this post was submitted on 15 Oct 2023
50 points (100.0% liked)
Comradeship // Freechat
2159 readers
110 users here now
Talk about whatever, respecting the rules established by Lemmygrad. Failing to comply with the rules will grant you a few warnings, insisting on breaking them will grant you a beautiful shiny banwall.
A community for comrades to chat and talk about whatever doesn't fit other communities
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It certainly made capitalism more stable for a while, but once the US runs out of imperial power and those trillions of dollars in debt aren’t backed by any real goods they’ll get in deep trouble.
Yes. The trillions of US dollar-denominated debt can always be paid, so the collapse won’t come from that directly. But imperial power is fading and attempts to retain/regain it seem to be accelerating that. The Biden admin. factions that are attempting re-industrialization are at odds with the FIRE factions, and when the Republicans get back in power, they’re unlikely to do any better. What do we make now but dollar-denominated loans and expensive, underperforming weapons?