Trump loves to brag about his business acumen, despite nearly $1 billion in losses and his multiple bankruptcies. But his understanding of business and economics is really limited to his real estate deals, his hotels and casinos, and his brand-name products. Despite his bluster about China, trade deals, and other enterprises, he is showing that he doesn’t truly understand the concept of macroeconomics, his degree from the University of Pennsylvania’s Wharton School notwithstanding. What Trump has never understood (or has chosen to ignore) is that success in business depends upon satisfying multiple stakeholders: owners, stockholders, customers, suppliers, and employees. Trump is concerned only with satisfying himself. How many stories have we read of Trump stiffing small businesses that supplied his hotels and casinos? How many tales have we seen of workers who got laid off from closed Trump casinos? How often have we heard about students, or customers, of Trump University who got shafted? There are so many reasons to vote against Donald Trump for president. We might as well add “let’s not tank the world’s economy” to the list.
Source: A Trump presidency would wreck the world’s economy. Just ask investors