this post was submitted on 03 Apr 2025
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I was thinking about it, and I think the only way they are harmed by the tariffs are if they are successful. If manufacturing was reshored to America, this would cause a massive swing back to industrial capitalism. With it, would come a kneecapping of financial capitalism, especially real estate speculation. Then of course there would be unions, a labor movement, etc etc.
Unfortunately, the rich will simply 'buy the dip' and make their money back and them some when the tarriffs go away. After draining workers' 401ks.
That's assuming it's a dip and not permanent.
Eh, when you have enough money to wait forever, every downturn is a dip
Comrade, someday all the dollars will turn to dust.
Fiat currency relies on belief.