In this discussion, Ross Levine, a Senior Fellow at the Hoover Institution, critiques Trump's economic policies as alarmingly detrimental. He explores the complexities of tariffs and national debt, warning that alienating allies could strengthen China. Levine also questions whether Congress can effectively rein in Trump's approach to financial regulation and argues that the fallout from globalization is reshaping economic landscapes. Their insights highlight the urgent need for coherent policies amid rising market unpredictability.
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Trump Policies Threaten Growth
Trump administration's policies risk reducing U.S. long-term economic growth from its historical 2% per year rate.
In 'The Tyranny of Merit', Michael J. Sandel argues that the current system of meritocracy has led to significant social and political issues. He contends that meritocracy stratifies society into winners and losers, based largely on economic status and educational credentials, resulting in hubris among the successful and resentment and humiliation among those who are not. Sandel suggests that this system ignores the role of luck and external factors in success and instead attributes success solely to individual talent and hard work. He advocates for a new way of thinking about success, one that is more attentive to the role of luck, more conducive to an ethic of humility and solidarity, and more affirming of the dignity of all work. The book also explores the impact of credentialism and the need to restore dignity to work that does not require a college degree, promoting a politics of the common good[1][3][5].
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