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Bloomberg Wall Street Week - November 8th, 2024

Wall Street Week

CHAPTER

Contrasting Capitalism: Visions and Policies

This chapter examines the differing perspectives on capitalism during recent elections, focusing on the Harris administration's protective industrial policy versus Trump's entrepreneurial approach. It critiques 'Trumponomics' for its free-market contradictions and discusses the implications of trade restrictions on foreign direct investment in the U.S. The conversation extends to federal spending, regulation, and the evolving industrial policy landscape, emphasizing the impacts of artificial intelligence and the need for balanced innovation and risk management.

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