this post was submitted on 20 Feb 2024
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the_dunk_tank

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It's the dunk tank.

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[–] SSJ2Marx@hexbear.net 25 points 8 months ago (3 children)

I'm not so sure. Maybe in Soviet-adjacent governments this was a factor, but the US started its neoliberal turn in the 70s, when people were still operating under the assumption that the USSR would never collapse.

[–] buh@hexbear.net 32 points 8 months ago

They did that due to internal factors though, to break out of stagflation

[–] impartial_fanboy@hexbear.net 13 points 8 months ago

But it was clear by then that it wasn't going to overtake the US economically like was feared earlier. If it was clearly seen that the USSR was beating the US economically it would give lie to the whole system.

This isn't going to happen with China, unless their economy fundamentally changes.