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US Election Day November 2024 Containment Megathread
(hexbear.net)
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this post was submitted on 03 Nov 2024
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electoralism
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Incredibly frustrating to hear "educated" neoliberals talk about how "inflation is lower than anywhere else in the developed world" in response to people complaining about how high prices are. Those are fundamentally different things! Its day one, "EcOnOmIcS 101" stock versus flow variable stuff. The prices are too damn high! Saying prices are growing at a slower rate than elsewhere is a terrible retort to that complaint.
That CNN graph showing only 5 counties in the entire country where wage growth outpaced inflation needs to be spammed to all of these losers.
The funny part is that Trump will destroy the economy, too, if he actually implements his tariff plan without first spending years subsidizing domestic manufacturing (which it seems like we're only doing for chips right now because the US is concerned about losing Taiwan for some reason). I wonder if people are right and we'll either trade off one term presidents now or devolve into fascism. Unless capitalism's immune system can spit out another FDR to save it with some New Deal style concessions.
Honestly, whoever ended up in charge was fucked either way, because I think we are on course for another big economic "correction".
The US is already overextending its supplies in Ukraine and Israel, while also antagonizing China and Iran.
If the US goes full hog on Iran, which they really want to do, they'd be hard pressed to simultaneously defend against a Chinese takeover of Taiwan.
No China doesn't particularly want to do that, but the US being bogged down in Iran while also supplying Israel (and Ukraine under Biden, but no longer under Trump) would probably be their best opportunity ever.
Which means if the US wants to continue antagonizing Iran and China, they have to be prepared to lose their semiconductor colony even if that's not a guaranteed scenario.
Makes sense. This is why I love hexbear. Everyone is so informed.