5 Trends You Need to Know

Donald Trump interviewed Elon Musk on his social network X, and “Trump Elon X interview” became the most Googled term on Tuesday.

To summarize, here are some simple points:

• “If I were president, there would be no chance of war,” Trump said.
• Trump claimed his “strong” relationship with Putin could have prevented conflict, and said he had told Putin not to take action. “I got along very well with Putin, and he respected me,” Trump told Musk, adding, “I would talk about Ukraine. That was the apple of his eye. But I told him not to do that.”
• Trump warned of the threat of “nuclear warming,” which he said poses a greater danger than “global warming.”

While the interview did little to support Trump’s poor performance, it did highlight some trends happening around the world and in the Western world that we wanted to explore further.

Here are five trends from the Trump-Elon X interview that anyone involved in politics should know.

1. Elon Musk tells @realdonaldtrump that people are doing more for less

Inflation was a major topic of discussion in the interview, with Musk suggesting that President Trump should form a task force to cut government spending.

As Adam Smith said, “The true price of anything is the toil and trouble it takes to obtain it.”

The total workweek has been shrinking over the past two centuries, but in 1830 the average was 70 hours. Today, most people feel no richer because of government spending and rising inflation.

Today, Germans work the fewest hours (1,347 hours) and Singaporeans work the most (2,237 hours), but globally we feel much poorer than we did a few years ago.

2. More people + more freedom = more innovation.

A key theme of Trump’s Elon X interview was that resource availability has not decreased over the past 50 years, despite predictions.

Trump and Musk agreed A growing population fosters innovation and problem solving through free thinking and exchange. Idea.

More people + more freedom = more innovation.

While Musk doesn’t entirely agree with Trump’s climate stance (more on that below), he did praise energy companies for their shift toward sustainability, a move that came at a time when Nobel Prize-winning German physician Paul Ehrlich predicted in 1980 that resources would become far more scarce in the 21st century.

3. Trump Elon X Interview: Are We Running Out of Oil?

No, that didn’t happen. Yet in 1919, geologist David White boldly predicted that global oil production would peak in just nine years. Nearly a century later, Princeton University geologist Ken DePais predicted that global oil production would peak on Thanksgiving Day 2005.

4. Do we have an infinitely abundant Earth?

Again, no. But as Elon points out, as the population grows, problems will continue to surface, but people As history has provenFind effective ways to deal with and overcome it.

Here’s an example: According to the EPA, despite the fact that the United States produces about 24% of the world’s wealth, its CO₂ emissions are declining. In fact, between 1980 and 2022, CO₂ emissions fell 73% in the United States and 68% in the EU. And in China, from 1978 to 2014, it increased by a whopping 75%.

Does this mean we have an infinitely abundant planet? Not at all.

Final Thoughts Trump Elon X Interview

The final trend covered in the interview was how close we are to World War III.

Trump has a very gloomy and pessimistic outlook, but he is not wrong, especially given the Russian invasion of Ukraine this week.

Whether it’s Kamala or Trump, this country needs the best leadership to get us out of this mess.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. You may lose all your capital.