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   armpit licker feet smeller (tiskaan@fedi.layer02.net)'s status on Monday, 05-Feb-2024 02:37:03 JST armpit licker feet smeller

   • Sexy Moon
   @Moon dont people blme this on gold not being the backed standard anymore lol
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     Sexy Moon (moon@shitposter.club)'s status on Monday, 05-Feb-2024 02:37:02 JST Sexy Moon

     in reply to
     @tiskaan I don't know what the tradeoffs are. I'm not smart
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     Sexy Moon (moon@shitposter.club)'s status on Monday, 05-Feb-2024 02:50:46 JST Sexy Moon

     in reply to

     • 🍉 estoy desesperada grabando acá con jota 🍉
     @mapachin @tiskaan arguably going off the gold standard is "deregulation"
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     🍉 estoy desesperada grabando acá con jota 🍉 (mapachin@novo-atlantis.null.media)'s status on Monday, 05-Feb-2024 02:50:47 JST 🍉 estoy desesperada grabando acá con jota 🍉

     in reply to

     • Sexy Moon
     @tiskaan @Moon imo it has to do with deregulation & hypercapitalism starting in the regan era. Dodge v. Ford. and basically the American business man "taking matters in to their own hands" after the catastrophic failure of anti-communism in the far east. which is hilarious, because they played right into China's hands with that one.
     
     you should compare this graph to US v. China GDP growth for the last 100 years or so. which, imo, also is part of the reason that right wing populism is growing so much rn. the US fash are being forced to reckon with their own limits and they hate it. there's nothing left to plunder except their own coffers.
     
     i might be off on some details, but this is the general vibe i get.
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     🍉 estoy desesperada grabando acá con jota 🍉 (mapachin@novo-atlantis.null.media)'s status on Monday, 05-Feb-2024 03:41:36 JST 🍉 estoy desesperada grabando acá con jota 🍉

     in reply to

     • Sexy Moon
     @tiskaan @Moon
     
     The US couldn't dominate the far east militarily and Chinese industry gave shareholders an easy way to lower costs by outsourcing to make their companies look more profitable. Deregulation led to a highly financialized economy where everything (especially tech) runs on cheap debt and outsourcing.
     
     During the same timeframe US wage growth is pretty much flat and wealth inequality increased dramatically. Basically all US manufacturing is done in China by proxy these days. This represents a massive transfer of wealth from the working class to to upper class in the US, and a huge economic opportunity for China.
     
     Maybe when I'm on my computer later I can try to explain better.
     Sexy Moon likes this.
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     armpit licker feet smeller (tiskaan@fedi.layer02.net)'s status on Monday, 05-Feb-2024 03:41:37 JST armpit licker feet smeller

     in reply to

     • Sexy Moon
     • 🍉 estoy desesperada grabando acá con jota 🍉
     @mapachin @Moon
     >imo it has to do with deregulation & hypercapitalism starting in the regan era. Dodge v. Ford. and basically the American business man "taking matters in to their own hands" after the catastrophic failure of anti-communism in the far east. which is hilarious, because they played right into China's hands with that one.
     
     can you explain why? it doenst have to been indeoth but like a simple cause and effect in regards to yout theory.
     
     >you should compare this graph to US v. China GDP growth for the last 100 years or so which, imo, also is part of the reason that right wing populism is growing so much rn. the US fash are being forced to reckon with their own limits and they hate it. there's nothing left to plunder except their own coffers.
     
     im sorry i need more explanation.
     
     im not trying to arguebi just want somewhat understand what you mean