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5
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138
Joined
3 yr. ago

  • The basic strategy is to always avoid the privatization of public assets. The bigger the asset, the more important it is to remain under public control, especially infrastructure e.g.: Roads, trains, ports, schools, hospitals, power etc.

  • We will see the same shit as 2008: Those rich people getting the fresh dollars leads to asset prices going even higher. I think it's already happening a bit now. And the US rich don't invest in companies that employ a lot of people any more.

  • I think the Fed will print more dollars like crazy because they don't want to stop the economy train. The AI bubble will be bailed out like the banks were bailed out in 2008.

  • Except American leadership never admits defeat. It takes the NEXT leader who replaces the original to actually reverse the stupid decisions made. In recent conflicts it has taken a number of iterations of leadership change before America has begrudgingly retreated and pulled their forces out, regardless of the costs. (See Iraq, Afghanistan, Vietnam, etc etc)

    The idea that Trump, of all people, will weigh the costs and rationally decide to make logical choices now is super optimistic to put it lightly.

  • “If class is abolished in communism and the people are taken care of, why would anyone work at all? Who is going to work in coffee shops, pick up trash, work in stores etc.? What would be the incentive for people to do anything productive?”

    Work still needs to happen. This takes coordination and organisation. Production is still required but people won't live in a class based society.

    The modern world produces way more complicated things than a cup of coffee. People are still going to own personal possessions under communism. They just aren't going to be able to charge someone else rent to use their stuff.

  • Skill issue. Don't blame the tools!

  • "China’s Orwellian Social Credit Score Isn’t Real" Foreign Policy 2018 https://archive.md/rVfyr

    Basically it's a myth created from a lot of crossed wires, combining different China news items about data collection to create a boogeyman.

  • Everyone should just give up on america at this point. Its a rotten place that wont reform for the good.

    That's the difference between reform and revolution. There are no big reforms coming. The country has been glazing itself for too long. Only when shit gets bad enough, then a revolution can occur.

    If there is a socialist movement that can take advantage of the conditions, it can progress towards socialism.

  • No you see the Trunp logic sequence is:

    • no bad news, only good. A friend of a friend said Iran are so compliant right now.
    • Trump team provides accurate reports in the form of short videos with just big explosions over and over
    • Congress should sign over $200B for no reason. It's just play money. Trump doesn't need it. What for? US is transportating thousands of troops to the region just to party. But give it anyway.
    • Iran are begging for a deal but Trump said "No thanks! Keep the Strait of Hormuz closed! It's so great for my inflation numbers and debt numbers and doesn't hurt me in the polls at all."
  • GenZedong @lemmygrad.ml

    Petrodollar vs. Petroyuan: The Real Battle of the Iran War

  • Dimona is just nine kilometers from the Israeli nuclear reactor. Iran is no longer acting covertly. It’s loudly declaring: next time, we won’t miss our real target

    Both sides are threatening to hit nuclear reactors... Hold me, I'm scared.

  • I don’t know what Sachs’ angle is

    Globalism. "War hurts free trade and my economic models."

    He's somewhat about preserving the status quo or at least gradual changes to it (guess he's still feeling bad for the shock therapy he caused). But history just keeps happening and throwing a spanner into the economic machine.

    Mearsheimer is a war mongerer. Part of the cheer squad for US military action. He's always predicting where the flash points should happen. It's like a board game. He's keen on China as the next big target.

  • It's more about the volatility of day trading. Volumes of stocks are algorithmically set to buy or sell when a price point is hit.

    When people are exitting the bond market and they are keen to buy an asset to hold some value against inflation, they look at stocks. The demand pushes the prices upwards. The Dow is only 30 "blue chip" stocks selected by committee. Its connection to oil markets is pretty convoluted.

    Media often concoct a narrative for these price movements: "Trump quote moved the line! (Watch us for the most up-to-date Trump quote!)"

  • what happens inside and outside the us when dollar hegemony goes away?

    Hyperstagflation for US. USD value will drop significantly crushing America's purchasing power. Combine that with the excessive money printing that US banks are notorious for and you get double digit monthly inflation. (Rich will race to buy up assets like property even more putting housing even more out of reach which has a knock on effect to rents.)

    Recession for rest of world as their US bond assets lose value and their export sales to US lose their profitability.

    will manufacturing be reshored to the usa? will it usher in a wave of prosperity for the usamerican colonizers?

    Doubtful. Manufacturing relies on effective supply chains. The US would be in global competition with other countries that are far more established with far less debt.

    .>will it free the periphery from the chains of empire?

    Not really. A lot of countries like say Mexico and Canada are inherently linked to the US economy. When US goes does it will drag down plenty of other countries that are too slow to diversify.

  • Memes @lemmygrad.ml

    So you saw 5 people beat up a man in a MAGA hat.

  • Didn't even take much prompting by Kim dotcom! Basically he said something like "roast Elon no holds barred".

    AI is demonstrating it's value.

  • Kim dotcom asked grok to roast Elon and don't hold back. This was the result 🤭

  • "Two thngs can be true at once" = "Let me ignore one of those things that undermines the logic of my opinion"

  • "But we have the best chips!" - Western media

  • The politics of the UK and Australia is a good example of a string of incompetent conservative leadership eventually leading to a change to the "progressive side" that didn't reform anything. With Western liberal democracies, they can't solve the economic decline of late stage capitalism regardless of who is in charge.

  • GenZedong @lemmygrad.ml

    Mike DEBUNKS NYTimes Anti-China Propaganda

  • GenZedong @lemmygrad.ml

    U.S. Emissions Rise, China’s Fall, in Massive Shift Between World’s Biggest Climate Polluters

    www.theenergymix.com /u-s-emissions-rise-chinas-fall-in-massive-shift-between-worlds-biggest-climate-polluters/
  • Late Stage Capitalism @lemmygrad.ml

    Everything Is Fine (Coinbase ad sinking the boot into the UK) 🤣