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Trump: "China intelligently went in and they sort of took a monopoly of the world's magnets. Nobody needed magnets until they convinced everybody 20 years ago, 'let's all do magnets.'" (Video) (xcancel.com)

submitted 1 month ago by SexUnderSocialism@hexbear.net to c/chapotraphouse@hexbear.net

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michael-laugh

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[-] queermunist@lemmy.ml 44 points 1 month ago

Funnily enough he's actually describing a process inherent in capitalism - the creation of new markets and new demands and new needs. No one needed electricity until it was available, and then suddenly everyone needed it.

[-] purpleworm@hexbear.net 18 points 1 month ago

Electricity has irreplaceable uses though. Some things are virtually useless, like teeth-whitening, but (among other factors) capitalists use advertising to make it so what is otherwise looking normal is now sub-standard.