The US is now running a Black Lodge version of Chinese State Capitalism.
Whereas the CCP actually has centralized planning, and a goal, the US is just shoving money into the pockets of the ruling class for as long as they can.
But I don't know if we'll actually hit a crisis if they keep doing this. It's transparently corrupt, and is the end of markets. But if no one cares, this can presumably go on for a long time.
The US is now running a Black Lodge version of Chinese State Capitalism.
Whereas the CCP actually has centralized planning, and a goal, the US is just shoving money into the pockets of the ruling class for as long as they can.
But I don't know if we'll actually hit a crisis if they keep doing this. It's transparently corrupt, and is the end of markets. But if no one cares, this can presumably go on for a long time.
It's stable, so long as you do it correctly.
It is a bubble, it's just a matter of how bad it will get and how much "income-equality" it can sustain until REDACTED (the cool emojis)