It's hard to laugh when things are getting :cool-zone: enough where I can't say for sure his predictions are sure to be wrong. :doomer

  • Simferopol [none/use name]
    ·
    2 years ago

    Texas is already capitalist doe, not much state assets to sell for pennies. Texas becoming independent means they will longer be able to create the dollar and will have to start their own currency, considering the dollar's special place in the world economy, itll be pretty difficult for them to recover.

    Though there are some advantages for the bourgeoisie. They could pay workers a lot less and kill whatever worker protections left.

    • regul [any]
      ·
      2 years ago

      They could still just use the dollar. Plenty of countries use a currency they don't control. It limits your options wrt monetary policy, of course, but it does happen quite often.