• JucheBot1988
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    1 year ago

    Yes, but it isn’t sustainable. The US nowadays is mostly deindustrialized, without any substantive economy. Everything, and I do mean everything, is based on either financial speculation or the entertainment industry. The fact that the dollar is still the global currency has long insulated us from the worst effects of having an economy like that, since the governent can create “growth” via debt and by printing money. But for real wealth, the US is entirely dependent on production in other parts of the world, mainly China. As US actions undermine the dollar as the global currency, the day of reckoning for the US economy comes closer. And when enormous sectors of the US population start facing real grinding hardship – I mean “Russia in the 1990s” levels of grinding hardship – the propaganda will cease to be effective. To a certain extent, it is ceasing to be effective now, though the system is mostly working as intended. But cracks are showing, and those in control are starting to worry. The thing might ultimately be salvageable, if we did the sort of major political restructuring we did during World War II. But I promise you, there are no Roosevelts anymore.