Donald Trump, infantile populism disease – Liberation

According to Jean Piaget’s work, the child begins to understand the link between his action and the effect produced at the age of six months, shaking for example his rattle again and again to reproduce the sound. Hostage outfits by an American president with infantile personality, The scholarships were shaken This Monday, April 7 by his untimely declarations, from Seoul to Wall Street, from Tokyo to London. The CAC-40 has plummeted like the others, falling by 4.78 %, its worst session since March 2022. The carnage of the last three days on the various markets would have erased $ 9,500 billion in market value according to the Reuters agency, and we are far from having touched the bottom.

After a weekend spent playing golf, Donald Trump was inflexible, stunning on « Negotiations » With certain allies, quickly denied by his advisers, making the escalation against China, calling the Americans to « Take good » And not to sell their financial assets. But 90 % of stock market stocks belong to 10 % of investors, and these may need liquid money to reimburse more worried-or more lucid-customers than others. In this case, we would reach the dynamic so dreaded Krash from 2008, even 1929.

So who could stop the fall? The simplest solution would be for the White House to announce the pure and simple withdrawal of the announced customs duties, or at least a temporary frost of the most critical or wacky announcements. But Trump has already said there was no question. Some incorrigible optimists seem to hope for a drop in interest rates from the Federal Bank, even more improbable.

Only the wait remains. According to Piaget, the child can suddenly understand the rules if they are accompanied by concrete examples. However, the recession threatens, and projections of bankruptcy should not be long. Concrete examples, alas, will not miss, in the United States as elsewhere.