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submitted 3 days ago by yogthos@lemmy.ml to c/economics@lemmy.ml
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[-] pinball_wizard@lemmy.zip 9 points 3 days ago

This is good awareness to raise. The US can and should do better, on this metric.

Needlessly leaving people in poverty isn't just unethical, it's foolish.

[-] WizardOfLoneliness@hexbear.net 12 points 3 days ago

ok but the reason this is happening is because the communists liquidated the bourgeoisie

J/s don't just vaguely support outcomes, support the steps needed to achieve them

[-] pinball_wizard@lemmy.zip 1 points 3 days ago

don't just vaguely support outcomes, support the steps needed to achieve them

Some of us need to start by building agreement on the outcomes.

[-] Cowbee@lemmy.ml 7 points 3 days ago

Most people agree poverty is bad, and less poverty is good. The real essense of the conversation is on what steps to take. Simply having a desire for an outcome doesn't bring it about, but, say, using a Socialist economy to target poverty as something to be eliminated via key infrastructure development, job creation, and social services, as China has done, does.

[-] pinball_wizard@lemmy.zip 0 points 3 days ago

People need effective, enforced, predictable laws that target infrastructure development, job creation, and social services.

Americans are deeply indoctrinated against "socialism".

We're better of calling any planned reform a regulated law bound economy with targets for equitable opportunities.

The billionaires will hate it just as much, but the rest of the population might have an easier time considering it.

[-] Cowbee@lemmy.ml 7 points 3 days ago

My point is that what should happen in an ideal world doesn't necessarily happen. We can't get the DNC to transition to a Socialist platform, their donors are the bourgeoisie. Even if 90% of USians support Socialism, ie an economy where public ownership is the principle aspect, without siezure of the state and replacing with a proletarian-run state, such a re-orientation of the economy is impossible. The policy in bourgeois republics reflects the will and needs of Capital, and by extension the acolytes that worship it, the bourgeoisie.

[-] LENINSGHOSTFACEKILLA@hexbear.net 10 points 3 days ago

Not as long as America remains capitalist, it can't and won't.

[-] zr0@lemmy.dbzer0.com 3 points 3 days ago

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.

[-] tastemyglaive@lemmy.ml 2 points 3 days ago

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

[-] zr0@lemmy.dbzer0.com 1 points 3 days ago

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.

[-] tastemyglaive@lemmy.ml 1 points 3 days ago

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.

this post was submitted on 11 Jun 2025
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