What Trump DOESN’T Know About Business

April 1, 2016 at 11:18 am | Posted in Conceited, Disinformation, Enemies of Freedom, Presidential election | 1 Comment
Tags: , , , , , , ,
Upside-down version of Trump Sr. at Citizens United Freedom Summit in Greenville South Carolina May 2015, photo by Michael Vadon.

Upside-down version of Trump Sr. at Citizens United Freedom Summit in Greenville South Carolina May 2015, photo by Michael Vadon.

Trump understands: real estate (especially hotels and entertainment), entertainment, self-promotion (a type of advertising), and selling the use of his name.

Trump doesn’t understand: international trade, the effect of international trade upon jobs, manufacturing, transportation, treaties, international law.

Most of the areas of business that Trump does understand are not relevant to the tasks of a President. The only exception is self-promotion. Even in the business areas that Trump understands, his record of success has been spotty.

The areas of business that Trump doesn’t understand are critical to the tasks of a President.

But Trump will never learn to understand those areas, because he doesn’t care about facts, and he doesn’t admit to mistakes (his insecurity forbids him to admit to them, especially to himself). So he will never be able to map out what he needs to learn. Learning involves forming provisional pictures, testing them, and correcting them. His refusal to admit to errors means that he cannot do that. By his own admission, Trump habitually relies on his gut guesses rather than on knowledgeable advisors. That habit does not promote learning.

In disputes, Trump is quick to sue. He does that to intimidate, harass and threaten those who disagree with him. He learned that trick from the practices that were common in the real estate business when and where he started out.

That won’t work in domestic politics, and it won’t work in international politics.

As a side note, given Trump’s well known proclivity to sue, it is surprising that anyone would sign a contract with him, without at least insisting that the contract require that disputes be resolved by arbitration, with the arbitrator being pre-specified in the contract.

If you want to comment on this post, or just want to add your name as endorsing or disputing its assertions, go here. To avoid cluttering the ‘latest postings’ page, WordPress includes the mechanism for commenting only on the page for the individual posting, never on the page that shows all of the recent postings. So click here, scroll to the bottom of the post, and submit your comment.

1 Comment »

RSS feed for comments on this post. TrackBack URI

  1. […] For previous posts about The Trump, see here, here, here, here, and here. – If you want to comment on this post, or just want to add your name […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.
Entries and comments feeds.

%d bloggers like this: