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I feel like on the one hand you're exactly right that this is kind of like a cold war level investment... and it's not necessarily being pursued through a busin

I feel like on the one hand you're exactly right that this is kind of like a cold war level investment... and it's not necessarily being pursued through a business return lens; something deeper and more visceral is driving it. However your conclusions are what throw me off.. you kind of have this Doom and Gloom mindset which may be fair but I don't really think it's related to this particular bubble.. in other words our decline is happening off to the side of this particular bubble rather than it being caused by that particular bubble too. To me the core take away your post is that this bubble is a little bit like the Apollo program was... in a massive investment capturing a lot of people's imagination... likely lots of great things come out of it in a sense but also not clear that it all adds up in the end for a business perspective. But that's potentially okay

CuriouslyC 1y ago
That would be my take under different circumstances as well, but there are two key differences in this situation: 1. The debt bomb. Not dealing with this could cause a great depression by itself. Having it go off at the same time as we're underwater on bad capex with a misaligned economy could produce something the likes of which we've never seen. 2. We have an authoritarian president that has effectively captured the entire government, and the window to prevent consolidation of power is closing rapidly. Worse, he's an ego driven, reckless, ham-fisted decision maker with a cabinet of spineless yes men.
- mitthrowaway2 1y ago
  Are you sure the debt bomb is a bomb? Private debt can be a major concern, but government debt may not work the way you think it does. In fact, the great depression was preceded (and possibly in some ways triggered) by a significant paying down of public debt, counterbalanced by an increase in private debt that kept the money supply growing through the roaring 20s.
  - CuriouslyC 1y ago
    I understand the Keynesian dynamics of maintaining money velocity through government spending, but it's a balancing act, and I'm pretty sure we're way off balance now.

CuriouslyC 1y ago

That would be my take under different circumstances as well, but there are two key differences in this situation: 1. The debt bomb. Not dealing with this could cause a great depression by itself. Having it go off at the same time as we're underwater on bad capex with a misaligned economy could produce something the likes of which we've never seen. 2. We have an authoritarian president that has effectively captured the entire government, and the window to prevent consolidation of power is closing rapidly. Worse, he's an ego driven, reckless, ham-fisted decision maker with a cabinet of spineless yes men.

mitthrowaway2 1y ago
Are you sure the debt bomb is a bomb? Private debt can be a major concern, but government debt may not work the way you think it does. In fact, the great depression was preceded (and possibly in some ways triggered) by a significant paying down of public debt, counterbalanced by an increase in private debt that kept the money supply growing through the roaring 20s.
- CuriouslyC 1y ago
  I understand the Keynesian dynamics of maintaining money velocity through government spending, but it's a balancing act, and I'm pretty sure we're way off balance now.