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submitted 2 years ago by yogthos@lemmy.ml to c/news@hexbear.net

Bloomberg publishes an article by the famous historian Neil Ferguson “Any great power that spends more on interest payments on its debts than on defense will very soon cease to be great,” writes Ferguson. He notes that, unlike the first Cold War and the war on terror, the United States does not want to send its soldiers anywhere, limiting itself to the supply of weapons and money.

https://archive.ph/EEFup

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[-] BynarsAreOk@hexbear.net 21 points 2 years ago

People who are consistently wrong about everything just happened to say something we like to hear case #152621647.

[-] 420blazeit69@hexbear.net 20 points 2 years ago

“Any great power that spends more on interest payments on its debts than on defense will very soon cease to be great,”

Total bullshit given the context of MMT and the accompanying willingness to spend anything (far in excess of any other country) on the military.

Be careful speaking out of school, kids.

unlike the first Cold War and the war on terror, the United States does not want to send its soldiers anywhere

Now this is a worthwhile observation, but a very superficial one. Some of the biggest "successes" for the U.S. in the Cold War came where troops were not ultimately needed -- we just helped install a dictator and then gave them assistance and political cover while they murdered all their left wingers. Besides, Vietnam and Korea (as well as Iraq and Afghanistan) can hardly be viewed as wins themselves.

[-] carpoftruth@hexbear.net 10 points 2 years ago

Yes, the gig economy of subaltern imperialism is the way to go. See ukraine, Israel, Kenya, non-taliban-Afghanistan, Niger before the relations with the US collapsed, Taiwan, Philippines, Republic of Korea, use of Blackwater in Iraq - contractors are the way to go.

[-] redline@lemmygrad.ml 19 points 2 years ago

Fuck Niall "empire was fine actually" Ferguson

snyder seems stupider but i reckon ferguson knows he's laundering neo-imperialism and just doesn't care

this post was submitted on 26 May 2024
50 points (100.0% liked)

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