Replies (49)
"chatgpt, how do I dampen an escalating trade war"
A reset, you say? Perhaps a great reset? 👀
US policymakers are not the “us” obviously
China and US policymakers were ripping off small businesses and the workers of this country. You know the people that voted for Trump because no one else gave a shit about them.
China has also stolen billions worth of IP. It’s a gaslight if you’re a rent seeker elite. That’s who was screeching about the tariffs.
We did get ripped off... By the politicians...
Well
Your life is way cheaper than it would have been otherwise
Yes
Don’t make me tap the sign. lol
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At what cost? There’s no free lunch
Who needs a thriving society that makes stuff when you have really cheap TVs from Asia instead?
And who voted them into office...?
Democrats, Clinton was the main architect here
Public school attendees mostly.
ie the people. The people who have gone through a system designed to make them vote against their best interests.
Given enough time, the trade war will 'dampen' as you say to non existent, but this is always due to a hot war commencing.
I vaguely remember a speech from Friedman where he compared producers and consumers view.
when you have a household is it better to for you to get more things in then you have to give out?
It's the Chinese people who got ripped off.
They became slaves to the US while their Govt accumulated gold & embedded their social control system.
You should've outsourced this post to an Indian call center.
We (regular American and Chinese people) have been getting ripped off. They (American and Chinese ruling class) have been ripping us off. The issue is the statist linguistic trick of getting regular people to identify with the regime.
Bingo
Isn't a reduction in the production cost of things in the CPI automatically matched by enough money-printing, to hit the 2% inflation target?
Yes but our cost of living are disproportionately lower than the rest of the world because of us debt expansion. It's why the global south is still largely undeveloped in the modern age.
I beg to differ
This deserves negative zaps
Satosha
The trouble with China is not #Trump .. it is that they have already printed more than USD ..in USD terms .. almost double ..
How much ?
#askNostr
When you print , you make your rich richer cuz exports become more profitable.. but to save the poor from absolute poverty , you need to institute social policies .. such policies ultimately hollow the middle class .. that is chinese problem ..they have super rich flaunting west .. and super poor slaved to state .. this situation always leads to violence ...
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No, that's upside down. China never got out from under its 1 child policy demographic tyranny. Then Maurice Strong fled there and managed the global warming hoax that saw the first tranche of outsourced manufacturing/ energy resource under the Kyoto Protocol in '97. Have you ever done business with Chinese companies? No intellectual copyright and they just simply steal your product. China every bit a perpetrator not a victim.
The point is the American side of the equation was designed and intentional
take IT back to source*/*
Well said
EXACTLY
The upper class completely sold this country out a long time ago. We barely make anything here anymore
Yep, we gotta start making things other than bombs for israel lol
Exactly lol
I agree. If the US government had used the tens of trillions of dollars spent on the military-industrial complex and wars to invest in manufacturing infrastructure, manufacturing industry upgrades, and labor rights, the US would have remained the world's largest manufacturing power. China has invested all its money in upgrading its infrastructure over the past few decades.
There's no conflict between investing in manufacturing and investing in military.
Agreed, we got the petro-dollar in return. The world hasn’t been cruel to the US.
Funds are limited and money doesn't lie. Investing in war is different from investing in infrastructure. Infrastructure benefits everyone, while war benefits only a few people.
It's actually not different as military tech advances drive infrastructure investment. The Autobahn, for instance, was invented to move tanks. The Romans built sturdy roads and bridges, and invented logistics, to move their armies faster. AI, satellite, and drone tech is advancing so quickly because of the Ukraine war. A lot of medical advancement comes from battlefield hospitals.
And etc. Even a lot of seemingly peaceful advancement, like Bitcoin and Nostr, are effectively a form of libertarian insurrection or covert guerilla warfare. Peacetime doesn't lead to invention or infrastructure improvements, it leads to widespread sloth, atrophy, and decadence.
That's where the "hard times make strong men" meme comes from. Those who fight, build. There are only the quick and the dead.
I assume your keys have been stolen. Probably by Otto von Bismarck?
This is so "that which is seen, and that which is not seen"
What about the opportunity costs, capital consumption, distruption, capital misallocation, and many more negatives of war/fight.
In peacetime, entrepreneurs (and capital) are far more likely to focus on long term investments, research and development.
It's capital accumulation which leads to longer more complex production structures (and innovation/inventions).
And consumers will have more income and will look for new and improved products. Those are again incentives for entrepreneurs.
I'm quite sure this is not exhausted list by far.
Wrong! They were for cheap labor, but they were not for giving the IP to China, while China stole and pillage the ideas of American people. They never signed the contract to hand over the intellectual property, but the gangs of China bullied their way through.
I never said that there was no downside to war. Just that major innovation shifts tend to happen during some sort of conflict, so that war industry and industry aren't in conflict.
Totally. Whole thing is cringe
All of these things you are talking about are only for the war effort. These are only for a small part. There are some valuable things in war, but the real innovation and infrastructure are obtained from civilian use. I know what you mean. But you may not understand what it means to invest in a country's infrastructure for the time being.
I actually work on big, nationally-significant infrastructure projects and they're always short of funds because peacetime governments prefer spending the money on welfare and companies see maintanence as nothing but a cost center.
Bridges only get fixed, if someone needs to drive tanks over them, and then they get fixed in record time and at any price.
This is a tragedy. These tanks and artillery will only go to Vietnam, Iraq, and other war-torn countries. These funds will only build bridges and roads in those countries, not in the United States. These bridges and roads will eventually be destroyed by war. The money used to produce planes, artillery, and bullets will only go into the pockets of a few people in the military-industrial complex.
The tens of trillions of dollars spent on foreign wars in recent decades have been exchanged for planes, tanks, artillery, and bullets. If these expenses were exchanged for student education funds and infrastructure construction expenditures, the problem of insufficient funds you mentioned could be solved quickly.
I don't live in the United States. I'm referring to the crumbling German bridges and trains going off of rails, while a third of the federal budget goes to unemployed and retirees.
NA BIT-ing *B*ait -_o 'O';.;'O'*****/how r *U* thIZ lovely\/\/ay*/*ya
The same sadness. Tanks were unable to roll over every bridge and road in the German countryside.
Don't know if that's true.
I quite sure, however, that all that innovation was at expense of something people actually wanted. Misallocated and perhaps wasted.
