Trump's Economics & Politics

Created
Tue, 28/01/2025 - 22:22

DeepSeek, a Chinese artificial intelligence (AI) company, this week changed the global AI landscape, not to mention caused $1 trillion losses in the New York stock exchange and the NASDAC. In the process, it demonstrated the difference between cloud capital, which drives technofeudalism onward and upward, and AI-services, which were always a bubble waiting to […]

The post Cloud Capital vs AI: What DeepSeek means for technofeudalism & the New Cold War appeared first on Yanis Varoufakis.

Created
Tue, 31/12/2024 - 22:14

Trump wants to boost exports, bring back American jobs from overseas and reduce the trade deficit. To achieve this he needs a weaker dollar. Trump also wants a strong dollar and will not brook any challenges to its near monopoly of international payments. Can he possibly have both? Trump’s Problem No.1: His announced tariffs will […]

The post Trump, the Dollar and China: What to watch for in 2025 appeared first on Yanis Varoufakis.