I am apologizing in advance because today, being the day that Donald Trump officially becomes president of the US, it was my plan to focus on something totally unrelated. There will no doubt be so many feelings about it expressed around the world today, and I wanted to be different… but I cannot!
I am not an expert on running a country, and I am not an expert on running a business, so I will welcome any comments that can enlighten me (with a logical supporting rationale of course)!
I saw an interview yesterday with a lady who was clearly excited about DT becoming President, and her rationale floored me. “He will run this country like he does his own businesses and that is what we need!” – As far as I am aware, he has a list of failed businesses behind him! Is there some rationale that I am missing here because, if not, that is a rather scary perspective. Has anybody told DT that he cannot declare bankruptcy; write off his losses at tax time, and start again…. with a country?
“We need to get those jobs back from Mexico!” – It is a nice idea but here are some thoughts I’ll just throw out there. Those jobs probably went to Mexico because labor was cheaper = lower manufacturing costs = more competitively priced product (It may be an idea to remember that when shopping for a new car). However, bringing those jobs back into the US creates a little dilemma. Will the US workers accept a drop in income in order to keep the product competitive? Will they accept that a higher priced product will simply lose market share? Will they expect their Govt, to subsidize the manufacturers to resolve this dilemma? Are they prepared to pay extra taxes in order to provide the Govt. with the necessary subsidy funding?
There seems to be a prevailing view within many countries which I call the “Greek Syndrome”. The “Greek Syndrome” shows that, as in Greece, nobody wants to pay taxes, but they all want Govt programs. The fact that the two are inherently linked is conveniently overlooked, and yet this is no different from everybody’s household finances (except the values involved!) If “it” is not coming in, then “it” cannot go out. If the solution is to borrow, then there will be interest charges which means that less of “it” can be used for living purposes. The difference is that an individual has a number of options in order to return to a financially stable situation…. countries do not!
In an earlier Post, I made the comment that if Clinton and Trump were the best that 319 million people could come up with, then Canada with its meager 35 million should be concerned! Recent events here have given credibility to that concern, as Mr Kevin O’Leary has decided to run for the head of our Conservative Party with the goal of becoming Prime Minister in a few years time. Mr. O’Leary is a TV celebrity whose claim to fame is being arrogant, insensitive, and generally obnoxious to all who do not agree with him. In fairness to him, his business acumen would appear to exceed that of DT, but he is already making promises which are going to be very complex to fulfill (if they can be fulfilled) and yet he is already getting support!
What is happening to our world? Since when did people with no political background, and no in-depth experience of the workings of a country, not only feel qualified to take on such a responsibility… but get a vote of confidence from the public?
My only thought is that we should be totally ashamed of an education system that allows such events to happen.
Two final thoughts (courtesy Wikiquote):
“The historical cycle seems to be: From bondage to spiritual faith; from spiritual faith to courage; from courage to liberty; from liberty to abundance, from abundance to selfishness; from selfishness to apathy, from apathy to dependency; and from dependency back to bondage once more.”
“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.”
Sad! I liked the idea of democracy, and so many people have sacrificed their lives over the years in order to protect it. Sad!