Trump's Tariff Gamble EXPLAINED w/ Chamath

America exported manufacturing globally because they were so benevolent? WTF? The exported it do that corporations could make untold sums of money using cheap labour.

BRO HOW IS THE INTRO EVEN REAL? America outsourced production to poorer countries for cheap labour, not benevolence!!!

AMERICAN COMPANIES CHOSE TO MOVE THOSE JOBS TO MAKE MONEY. No any other way to split it that’s in good faith. We can’t blame those countries for decisions AMERICANS make

Bro this is amazing when everyone isn't talking at the same time. So much nicer to listen to

Three things — Chamath seemed reluctant to blame the offshoring of millions of U.S. manufacturing jobs (in decline since 1979) on his corporate friends. But they got exactly what they bribed—I mean, *heavily lobbied—* the govt for: cheap overseas labor, weaker regulations, massive cost savings, and _record profits._ Since the ’80s, profits soared while wages as a % of GDP fell. Productivity rose, but real wages didn’t — the gains *went to capital,* not labor (i.e. Chamath & co). When they try to spin it as some some noble experiment to spread capitalism and enrich the world, don’t fall for it. — America is the richest nation in history. The narrative that the US is this poor victim of other nation's greed isn't taken seriously overseas. — It’s always tone-deaf when a billionaire tells retirees _“put their big boy pants on”_ while their life savings take a hit. Even if Chamath meant no harm, it just looks bad.🙄

I appreciate Chamath explaining how corruption works and how he's an active participant.

The tarriff plan will evidently lead to high inflation, the high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases.

This guy basically said I couldn’t buy the democrats so he went and brought the republicans

Now that the markets has grasp that Trump is serious about tariffs, it’s going to hit hard. If the US cuts itself off from global trade, that isolationism is going to send shockwaves

andrew trying to talk about this whilst sounding smart is like watching a caveman try to explain a grocery store selling a rotissery chicken