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But there are local competitors, they just got smothered and bought up by US based corps. Why ? Because the US has a lot more money, which translates to more m
by ddalex 5y ago
But there are local competitors, they just got smothered and bought up by US based corps.
Why ? Because the US has a lot more money, which translates to more money for investors to dominate the economic landscape.
Why does the US have more money ? Well, if I want to buy an ice cream from the US for a dollar , I first need to sell something to an American for that dollar. US banks can just mint that dollar from thin air
- ChuckNorris89 5y ago>? Well, if I want to buy an ice cream from the US for a dollar , I first need to sell something to an American for that dollar. US banks can just mint that dollar from thin air I don't get this argument as the reverse is also true. If the US wants to buy French cheese and wine, it needs Euros to do that and the ECB can just print Euros out of thin air.