Elon Musk doing to the US what the US usually does to foreign economies to destroy them
this post was submitted on 01 Nov 2024
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chapotraphouse
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Sounds about right... My fucking god, twitter economists...
'rapid recovery', the economy will be cut in half and stagnate there for decades. it'll be Greece but worse. I don't think it'll be very good for China and other exporting countries either at least in short term but they'll recover if they also don't do the same austerity.
The EU, in GDP per capita terms, barely recovered from 2008 and the latter austerity policy. In purchase power terms, it's sunken below what it used to be before 2008, even with China's growing industry and cheaper exports driving down the prices of many consumer goods.
Critical support. Though i don't believe even reps are stupid enough to give the grenade to this particular manchild.
imagine being dumb enough to do shock therapy to yourself
US gov literally has infinite money
Infinite money is only for war and corporate subsidies sweaty.
I like how the pitch for austerity is always, "look, when we do this everything is going to get so much worse for an indeterminate amount of time but then I promise it will get better and everyone will be better off."
and no matter how many times it is done and only serves to ruin lives and devastate communities beyond recovery with no benefit ever being recognized aside from a tiny, ultra wealthy minority using the chaos to purchase control over critical resources and exponentially increase their net worth, they keep promising it will be different this time and everybody will benefit.
Ok let's cut the amount the government spends on private corporations
literally cutting you own income bro
you will lose subscriber bro