How the U.S. Engineered Its Sovereignty
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Re: How the U.S. Engineered Its Sovereignty
#22There is a concerted attempt to rewrite history on slavery. You will hear things like "slavery was an economic drain" or "slavery was inefficient" or even "it was technology like the cotton gin that created wealth, not slavery". All of it's nonsense [1].
It's true that industrialization (particularly the railroad ans mass production of steel) was a huge driver in the mid-19th century but what really kicked the US into high gear was war [2].
It's true that material conditions and real wages started stagnating in the 1970s but this piece writes that off as Wall Street shenanigans. This was a political goal to break organized labor. We had McKinsey producing reports to argue that executives were "underpaid" [3]. The post-war era went from a marginal tax rate of 91% and the CEO to median worker ratio went from 21:1 in 1965 to 351:1 in the 2020s [4]. But also the post-war economy shifted from housing being a utility to being a speculative asset. The median house price went from $18,000 to $26,000 between 1953 and 1973 (in nominal terms) [5] and decreased in real terms. And, well, we know what's happened since.
But what's less well-known is the link between money going into housing and decline in manufacturing. That's not an accident. Why invest money and run a factory when sitting on a house produces a 7%+ real returns that are government-protected?
As for the whole "right to repair" bit for tractors and the like, yeah, companies engage in rent-seeking behavior in a capitalist mode of production. Film at 11.
[1]: https://equitablegrowth.org/new-research-shows-slaverys-cent...
[2]: https://laraballard.substack.com/p/how-the-us-became-the-wor...
[3]: https://observer.com/2013/08/the-godfather-of-ceo-megapay-mc...
Re: How the U.S. Engineered Its Sovereignty
#23Earlier quoted context omitted.
With shitty climates. The surface area of optimal climate in the US is likely larger than that of all the countries you've named combined. What's optimal? For example in Canada most farmed areas yield only one harvest per year. And most of the land is barren wasteland. You have some of it as well, but it's not the majority of the territory.
Geographic determinism is one of those theories that explains everything after the fact and predicts almost nothing
Re: How the U.S. Engineered Its Sovereignty
#24Re: How the U.S. Engineered Its Sovereignty
#25"In 1839 [...] the United States had already defeated Britain’s navy in two wars" This statement is wrong and trivially falsifiable. Perhaps the author meant that the U.S. had by that point won some naval battles against the British?
Which is a shame because the role of the Colonial Navy and later the U.S. Navy in the war of independence and later in the War of 1812 is actually fascinating and often overlooked
John Paul Jones, for example had an amazing (as in interesting, not 'goodly') life ( https://en.wikipedia.org/wiki/John_Paul_Jones )
And the Battle of Lake Erie https://en.wikipedia.org/wiki/Battle_of_Lake_Erie
Re: How the U.S. Engineered Its Sovereignty
#26Earlier quoted context omitted.
Argentina seems like a counterexample here: the Pampas are one of the world's major temperate agricultural regions.
Argentina's arable land is just 27% of what the USA has. Fact-checking myself... the USA has more arable land than Canada, Australia and Argentina combined. Russia has a lot, but the USA has the most. https://en.wikipedia.org/wiki/List_of_countries_by_arable_la... Not sure where to find an aggregate growing days figure, but there's clearly less of them per arable surface area in Canada compared to the USA.
Re: How the U.S. Engineered Its Sovereignty
#27Earlier quoted context omitted.
Argentina's arable land is just 27% of what the USA has. Fact-checking myself... the USA has more arable land than Canada, Australia and Argentina combined. Russia has a lot, but the USA has the most. https://en.wikipedia.org/wiki/List_of_countries_by_arable_la... Not sure where to find an aggregate growing days figure, but there's clearly less of them per arable surface area in Canada compared to the USA.
The thread was about climate. US is 3.5x greater than Argentina.
Re: How the U.S. Engineered Its Sovereignty
#28In 1939 the US had an outdated navy, army, and air corps. European instability is the direct cause of the change in US military and economic dominance.