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You guys get that the term ‘free market’ was used to describe markets free from economic rent, right? You guys seriously need some readings in economics in ord
by cced 3y ago
You guys get that the term ‘free market’ was used to describe markets free from economic rent, right?
You guys seriously need some readings in economics in order to understand the position you’re in. You’ve allowed your rentiers to deindustrialize your country to chase profits in the global south.
What do you guys think you’re getting for your deindustrialization? Financialization. What does that mean? It means you’re getting, in large part, the benefits from your first paragraph – and associated rents.
But yeah, Chinese propaganda and such and such is easier to sell.
- infamia 3y ago> What do you guys think you’re getting for your deindustrialization? It is a myth that the U.S. has deindustrialized. The value of manufactured goods in the US has markedly increased over the decades. It has only ever dropped significantly during recessions. https://fred.stlouisfed.org/series/SLMNTO02USA189N https://fred.stlouisfed.org/series/SLMNTO02USA189N
- cced 3y agoNot sure how you can possibly claim that deindustrialization is a myth amidst constant talk of reshoring industry. It is no secret that manufacturing was moved to Asia and you’re presenting figures of “sale values”. What does this say of the industries? What is the production like? What is meant by manufactured? Is this inflation adjusted? Value is up but what about throughput? What is being produced and who is buying it? Manufacturing employment has been falling for over 40 years [1]. We live in a service oriented consumption based economy. [1]: https://www.bls.gov/opub/btn/volume-9/forty-years-of-falling-manufacturing-employment.htm https://www.bls.gov/opub/btn/volume-9/forty-years-of-falling...