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Thomas Piketty: 'The reality is the US is losing control of the world'

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Re: Thomas Piketty: 'The reality is the US is losing control of the world'

#22
post #4

Largely the US isn't losing control, it's giving it up willingly. For what reason, no one knows yet.

The America First agenda is predicated by isolationism. You have a demagogue with whom nobody is willing to say "no" and an army of self serving sycophants lined up to try and win favors. The political messaging is all built around zero sum language and arguments, and toughness is demonstrated by punitive measures taken against any allies deemed "weaker" than the U.S. (basically everyone). Those who know where this w…

> Those who know where this will lead are unwilling to speak up and the rest follow.

They did speak up. And they lost the popular vote. Democracy is only as good as its voters. A country is only as good as its people. Replace good with productive/sane/not corrupt, etc.

Re: Thomas Piketty: 'The reality is the US is losing control of the world'

#23

The real problem is not the US no longer being the influence it was for "the west" (to simplify). The real problem is, what takes the space the US previously filled and still partly/mostly fills. The US are by no means innocent of terrorism and invasion of other countries, but at least with countries commonly counted as "the west", the US was a friendly nation. If we have the likes of terrorist states like Russia tak…

>The US are by no means innocent of terrorism and invasion of other countries, but at least with countries commonly counted as "the west", the US was a friendly nation.

>If we have the likes of terrorist states like Russia taking over, then we got some very dark times ahead of us.

Did you seriously write these two sentences one right next to the other and not see the hypocrisy in what you're saying?

Re: Thomas Piketty: 'The reality is the US is losing control of the world'

#24

The real problem is not the US no longer being the influence it was for "the west" (to simplify). The real problem is, what takes the space the US previously filled and still partly/mostly fills. The US are by no means innocent of terrorism and invasion of other countries, but at least with countries commonly counted as "the west", the US was a friendly nation. If we have the likes of terrorist states like Russia tak…

I agree with your first point. The alternatives are a lot worse. its not going to be Russia (its not got the economy to do it) but China.

> The US are by no means innocent of terrorism and invasion of other countries, but at least with countries commonly counted as "the west", the US was a friendly nation.

And in most of Asia too where China is a very immediate threat.

> Even worse, if the right wing and right extreme talking points and policies in the US don't stop, we might face the (still) strongest military on the planet becoming the arm of a fascist state

That seems alarmist to me. Nationalist policies and rhetoric (and I have lived with worse than the US) do not lead to fascism that easily, especially when you have strong institutions.

Re: Thomas Piketty: 'The reality is the US is losing control of the world'

#25
The US will try to avoid this by privatizing the Fed through stablecoins, but I predict this backfiring massively. Private creation of money will likely tank the world economy worse than 2008 and in the rubble a new order will form without the US at the center.

Re: Thomas Piketty: 'The reality is the US is losing control of the world'

#26
post #15

Thank god. I don't understand how we, as in humanity, allow a single country to be "world police". Seriously, no one asked for it.

100%. They should just step aside and let all those theocratic shit holes arm them selves with more nuclear weapons and wipe each other out. Problem sorted.

Of course you might get a bit of radioactive dust blow over the sea for a few hundred years but totally worth it.

Re: Thomas Piketty: 'The reality is the US is losing control of the world'

#27
post #15

Thank god. I don't understand how we, as in humanity, allow a single country to be "world police". Seriously, no one asked for it.

In 1944 huge numbers of people, from a large number of countries, asked for a hegemonic world police stemming from a sole hegemon:

https://en.wikipedia.org/wiki/Bretton_Woods_Conference

We don't know much of it anymore with the decline of Europe, but for several centuries the dominant geopolitical goal of most countries on Earth was to defend themselves from European invasion. Why do you think every incremental ratchet step on the gear of Germany rearming in the last three years has been taken as serious headline news by so many?

Re: Thomas Piketty: 'The reality is the US is losing control of the world'

#28

Lol, the US deficits are what sustains the production of demand stricken surplus economies. Everything that has happened is the ultimate result of surplus countries doubling down on mercantalist investment than growing internal consumption. If a rebalancing were to occur, it is the surplus countries hit with mass unemployment that will hurt much more than deficit countries that can move production back at a much quic…

So, America is great at consuming, but if ratio of debt to GDP continues to grow, it's unsustainable for the U.S. Sure, China needs the U.S. to be a major customer, but it doesn't seem like things can continue as they're going now, especially as the willingness to ignore the extremity of the debt is largely based on good faith and credibility.

Re: Thomas Piketty: 'The reality is the US is losing control of the world'

#29
post #15

Thank god. I don't understand how we, as in humanity, allow a single country to be "world police". Seriously, no one asked for it.

100%. They should just step aside and let all those theocratic shit holes arm them selves with more nuclear weapons and wipe each other out. Problem sorted. Of course you might get a bit of radioactive dust blow over the sea for a few hundred years but totally worth it.

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