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Arthur Hayes, co-founder of BitMEX, has published a new article entitled "Black or White?" arguing that the incoming Trump administration may adopt a Chinese-like economic development model, which he calls "American capitalism with Chinese characteristics". Hayes expects the new administration to promote the return of manufacturing to the United States through massive fiscal stimulus and industrial policy, which will include tax incentives and subsidies for key industries and cheap financing thr...

2024-11-12 03:30:12