35
submitted 2 months ago* (last edited 2 months ago) by FuckyWucky@hexbear.net to c/chapotraphouse@hexbear.net

Deifict hawking in the US in 2024? Sounds great for global capitalism. US is THE consooming engine.

Atleast Argentina is a smaller country. Atleast Russia was disconnected from rest of the capitalist world pre 1990s.

And it's by no means "radical". Bill Clinton the neoliberal establishment guy ran budget surpluses in the 1990s, sucked money away from the (mainly poor) people and increased household debt.

all 17 comments
sorted by: hot top controversial new old
[-] KimJongGoku@hexbear.net 38 points 2 months ago

xi-pog Elon Musk doing to the US what the US usually does to foreign economies to destroy them

[-] vovchik_ilich@hexbear.net 21 points 2 months ago

Sounds about right... My fucking god, twitter economists...

[-] FuckyWucky@hexbear.net 10 points 2 months ago* (last edited 2 months ago)

'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.

[-] vovchik_ilich@hexbear.net 5 points 2 months ago

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.

[-] PolandIsAStateOfMind@lemmygrad.ml 6 points 2 months ago

Critical support. Though i don't believe even reps are stupid enough to give the grenade to this particular manchild.

[-] Mindfury@hexbear.net 2 points 2 months ago

imagine being dumb enough to do shock therapy to yourself

[-] coolusername@lemmy.ml 25 points 2 months ago

US gov literally has infinite money

[-] FuckyWucky@hexbear.net 24 points 2 months ago

Infinite money is only for war and corporate subsidies sweaty.

[-] came_apart_at_Kmart@hexbear.net 23 points 2 months ago

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.

[-] Dirt_Owl@hexbear.net 16 points 2 months ago

Ok let's cut the amount the government spends on private corporations

[-] Mindfury@hexbear.net 16 points 2 months ago

literally cutting you own income bro

you will lose subscriber bro

this post was submitted on 01 Nov 2024
35 points (97.3% liked)

chapotraphouse

13616 readers
635 users here now

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Slop posts go in c/slop. Don't post low-hanging fruit here.

founded 4 years ago
MODERATORS