35
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Jun 2025
35 points (100.0% liked)
Economics
2060 readers
31 users here now
founded 5 years ago
MODERATORS
The damage has been done. 1-2 generations are affected by it. Education and health declines with it. And with it the possibility to be anything else than just raw factory resources. So in that sense, China and the US switched places. Hard reforms will come next to stabilize the US Dollar, including tax increase. This will make investors look for new waters. All the money basically gone and it will take decades to recover.
China and the US are not switching places. China's growth strategy does not rely on maintaining underdevelopment. Until the US and its allies are able to deal with the problem of the international ruling class in their country, they will decline along with the neocolonial system. Their elite will attempt to make them pick up the slack while also paying into debts, education, inflated housing prices, absurd transit situation, and the bloated financial service economy
Out of all countries, only the US has this kind of a problem. If there would be a similar to the US president in France, the whole country would look like LA times four. Everything would burn. All of Europe has learned how to deal with the ruling class, because history has taught us. The US just has to go through a few more civil wars.
That's not true, unfortunately. Europe is firmly locked into the US system, and French pension protests haven't done a thing about it. It's not for lack of intensity, but lack of organization to receive the political pressure and transform it into results. You're not going to reform your way out of the dictatorship of the bourgeoisie, and the changes I am talking about fall under "security concerns". You are a vassal state of the US. South Korea and Japan have been less compliant than you.