• PhilipTheBucket@ponder.catOP
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    27 days ago

    Yeah. American’s wealth is not in the computers of the federal reserve. We have a continent’s worth of resources; armies upon armies of smart, committed, talented people; education; strong businesses; technical knowledge of an incredible variety; and most importantly, we’re still attractive enough (or were, as of last year) to be attracting the best and brightest of the world to come and add to the fire and keep it going. For as much as we’ve been fucking it up for the last fifty years, that all still remains true to a pretty large degree. Everything that happens in the treasury department draws off of that capital. Nothing that happens out in the world depends, at the root, on the computer that Musk now has access to.

    But, it’s also true that the financial world is a city in the clouds. Pop the bubble, and sometimes it takes quite a long time to rebuild and inflate back to its former size. Maybe it’s a good thing. Maybe it’s a catastrophe in the making. I don’t know, to be honest. But “strap in” sounds just about fucking right, it’s not going to be simple or smooth.

    • technocrit@lemmy.dbzer0.com
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      26 days ago

      The “wealth” of empire is in petrol-dollars, saudi tyrants, environmental destruction, international exploitation/theft, endless violence, etc.

      armies upon armies of smart, committed, talented people; education;

      lol.

      • PhilipTheBucket@ponder.catOP
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        26 days ago

        Yeah, true that. There’s a whole history of theft and oppression that I’m glossing over there. I do think that about 50% of it was legitimate hard work.

        I also think it is fascinating that, after 50 years of the working class going to open war with capitalism to fight for a decent way to live and a decent system (1880-1930), the US spent the next 50 years becoming the most powerful country on earth. I think those two are highly related and the connection is almost never talked about. We spent a lot of the years before 1880 stealing and oppressing just as hard, and it didn’t really do shit for us in terms of building a modern-US-style type of wealth and privilege.

        The implications under that theory for what’s about to happen, based on what the current system is for how long, are pretty unsettling to me.

        • CheeseNoodle@lemmy.world
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          26 days ago

          It was also kind of sort of every other first world economy getting bombed into the ground twice in a row which left the US as the only major manufacturing centre for a long time and able to reap massive benefits from that position.

          • PhilipTheBucket@ponder.catOP
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            26 days ago

            Yeah, but there are always big world events that someone could have capitalized on. China could be the dominant power today, or South America. The US just hit on a successful formula for it in a way that a whole lot of other governments and groupings of people did not, and I’m saying that having a massive population base that genuinely believed in the program that the government was selling was a big part of why that happened.

            It didn’t happen on its own, the people had to fight for it against active deadly government resistance. But once it happened, it turned out to be the best thing that ever happened to either the people or the government. And then, not knowing what they had, the government and the people let it fall to ruin, and now we’re fucked.