• nohaybanda [he/him]@hexbear.net
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        8 months ago

        The vast majority of westerners have financier brain and are incapable of formulating a causal relationship between the two. Libs will look you dead in the eye and tell you how they just need to move the money elsewhere and industrial capacity will magically come out. De-industrialization and neoliberalism have unmoored their economic thinking from any kind of materialist analysis of the world, it’s all just (racist) vibes. “China is getting uppity thinking it can be an economic powerhouse but wait and see how their economy will collapse and we’ll be on top again.” is a fucking wild statement in a world where China closed a couple of seaports and entire industries ground to a halt in the West.

  • PolandIsAStateOfMind
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    8 months ago

    due to a crisis in the real estate sector

    Huh they really think economy is just rent and finance?

    • knfrmity
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      8 months ago

      They can’t comprehend real estate being anything other than rentierism and speculation.

      • PolandIsAStateOfMind
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        8 months ago

        Well to be fair changing the approach to land and housing will absolutely cause crashing their entire renter economy to the ground, but still, they are more stuck in and delusional than even the Russian aristocrats in beginning of XX century.

    • lil_tank
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      8 months ago

      That’s been the mainstream conception of “economy” for half a century

  • Toenails02
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    8 months ago

    Ben Norton is one of the best journalists out there

  • DamarcusArt
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    8 months ago

    Umm acktually sweaty, history is over? That means any country trying to move away from a capitalist mode of production is going to collapse? it’s basic economics 101?