Fixing the machine that builds the machines that builds the machines
Summary
Last week’s US election results have created a divided response, but there is one group that is united in their enthusiasm: optimists who believe that the Trump administration will create an entrepreneurial approach to Government never seen before, and liberate our economy to fix the machine that builds the machines that builds the machines.
Not Boring’s Packy McCormick argues that we’re in the beginnings of the ‘Trump Bubble’, a machine that builds machines, and that this is a good thing, because bubbles are the cure to stagnation.
He points to similarities with previous bubbles, such as the Manhattan Project and the Apollo Program, which were both characterized by definite optimism, a concrete vision, parallelisation, coordination and risk-taking, and believes that the Trump Bubble has the potential to become the largest bubble ever created.
He highlights five signatures of a bubble: optimism, participation, risk-on, focus on the future, and overinvestment, and warns that the Trump Bubble will probably create a risk-on environment as people feel compelled to participate in the “American project”.
