For real. The rest of the world needs to get their shit together and cripple the US. Cease all trades immediately, end all alliances with the US. The US has the largest military in the world, and now the facists have the reins entirely. They have the oval office, the have the house, they have the Senate and they have the supreme court. The entire world is going to suffer because of this election.
US politics have gone to dangerous direction for decades. Orange freak is only a symptom. US is gonna become Russia level cleptocracy and when climate crysis hits fully, world will be more separated and chaotic than ever.
Yeah, this recent election shows how far gone my country really is. But unfortunately it’s also the golden opportunity facists have been working towards for a long time.
The United States, China, etc. all have trade policies that are fundamentally unsustainable and result in persistent trade imbalances.
This causes all sorts of poor economic outcomes for large sectors of those countries. For example, an anaemic household sector in China and over investments in housing, huge private and public sector deficits in the United States, etc.
In the free market world of Adam Smith and comparative advantage, persistent trade imbalances should not exist.
Over the medium to long term, imports are meant to pay for exports.
If there are persistent trade imbalances, it means there is persistent under consumption (China) or over consumption (United States).
Note: This is not just limited to these countries.
At some point, there is going to be an economic crisis because it can’t continue forever.
For real. The rest of the world needs to get their shit together and cripple the US. Cease all trades immediately, end all alliances with the US. The US has the largest military in the world, and now the facists have the reins entirely. They have the oval office, the have the house, they have the Senate and they have the supreme court. The entire world is going to suffer because of this election.
US politics have gone to dangerous direction for decades. Orange freak is only a symptom. US is gonna become Russia level cleptocracy and when climate crysis hits fully, world will be more separated and chaotic than ever.
Yeah, this recent election shows how far gone my country really is. But unfortunately it’s also the golden opportunity facists have been working towards for a long time.
There may not be any need for that.
The United States, China, etc. all have trade policies that are fundamentally unsustainable and result in persistent trade imbalances.
This causes all sorts of poor economic outcomes for large sectors of those countries. For example, an anaemic household sector in China and over investments in housing, huge private and public sector deficits in the United States, etc.
In the free market world of Adam Smith and comparative advantage, persistent trade imbalances should not exist.
Over the medium to long term, imports are meant to pay for exports.
If there are persistent trade imbalances, it means there is persistent under consumption (China) or over consumption (United States).
Note: This is not just limited to these countries.
At some point, there is going to be an economic crisis because it can’t continue forever.