Wonder how CEOs of F100 like being “hereby ordered” to do things. Even as proud owner of a mere great American single-member LLC, that pisses me off. Heads of big corps being ordered about by a failed business heir turned tinpot corporatist dictator wannabe must love it.
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As Polyani said, laissez faire was planned, planning was not. It’s pretty easy for politics to remove the conditions ebsblimg laissez faire and let the natural creep of “planned” economics built out of stupid ideas like trade wars break in years what takes decades to build.
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Trying to bully the Fed into managing interest rates as though it were a theater in a casually initiated trade war that’s mostly random acts of tariffs is what the beginning of the end of laissez faire looks like
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If he gets a second term, I’d expect to see a licensing based corporatist regime begin to strengthen. Today we mentally associate planned economies with soviet/Chinese models, but iirc the OG planned economies were Italian/German fascist corporatism versions
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End of conversation
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