Reindustrialization takes rebuilding the human capital base, it takes investing into education, infrastructure, healthcare, housing…none of which are getting any better, in fact they’re only getting worse.
That’s not the style of investing Trump is probably thinking about. He’s all business so it will be business investments in terms of subsidies, tax incentives and government contracts.
“Human capital” == “handouts” in Trumpland.
I think Trump is similar to other austerity conservative economists hence the cutting of the “fat” : Radio Free Something, VOA, USAID etc etc (even military spending). The idea is to cut a lot of services which will reduce government spending, then juice the industrialists with tax breaks and subsidies. The supposed resulting growth will then help pay the debt off.
Rich people pay for their own stuff. They don’t use government education and healthcare. And they don’t consume VOA. Hence someone like Trump can basically ditch it easily when looking to cut costs. Even if he was told it’s for propaganda, he wouldn’t give a fuck about cutting it. It’s not important to him. Same with President Musk.
That’s not the style of investing Trump is probably thinking about. He’s all business so it will be business investments in terms of subsidies, tax incentives and government contracts.
“Human capital” == “handouts” in Trumpland.
I think Trump is similar to other austerity conservative economists hence the cutting of the “fat” : Radio Free Something, VOA, USAID etc etc (even military spending). The idea is to cut a lot of services which will reduce government spending, then juice the industrialists with tax breaks and subsidies. The supposed resulting growth will then help pay the debt off.
Rich people pay for their own stuff. They don’t use government education and healthcare. And they don’t consume VOA. Hence someone like Trump can basically ditch it easily when looking to cut costs. Even if he was told it’s for propaganda, he wouldn’t give a fuck about cutting it. It’s not important to him. Same with President Musk.