Donald Trump’s presidency is a perfect example of why it is NOT A GOOD IDEA to entrust the leadership of a country, especially the leadership of the world’s hegemon, to a businessman. The skills necessary for success in business and commerce are very different from the skills necessary to lead a nation to success. Moreover, the bottom line—profit—is no sensible goal for the leader of a nation. There is far, far more to the successful leadership of a nation than merely turning a profit! If I am not greatly mistaken, Trump’s presidency will go down in the annals of history as a failure. — © Mark Alexander
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label presidency. Show all posts
Showing posts with label presidency. Show all posts
August 02, 2026
"Greatest Humiliation" Andrew Neil Says Donald Trump's Final Years Will Be a "Nightmare"
Donald Trump’s presidency is a perfect example of why it is NOT A GOOD IDEA to entrust the leadership of a country, especially the leadership of the world’s hegemon, to a businessman. The skills necessary for success in business and commerce are very different from the skills necessary to lead a nation to success. Moreover, the bottom line—profit—is no sensible goal for the leader of a nation. There is far, far more to the successful leadership of a nation than merely turning a profit! If I am not greatly mistaken, Trump’s presidency will go down in the annals of history as a failure. — © Mark Alexander
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presidency
December 14, 2008
THE SUNDAY TIMES: American Account
“DON’T project beyond the range of the known observations” is a rule followed by careful economists. In plain English this means, for example, that we know how American consumers behave when petrol prices move between $1 and $4 a gallon, “the range of the known observations”. But we haven’t much of an idea what consumers would do if prices rose to $5 — no experience, no data to inform our forecasts. Which is why we have to be very careful when predicting the effect of the various policies that are being adopted to fight the credit crisis and recession. We simply have no experience of this combination of events.
So we have reason to worry about the galaxy of stars that Barack Obama has assembled to help him right the American economy. They are so bright, so self-confident, so accustomed to being the smartest guy or girl in the room, that doubt is not one of the emotions with which they are familiar, as was true of the bright young “quants” (mathematical economists) who designed the models used to manage the risks taken on by Lehman Brothers and AIG. Something about hubris and nemesis comes to mind. >>> Irwin Stelzer | Sunday, December 14, 2008
The Dawning of a New Dark Age – Paperback (US) Barnes & Noble >>>
The Dawning of a New Dark Age – Hardcover (US) Barnes & Noble >>>
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