"Technology is a boom or bust business, but it's mostly busts. I've always assumed 10% of my technology investments will succeed – and succeed wildly. The other 90% I expect to fail.” Those are the words of Microsoft co-founder Bill Gates.
They came to mind while reading a recent Wall Street Journal opinion piece by Rich Danker, a former adviser at the Trump Treasury. He's convinced that an “overvalued” dollar has pushed manufacturing work out of the U.S. to the detriment of the American people, and that China's allegedly wise leaders in Beijing have been the masterminds behind the economic warfare that made their country the world's “factory floor.” Apparently “China” did this all the while “leveraging its dominant position in global trade” in order to “steal intellectual property, conduct cyberwarfare and export deadly products like opioids.” Oh dear…. Danker is but the latest individual associated with the Trump administration to publicly pretend 1+1 equals 1,000 in order to placate the protectionists who populate the Administration he served.
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