2 ms·
The US economy is in a death spiral. It’s where the UK was after WW2: lost an empire, didn’t want to admit it or address it. The foundational jobs of the econo
by lowbloodsugar 6mo ago
The US economy is in a death spiral. It’s where the UK was after WW2: lost an empire, didn’t want to admit it or address it. The foundational jobs of the economy - blue collar work - are gone. There simply aren’t enough people with jobs at each layer to support the businesses and jobs in the next layer up. The US will discover its total inadequacy if it gets into a war with China. We just can’t build weapons as fast as they can because we can’t build anything any more. Currently they are building solar and EVs while we can’t pave our roads. If they wanted to switch to pumping out destroyers, missiles and drones, we would be out gunned very quickly.
These desperate attempts at passive income are simply another symptom of the absence of a functioning economy.
- watt 6mo ago> if they wanted to switch to pumping out destroyers, missiles and drones This is such a naive take. Nobody is coming to US to try to outgun you. The moment petrodollar wobbles, the moment US Dollar stops being the world reserve currency, the game will be over for you. You will discover what it really means to be competitive, once the world stops giving you goods essentially in exchange for glass beads.
- lowbloodsugar 6mo agoSure. If US leaders had sense, they wouldn’t engage adversaries they can’t beat. I’m not saying China will start this war. I’m saying China doesn’t need to. China can just watch it happen. Like the US watched the British in Suez. But the US might start something and that’s how they’ll discover they are the just the last of the failed empires. Pretty sure the current administrations end game here is copying North Korea. The rich have enough oil in Texas to perpetuate their lifestyle, while violently suppressing all opposition.