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

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51–60 of 212 posts

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

#51

"The Iraq War, launched in 2003 – resulting in over 100,000 deaths" Isn't this an extreme low-ball estimate?

Not really, it’s the lower end of what we can be confident about from direct evidence per things like the Iraq body count project. There are statistical estimates that are higher but they have very large error bars. Over 100k is completely defendable and plenty high that any reasonable person should be horrified by it!

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

#52
post #4

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

I think the US is giving up control willingly and turning more isolationist. It has been building for some time but I do not thing it is forced. It is a deliberate policy shift turning away from trying to control and police the world. America is pushed in and on to other countries and societies that a retraction might be the best thing

The US is currently starting a war with Venezuela. You are ascribing coherence and deliberateness where I don’t see evidence for its presence.

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

#53

There's a very real chance the USA will get lucky and find a new means of economic domination through its AI companies and the looming space build-out. Its self-destructiveness right now, flouting longstanding alliances and truckling to its enemies, would ruin it in any other moment in its history. But in these unusual circumstances, it might not matter.

Nah, AI is a massive money pit, and Starship has proven to be a dead end. The real tech revolutions of the moment are in energy production and storage and health care advances like mRNA and GLP-1. The US is actively self-sabotaging on both energy and health care at the moment.

In what specific way is the United States self-sabotaging on GLP-1s? Is the current Republican administration against them? I’m confused.

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

#54

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…

It's a trade imbalance. They send stuff out, they get nothing in. They could just continue to produce the stuff, then just set it on fire. No mass unemployment. Problem solved, no? It seems easier to do than to build an industrial base again.

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

#55

Americans cant have their cake and eat it too. The allies are quietly leaving the room and forming alliances without Americans.

I'll bite. What are those new alliances of significance? I mean real significance in military means, or trade, or industry?

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

#56
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.

If it’s not the US, it will be China (or the EU if they’re up for it). The main question is how much chaos will there be during the interim.

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

#57
post #4

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

The Europeans want it both ways: they want the US to pay for and be responsible for policing the world, but to do it the way the Europeans want with them free to criticize the US and act morally superior the whole time. This act has become utterly tiresome.

Not only that, which I agree with, but also consider the US demographics are extremely advantageous over other nations. There is a chance the US isn’t losing control but is pulling away because the rest of the world has increasingly less to offer it. The US is energy and food independent and with increased automation is on a path to industrial independence. As a small example, Chinese had thought they had the US on hook with rare earths, well it’s starting to look now like that threat led to Americans looking around for them and then discovering, oh wait, we do have them, let’s go dig them out, and in 5 years it’s possible the US will be rare earth independent. What happens when the US is increasingly independent and isolationist? do you really think that will be a problem for it? or instead a problem for others?

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

#58
post #33

Earlier quoted context omitted.

I think the US is giving up control willingly and turning more isolationist. It has been building for some time but I do not thing it is forced. It is a deliberate policy shift turning away from trying to control and police the world. America is pushed in and on to other countries and societies that a retraction might be the best thing

I don't believe it's trying to give up control, the current US administration don't want to be the world police but still wants the control given by being the world police, both can't exist at the same time and some sort of reckoning will happen.

They're currently threatening to invade Venezuela!

Mind you, another consequence of the regime is that nobody knows what's real and what's keyfabe any more. They were also threatening to invade Canada, lost a colossal amount of goodwill as a result, and got bored and moved on.

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

#60

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…

Why assume rebalancing is mainly a demand problem but not a (slow) supply-constrained adjustment driven by demographics, capital stickiness, and institutional limits (in deficit countries)?

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