12.20-经济学人summary

American's new model

Athough there are 6 weeks before Trump's president  inuaguraion ,.he already throw some bombs in America bussiness. In order to keep promises he made during the campain, he will slash regulation, cut tax and increase infrastrutre spending.The way he rewritng the rules is not for better economy in the long run.

As an merchantilism man ,he criticize those companies who do not provide more blue-colloar jobs in America and threats to impose 35% on  the products of any company that wants to moves their prodution lines aboard. It looks popular but problematic.

Americia bussiness long thrived thanks to its regulation, if the rule-based system is supersed ,all those CEO main task shifts to cater Trump's  flavor ,which will bring long-term damage for Amercia economy

From market term. protectionism will reduce local firms competitivness and deter new investment .

Though Trump is not the first president who interfere bussiness, but the ciircumstance is different,Amercia is not in crisis while trump's meddling seems to be new normal. 

Hence ,if he really wants to make Amercia become great again, he  should lay off protectionism and steer clear of the bullying right now