Perhaps we should stop dropping expensive bombs on innocent countries, giving Israel and Ukraine weapons and money and should dramatically cut our military budget, close bases, stop privatizing gov't services, super-tax the wealthy, close ALL tax loopholes and take many other actions that others have suggested.
According to Jeffrey Sachs, if I understood him correctly, our problem isn't a trade imbalance - it's the overspending by gov't. US corporations have made HUGE profits from selling these "cheap" products made in China. Putting a tariff on Chinese imports just hurts those Americans barely getting by which include many seniors. Walmart seems to be doing quite well. Americans can't even purchase cheaper Chinese EVs or even access their new AI product which is free.
It seems seniors and a large % of other Americans won't be able to afford a significant increase in the cost of living may be forced to sell their homes if they have one and may not be able to afford to rent.
It seems it may make sense to move to another country. Is there a reason not to?
Excellent concise explanation of reality. The only part I'm not quite clear on is why dollars will come flooding back to the US when global demand falls.
As countries and institutions shift away from using the U.S. dollar, its global demand will decrease. This will cause a currency sell-off. Reduced demand will prompt foreign holders of U. S. dollars and other dollar dominated assets to sell them. When this occurs, these sold dollars will flow back to the United States, as they are ultimately claims on U. S. assets and can be used to purchase U.S. goods services and investments.
Despite the benefits, most are likelier worse of than they otherwise would be had it not happened at all and the whole things has been dependent on a cruel and exrative planetary economic empire that had greatly inhibited the development of the "developing world". In the 1830s/1840s, after the initial pain of the depression, the system that the Supreme Epistemological Authorities (SEA) of the time -- who were remarkably similar to the SEAs of today, not just in style but even there arguments! -- said would certainly fail... worked, and moderated decentralization and deliberate redundancy happened. That could work again today. You allude to it when you mention communities. But another part of your essay, where you mention "wealth taxes or universal healthcare", while things like that can be good, the devils in the details, it turns out theres ways to do big policy that do both worlds: decentralization AND national frameworks. But its important not to just continues on with extreme concentration of power and decision making, regardless of who holds it, because thats what largely got us here in the first place and likely will just continue the incompetency and corruption
we will know we are serious about giving workers a meaningful life when we ban automation and AI except for specialized industries. Ending the Federal Reserve and banning money printing, and dismantling and defunding the deep state are also key. Entities like USAID exist to remove accountability from agencies like the CIA
Perhaps we should stop dropping expensive bombs on innocent countries, giving Israel and Ukraine weapons and money and should dramatically cut our military budget, close bases, stop privatizing gov't services, super-tax the wealthy, close ALL tax loopholes and take many other actions that others have suggested.
According to Jeffrey Sachs, if I understood him correctly, our problem isn't a trade imbalance - it's the overspending by gov't. US corporations have made HUGE profits from selling these "cheap" products made in China. Putting a tariff on Chinese imports just hurts those Americans barely getting by which include many seniors. Walmart seems to be doing quite well. Americans can't even purchase cheaper Chinese EVs or even access their new AI product which is free.
It seems seniors and a large % of other Americans won't be able to afford a significant increase in the cost of living may be forced to sell their homes if they have one and may not be able to afford to rent.
It seems it may make sense to move to another country. Is there a reason not to?
Excellent concise explanation of reality. The only part I'm not quite clear on is why dollars will come flooding back to the US when global demand falls.
As countries and institutions shift away from using the U.S. dollar, its global demand will decrease. This will cause a currency sell-off. Reduced demand will prompt foreign holders of U. S. dollars and other dollar dominated assets to sell them. When this occurs, these sold dollars will flow back to the United States, as they are ultimately claims on U. S. assets and can be used to purchase U.S. goods services and investments.
Despite the benefits, most are likelier worse of than they otherwise would be had it not happened at all and the whole things has been dependent on a cruel and exrative planetary economic empire that had greatly inhibited the development of the "developing world". In the 1830s/1840s, after the initial pain of the depression, the system that the Supreme Epistemological Authorities (SEA) of the time -- who were remarkably similar to the SEAs of today, not just in style but even there arguments! -- said would certainly fail... worked, and moderated decentralization and deliberate redundancy happened. That could work again today. You allude to it when you mention communities. But another part of your essay, where you mention "wealth taxes or universal healthcare", while things like that can be good, the devils in the details, it turns out theres ways to do big policy that do both worlds: decentralization AND national frameworks. But its important not to just continues on with extreme concentration of power and decision making, regardless of who holds it, because thats what largely got us here in the first place and likely will just continue the incompetency and corruption
Thanks for the feedback
we will know we are serious about giving workers a meaningful life when we ban automation and AI except for specialized industries. Ending the Federal Reserve and banning money printing, and dismantling and defunding the deep state are also key. Entities like USAID exist to remove accountability from agencies like the CIA