Noah denkt™ - The Power of Balanced Reasoning
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Donald: Slapping tariffs on imported goods isn’t the answer,
educational reform is!
Noah denkt™ clarifies its endorsement of the 2016 GOP front-runner, Donald Trump,  
drafted and published on Feb 26, 2016

    Ford announces a few weeks ago that Ford is going to build a $2.5 billion car and truck and parts manufacturing
    plant in Mexico. I would call up the head of Ford, if I was president, I'd say, "Congratulations. I understand that
    you're building a nice $2.5 billion car factory in Mexico and that you're going to take your cars and sell them to the
    US zero tax, just flow them across the border." And you say to yourself, "How does that help us? Where is that
    good"? It's not. So I would say, "Let me give you the bad news. Every car and every part manufactured in this plant
    that comes across the border, we're going to charge you a 35% tax, and that tax is going to be paid simultaneously
    with the transaction.
    Donald Trump: 2015 announcement speech, June 16, 2015

We have made it clear before that all our attention is at this time on the Republican US primary. No other issue
can remotely excite us in the same manner as
the intriguing candidacy of Mr. Donald Trump. His success so far
is the most vivid confirmation of our earlier assessment according to which something very substantial and
fundamental is going on in the Western economy
the scope of which has not yet been understood by the
establishment.  We continue to believe that the social and political challenges that technological innovation and
free trade on one hand and an overly convenient and complacent approach to social and human entitlements
on the other are creating a highly explosive cocktail that can ultimately shake the very basis of our freedom.

Noah denkt™ therefore welcomes the candidacy of Mr. Trump. At least he and Sen Bernie Sanders echo the
sense of urgency that we ourselves feel about the state of the capitalist society. All other candidates both on
the Republican and on the Democratic side hail way too much from your standard mold of career politics to
overcome the “business-as-usual trap” that we find ourselves in at this time.

Alas, we do not believe that the correct answer to the digital free trade challenge is to increase trade barriers
(which Mr. Trump seems to be suggesting) or to opt for wealth redistribution (Sanders). Both measures may
bring about some near-term relief but they clearly do not help to put a democratic society on the path to
sustained competitiveness. That sustained competitiveness which hopefully would then also create enough
solid jobs for stable family income providers can only come from a radical change in school and university

The academic approach in education which we are witnessing to this day had its undisputed merit in times
when societies lived under a different concept of speed, mobility and change. In the well-ordered ages of
analogue communication it was perfectly alright to first concentrate amply on building large theoretical
foundations for somewhat unspecified later applications in the practical professional arena. In those decades
where the typewriter was the glue that held large hierarchical organizations together it was absolutely adequate
for institutions of learning to churn out legions of future employees with standard, middle of the road knowledge
for stereotypical professional use. With the advent of 4G LTE communication, however, that era is definitely
over. In the age of high frequency flash trading and self-employed freelancing the market requires operators
and agents who are their own bosses and who manage to successfully reinvent themselves whenever such
repositioning is needed. The skill however to constantly maintain your competitive edge in the marketplace
cannot be acquired in an institution that removes its teaching environment from that very marketplace. You
simply will not be able to fathom the weird peculiarities of corporate decision making, the complex reality of
different operating procedures, the actual technological prowess of a product proposition or the versatility of
your competitors if you do not experience them where they are.

It is therefore of utmost importance that future education must be embedded as early as possible into the
marketplace. It fact, it is our conviction that any successful education in the digital era must take its inspiration
from the career path that famed concert pianist Lang Lang embarked on when taking his first piano lessons at
the age of three.  After all, it is the sad truth of the digital revolution that nobody will have a solid professional
life if he or she does not rise to become exceptionally good in the field that he or she has chosen to work in.
And to get there one needs to learn a profession inside out and get a first feel for it as early as possible.

Granted, there are a lot of specifics that still need to be worked out in order to allow for an early age
educational approach that is modelled on the dual teaching reality that has made Germany’s vocational training
so successful. And yet there can be no doubt that some serious "out-of-the-box" thinking will be required to
adequately address the gaping social and economic needs of our times

In that respect it is a very positive sign that there is one candidate in the GOP primary field of 2016 that at least
has the energy to break the standard mold of political thinking even if he doesn’t seem to have gotten to all the
right answer yet. In other words, Noah denkt™ cannot help but sympathize with Mr. Trump’s campaign to win
the GOP nomination and perhaps the Presidency later this year.
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The commentary and the reasoning that was provided on this page is for informational and/or educational purposes only and it is not
intended to provide tax, legal or investment advice. It should therefore not be construed as an offer to sell, a solicitation of an offer to
buy, or a recommendation for any security or any issuer by WL & his LSV or its Noah denkt™ Project. In fact, WL & his LSV
encourage the user to understand that he alone is responsible for determining whether any investment, security or strategy is
appropriate or suitable for him. And to leave no doubt as to what this means we urge our user to also note our extended

Endorsement of Donald Trump, labor market challenges in the digital free trade era, helping the middle
class in the digital age, how to create middle class jobs in the digital age, academic education in the
age of the digital revolution, the social challenge that comes with technological progress and free trade