It's all fun and games when it comes to the born-moron Donald Trump and his completely dumbass tariffs. In both economic theory and policy terms, the effects have proven near fatal, especially for the small, emerging economies and those in ASEAN that have built their economies on mountains of sand; i.e. structural and institutional contradictions that are deeply embedded in their political governance, societies and of course their export-dependent economies. Now of course every country would be sitting down and wondering what will -- not might -- come after the diot Trump's "90-day pause" on applying his tariffs (pity China, eh?). For one thing, there's will be new mutations in the new international division of labor that has been through various iterations and revisions since, in this century so far, the 9/11 criis, the 2008 crisis, the 2018 crisis, the Covid crisis and the Trumpite-inspired crisis. And it is a crisis. It'll speak much, I would think, about the nature of each country's capitalism as well as its capitalist development based on whatever growth it can eke out from the Trumpite Tariffs carcass that's still in formation.
For me, it'll be interesting to watch Prabowo's Daya Anagata Nusantara Investment Management Agency, or Danantara, and how it'll work, how he manages it, what internal contradictions it produces and the struggle for state power between the various invested classes. I get the uneasy feeling it could turn out to be something like Malaysia's totally disastrous 1MDB fiasco. Too many crooks stirring the pot.
It's all fun and games when it comes to the born-moron Donald Trump and his completely dumbass tariffs. In both economic theory and policy terms, the effects have proven near fatal, especially for the small, emerging economies and those in ASEAN that have built their economies on mountains of sand; i.e. structural and institutional contradictions that are deeply embedded in their political governance, societies and of course their export-dependent economies. Now of course every country would be sitting down and wondering what will -- not might -- come after the diot Trump's "90-day pause" on applying his tariffs (pity China, eh?). For one thing, there's will be new mutations in the new international division of labor that has been through various iterations and revisions since, in this century so far, the 9/11 criis, the 2008 crisis, the 2018 crisis, the Covid crisis and the Trumpite-inspired crisis. And it is a crisis. It'll speak much, I would think, about the nature of each country's capitalism as well as its capitalist development based on whatever growth it can eke out from the Trumpite Tariffs carcass that's still in formation.
For me, it'll be interesting to watch Prabowo's Daya Anagata Nusantara Investment Management Agency, or Danantara, and how it'll work, how he manages it, what internal contradictions it produces and the struggle for state power between the various invested classes. I get the uneasy feeling it could turn out to be something like Malaysia's totally disastrous 1MDB fiasco. Too many crooks stirring the pot.