• 5 Posts
  • 229 Comments
Joined 1 year ago
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Cake day: November 19th, 2023

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  • if the government is in control of the magic money printer then idk i would argue that yes not only are income taxes unnecessary and bad but also the only real point they end up serving is as pointless shit for people to argue over.

    This is just not true. A government that employs 20% of the nation’s labor is taxing 20% of the nation’s economic potential. No amount of financial hand waving about money printing vs income taxes vs sales taxes will change this at all. You’re paying for the government no matter what.










  • When has Trump being some geo-political mastermind able to bully other countries into submission been anything but a conservative fantasy?

    You don’t have to be a geo-political genius to do anything if this. Trump’s strategies are crude, but they work because the Europeans are vassals of America.

    To say that they don’t have the ability to resist just giving away their industries is bizzare.

    It’s not as if they are going to airlift their factories and plop them onto America. However, Europeans are panicking over these tariffs and are even trying turn towards china to get access to markers. If Europeans fail to gain Chinese favor, their industrial decline will further accelerate and American capital will be rid of a competitor capital. It could then expand even further into Europe (American FDI is already 1/3rd the size of the European stock market).

    but it’s not in any danger of collapsing anytime soon. To say otherwise just feels like wishful thinking.

    I would respectfully disagree. The foundations of the EU have been rapidly rotting ever since covid (and were slowly rotting since the GFC). After the crises in 2008, 2014, then 2020, then 2022 (ukraine and nordstream), there are only so many shocks that the EU can take before the populists dismantle it.


  • Tell them to just tank their economies and ruin their capitalist class and that speech switches to the importance of nationalism and self-sufficiency in a heartbeat.

    They can and are switching to talk of nationalism and self-sufficiency. They don’t have the slightest ability to back it up at all. And experience shows that Trump gets what he wants while liberals and Europeans fold like paper, because neither of them are willing or capable of building the infrastructure necessary to actually be self sufficient and fight against Trump’s erratic bullying. There is a very real possibility that America plaza accords the EU because just like Japan, a vassal state does not have the right to pursue a genuinely nationalistic path (not that I would prefer European nationalism).

    In fact, if the EU wanted to pursue actual self sufficiency, they would have started 10 years ago, abandoned neoliberalism and implemented a comprehensive industrial policy (while developing European alternatives to American tech). Instead, we are seeing a wide spread austerity and de-industrialization program unprecedented since the thatcherism.



  • “We are fast approaching temperature levels – 1.5C, 2C, 3C – where insurers will no longer be able to offer coverage for many of these risks,” he said. “The math breaks down: the premiums required exceed what people or companies can pay. This is already happening. Entire regions are becoming uninsurable.” He cited companies ending home insurance in California due to wildfires.

    This is either a call for governments to start subsidising insurance premiums, or a way of grabbing attention to the risk management company this guy is part of. His entire analysis for why climate change will make capitalism enviable is that insurance premiums will rise too much. But not being able to afford insurance is the last thing you will notice after having your food production and energy systems decimated.


  • Keynesian economics is a relic of the past. It worked in the past when the profitability of western economies was much higher. However, the rapid accumulation of capital during the Keynesian period also tanked western profitability, leading them straight into neoliberalism.

    Keynesian economics feels more left to us today because social democrats want a return to keynesianism. In the same way, there are elements of feudalism that may seem “left-wing” to us today, such as the fact that peasants got more days off and took better care of the environment.

    Keynesianism is not left-wing though. It was supported in the past by conservatives because it advanced the interests of capital. Keynesianism created an economy in which capitalists could grow very wealthy very quickly, and the western imperialists could accumulate large quantities of advanced weapons. That period however, is over. What advances the interests of capital today is different from what advanced them in the past. So conservatives have changed.



  • how the state suppresses their people with a social credit system

    Lmao. The “social credit system” which literally never existed and even western media admitted was a misunderstanding (there was a credit system in place for scoring businesses which failed to pay debts in time). All the while in the capitalist-imperialist countries, one’s financial credit score determines their ability to buy a house or car.

    This level of arrogant-ignorance is something you can only find amongst true Europeans. Even Americans are known to be more critical of their propaganda narratives.