Summary
Trump had to reverse his aggressive tariff rhetoric after CEOs from Walmart, Target, and Home Depot warned of empty shelves and higher prices due to supply chain disruptions.
Investors reacted negatively to his threats against Fed Chair Jerome Powell, prompting a market sell-off.
Trump backtracked, expressing optimism on a China trade deal and now denying plans to fire Powell.
Global markets remain volatile, and the IMF cited Trump’s trade war as a “major negative shock” to global growth.
It gets thrown around a lot but Orwell’s 1984 has a passage, the context in the book is the protanonist realizing specifically about how it is impossible to argue against the fascist party as they happily substitute alternate facts whenever desired, and mandate the loyal adopt them wholesale.
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
This is the chapter. https://george-orwell.org/1984/6.html
I actually hate this quote because idiots around me use this thought pattern to reject the results of rigorous scientific studies in favor of their isolated, personal experiences.
To them, “Science” is an much an authoritarian imposition as “The Party” and “Scientism” is the worst “cult”.
Yes, your experience is valid. But, it doesn’t trump shared objective reality, which good science reveals.
My favorite phenomonon is anti-vaxers and the like saying “Science is hogwash! Ever notice how they just say ‘Trust the science!’? That means it requires faith!” Sure, that’s all well and good, except an actual scientist will NEVER say “Trust the science!” The foundations of science are NOT built on blind trust. It’s built on truth which is established experimentally, which is the opposite of blind trust. It’s very telling that people saying science is flawed are the same folks that don’t understand it.
It’s largely the same thing as someone saying “Evolution is hogwash. I’ve never seen a monkey turn into a human!” (except evolution doesn’t say that it will either…)
This is a direct result of the degradation of education. Countries that have a higher standard of living for ALL people: health (mental and physical), fair wages, maternity/paternity leave, etc., also have better education standards. In some cases, free university.
As an American, I can say this sounds like COMMUNISM and I will fight to the death to avoid the specter of universal health care! America leads the world in health care spending and we intend to keep it that way.