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US is the prime example of a capitalist ecosystem. I would argue that this is what made US the superpower it is today. So to do away with it goes against every
by themagicalyang 5y ago
US is the prime example of a capitalist ecosystem. I would argue that this is what made US the superpower it is today.
So to do away with it goes against everyone who enjoys the benefits of the system in US. Those who enjoy the benefits are also those in power.
- kaonashi 5y agoThe US gained its advantage during the 40s-70s, when the government sector was a much larger percentage of the economy. We've been coasting on the efforts of that period and are now losing ground to countries that have their act together.
- opo 5y ago>...The US gained its advantage during the 40s-70s, when the government sector was a much larger percentage of the economy. The government sector is larger now than pretty much anytime since the end of WW II. The US gained its advantage when it was the only industrialized country that wasn't devastated by WW II. https://taxfoundation.org/short-history-government-taxing-and-spending-united-states/ https://taxfoundation.org/short-history-government-taxing-an...
- kaonashi 5y agothat's mostly due to financial bailouts. https://fred.stlouisfed.org/graph/?g=8fX https://fred.stlouisfed.org/graph/?g=8fX