Makes me super happy to see her so freaking angry.
China has disrupted the market. China is not a free market economy. We tried. We let them into the World Trade Organization. We sent our businesses over there. We made trade deals. They are a controlled top-down economy. You will never compete and win against them, unless you take back the means of production.
What a kidder. All of them knew what admitting China to the WTO meant. It meant money money money! They made bank for 20 years on that! The idea that China would somehow sign on to the US-led "order" and become a meek sycophant like Australia or Columbia was fanciful, and they knew it. But damn, all that money lying in a pile, just sitting there! And all they had to do was ruin the American working class to get at it! It was win-win!
1 - Send all your factories to China, where you can exploit workers more. Make shitton of money.
2 - Unemployment and deindustrialization at home let you exploit the hambergers better and progressively strip any social safety nets. Make even more money.
3 - Make sure fascism is the only "viable" reaction to what you did.
4 - When the lack of industry makes your country lose its economic relevancy, fascist nation will gleefully clap as you do thermonuclear war to "bring back industry home".
5 - Send all your industry to any of the other dozens of "underdeveloped countries" you made sure to exist who wont have leaders with a spine nor vision.
5 requires investment for development which is untenable with the profit rate already in the shitter. It’s like saying you’ll reshore industry. How dog?
With the money printinf machine and the nukes if anyone dares to not use your funny money
But the money printing machine is the thing that keeps profits existent. If you use it for actual development the profits disappear. Ending QE has started to tank our economy because it was kept afloat with those monopoly bucks. Rate of profit is so low the only way it works is if the printer goes straight to the piggy bank, anything intermediary like investment in productive sectors means economic ruin. We’re painted into a corner
How/why?
Also, kinda unrelated, where can I find a mathematical demonstration of "inflation" in the imperial core as a product and maintener of colonialism, basically a self occurring / self sustaining phenomenon.
Let me step back and say I’m probably being sensationalist but you can see the lack of investment in real productive economy and the over investment in obviously bullshit speculative assets in the dual crypto boom/baby formula crisis wherein companies find it unprofitable to invest in real commodities and production and only profitable in Ponzi schemes that return at insane odds. Quantitative easing has been the mechanism that’s flushed the economy with cheap debt since the Obama admin and has propped up everything from zombie firms to speculative tech companies that haven’t proven themselves by ever turning a profit and so on. That money spigot got shut off circa 2022 and is part of the primary driver behind our current economic crisis. Rate of profit is so low investment in real infrastructure isn’t expected to make returns for firms anymore and it’s becoming a problem as the free money machine stops (tho the inverse is the longer the free money machine runs the bigger the explosions gonna be when it eventually turns off)
Capital tends to find a way to recreate profit centers after overaccumulation, let’s just hope it doesn’t take another world war to do it. Also you could argue inflation is a mechanism of firms trying to eek out profit by simply jacking the prices of their existing goods. Labor is variable capital but can only be exploited so deeply before people just can’t afford to survive, but revenue streams are also variable and can be edited to keep up profit (tho misaligning the two creates another huge issue in the economy ofc)
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Thanks will check them
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We sent them our factories :wojak-nooo:
And they’re starting to lose Colombia, a country I never expected to be able to stand up for itself.