US Economy Slows Down Amidst Rising Prices and Inflation
The latest economic data paints a bleak picture of America’s labor market and economy. A recent trend has been labeled as “degrowth,” a strategy that involves raising prices, lowering productivity, and reducing consumption. This term is often associated with environmental activists and leftist parties in Europe but is now being applied to Trump’s second-term economic ideology.
In the past few weeks, Americans have witnessed significant declines in various sectors. The number of housing permits issued has reached its lowest point in half a decade, while residential electricity prices have increased by an average of 6.5 percent. Las Vegas saw a 7 percent drop in visitors, and inflation rose as the manufacturing sector shrank.
President Trump’s economic agenda is centered around protectionism, mercantilism, atavism, and cronyism. However, it now appears that degrowth is also a key component of his second-term strategy. The notion that wealthy countries should reduce their consumption and production is often linked to environmental activists and left-wing parties in Europe.
As Trump’s economic ideology continues to take shape, Americans can expect higher prices, reduced productivity, and lower standards of living. This agenda is not only detrimental to the economy but also contradicts the president’s initial promise to “supercharge” the American economy.
Source: https://www.theatlantic.com/economy/archive/2025/08/trump-economy-productivity-prices/683807