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.
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.
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Thanks will check them
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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)