[FRIAM] What do we do Now?

[Alfredo Covaleda Vélez]

Maybe Trump’s presidency and Brexit, will lead to the end of Globalization.
Movement of capitals, people, goods and services are key elements in the
actual global order. Your next president trusts in a closed economy to
improve US home´s incomes . Maybe he is supposing a local consume which
will be enough to improve internal economy. He pretends to make capitals to
return back or attract new ones to USA. But, I’m not sure if talking loud
and being rough is enough to improve economy. USA minimum wage is around
$7.95/hour while in my lovely third world country, for example, it is
$0.99/hour. I guess manufacturing in USA is expensive, even more if he will
increase the minimum wage (just a little) as he said during campaign, and
even more if he avoid some kind of immigrants, who are cheap workers inside
USA boundaries and help to reduce costs in some part of the production
chain. Maybe Trump does not understand what is competitiveness because he
is not an industrial, he is just a real estates and entertainment man. I
wonder if improving infrastructure can help to create 13 millions of jobs.
¿Where does money come from to build or repairing bridges and highways? He
has said he will reduce number of taxes and abolish some others. He
criticized Hillary because of his connections to Wall Street, and now he
chooses a former executive of Goldman Sachs for Treasure Department. ¿Where
is the difference?





Managing economy like a real estate business is not the worst part, maybe
there is a little probability he will succeed, but I don´t think he will.
Probably the worst of everything is that he has already generated negative
social impacts and probably he will make to lose US social achievements. He
has already increased local racism tensions giving steps back in the
construction of a civilized nation. Somewhere I read that the woman elected
by Trump to be chief at the Department of Education, was the first person
who transferred public budgets to private education. It is a bad sign.
Starting from his position as Climate change denial, not only regulation
will be weak, but some kinds of scientific research will lack of support.
It is bad, if factories from China will return to USA, USA will be again
the most pollutant country in the world.



He has already achieved a lose of confidence and respectful from the
«friendly world» with respect to USA, and I am sure it is a factor when
people make consume decisions (my next pair of shoes will not be wolverine
brand).



11/09 was not the break point, nor 2007 - 2008 financial crisis. Maybe
Trump’s presidency and Brexit are an inflection point.

On Sun, Jan 8, 2017 at 11:13 AM, Frank Wimberly <wimberly3 at gmail.com> wrote:

> Wasn't that a recent thread?
>
> Here's a suggestion:
>
> https://www.youtube.com/watch?v=bW0NguMGIbE
>
> Frank
>
> Frank Wimberly
> Phone (505) 670-9918
>
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