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So, since there's a lot of talk like this, how are we leeches? If anything, surely it's the Americans who are leeches, what with the fact that they're living o
by impossiblefork 9mo ago
So, since there's a lot of talk like this, how are we leeches?
If anything, surely it's the Americans who are leeches, what with the fact that they're living off software exports and monopolies as opposed to production of actual useful goods?
Do you think we didn't invest in our defence? Here in Sweden we put in 5% of GDP until the Soviet Union dissolved. It was pro-US politicians like Carl Bildt, a man who associated with US intelligence, who reduced defence spending. We had nuclear weapons and refrained from assembling them on a US request in return for being under your nuclear umbrella.
- AlotOfReading 9mo agoNot to take away from the larger point, but the US remains a manufacturing juggernaut compared to anyone that isn't China. It's still the #2 manufacturing nation in the world and produces more than the EU as a whole. It's just become a small aspect of a much larger economy.
- SpicyLemonZest 9mo agoI'm sure you mean well, but to make this comment at all takes away from the larger point no matter how you try to disclaim it. It's just not the time.
- hermanzegerman 9mo agoIt's just a small difference, so stay on earth (17.3 % Vs 17%)
- impossiblefork 9mo agoYes, but I think the US industrial output is overvalued. The US has a very small value of total exports, and this lead me to assume that the goods it makes a lot of are not always competitive on the international market even though they sell for a great deal in the US.