Can we slap a big giant Biden “I Did That” sticker on the economy now?
… is it really a war if it’s with our allies? We all benefit when we all succeed.
Russia is in the Shitter due to war and China just imploded (see Stock Market / Shanghai index as well as Evergrande)
Which enemy are you trying to compare us to? Iran? North Korea? Taliban controlled Afghanistan?
US dollar is very strong.
But the comparison being made in the article is with Japan, the UK, Germany, etc.
Yeah, because those are the other nations with an actually improving economy.
I guess China nominally has 5%+ growth, but the stock market and unemployment makes it seem like a fake figure.
I’m not sure how long Germany and Japan will do well though. Demographically it’s as bad as China. The U.S. will be one of the few economic winners over the next couple decades
Germany and Japan don’t have to worry about their largest Real Estate company being a massive fraud. (Evergrande) and that all the loans they issued going bankrupt. Both countries have (slightly) improving stock markets, while China’s stock market has been in decline for years now.
China suffers from so much youth unemployment that they also stopped publishing the figure. Its… really really bad actually. All the signs are pointing to massive amounts of falsification of records, rather than being honest in China. Suggesting that yes, China’s economy is terrible and they want to hide that fact from the world.
Japan and Germany have long-term problems. But China has short term problems occurring right now. Its not even comparable.
Our global Market Capitalist system is wholly incompatible with “We all benefit when we all succeed.” It punishes that and rewards the opposite by design.
Our global economy is about getting mooooaaaaar than the person/nation on the other side of the table, and about exploiting people.
The core principle of market capitalism is to give the people hoarding capital most new capital that is generated, while separating the people that generate that capital from the capital they generate. It’s a vicious cycle meant to keep power, which capital is, safe from the unwashed masses/capital livestock.
Mutual benefit is what market capitalism is designed to prevent.
Our global market capitalist system is wholly compatible with “We all benefit when we all succeed.” In fact, one might argue that’s the foundation of an efficient market economy. The problem is that it also incentivizes decision-makers to maximize firm benefit at the cost of general society, and the past 40+ years of neoliberalism brainrot have unleashed an investor-class with very few restraints on their decision-making.
You look at this global economic system and think its broken and needs to be repaired. I look at this global economic system and think it’s doing exactly what it was designed to do and needs to be replaced.
I hope you’re right and I’m wrong. Our many species threatening crises would be a lot easier to address, and us humans, we love the idea of easy. But that economy through its proponents has been claiming to be the sole entity that can solve all the problems it’s created for those 40+ years of being unshackled from meaningful regulation, and the problems of inequity, corruption, regulatory/governmental capture, exploitation, and oh yeah the very air we all COMMUNally breath have only gotten significantly more dire as a direct result of market actions, and those markets have only entrenched themselves deeper into the decision making processes of the world governments once meant to keep them in check once upon a time.
You say brain-rot is the cause, but I say this system is designed to cause that brain-rot. It turns regular people into practicing sociopaths.
It’s all academic though. You can’t get the market capitalists to suddenly be nice, consider how their actions effect others, and think about how everyone can win, and I can’t lower them into acid. They’re gonna do what they’re gonna do, because capital is power and they have almost all of it. No matter what you or I believe, their madness and destruction of civilization and Earth’s biome will proceed.
I mean, I believe that capitalism has outlived it’s usefulness and has few answers to the problems we face. I simply also believe that the system itself isn’t optimized for a zero-sum mentality.
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