Focusing on Fundamentals: Economic Survival Means Adaptation
b'Recorded November 20, 2019\\n\\nWhat happens when you put up barriers of entry in a \\u201cfree\\u201d market?\\xa0 \\xa0\\xa0\\n\\nOn this episode of New Business Paradigms, Chief of Staff Kristy Jansen and Academy President and Founder, Rinaldo Brutoco, discuss the lack of economic mobility in the modern United States before a quick riff on impeachment.\\xa0 After the first public impeachment hearings, Rinaldo\\u2019s take away is simple \\u2013 the process has put the chaos of the Trump White House (i.e. the emperor has been caught with no clothes) into clear focus and makes it evident that Trump is involved in every part of his organization.\\n\\nThe second half of the show is an examination of how the economic \\u201cwalls are closing in on us\\u201d, starting with the death of retail and the increasing number of farm bankruptcies.\\xa0 Rinaldo likens this to trouble oil wildcatters in the Permian Basin are having, suggesting that the lack of adaptation and too little focus on fundamentals are the reason why both are failing.\\xa0 In the last segment of the show, Rinaldo uses an article of the Atlantic as a jumping-off point to address monopolies in the US; compared to the rest of the world, a failure of US trust-busting has led to an economy with inflated prices and not enough competition.\\n\\nArticles:\\n\\nThe U.S. Only Pretends to Have Free Markets (The Atlantic on October 29, 2019)'