yogthos

As we're seeing in Iran, you don't actually need jets to take on F-35s at all. You just need a lot of missiles and targeting systems that home on the giant heat signature.

Imagine being dumb enough to invest into the military industrial complex of a country that's actively threatening to invade you.

This racist troll really should be banned from here, all he does is just spread propaganda about China.

That's an amazing counterpoint Scotty. If you don't like it here, feel free to go back to reddit where you can enjoy spending time with your fellow trolls.

yeah that's the riff

While no country officially calls it uncapped money printing, both China and Vietnam operate systems of massive state directed credit creation as an alternative to capitalist monetary policy. Instead of relying on private banks to originate loans for stock buybacks or real estate speculation they use publicly owned banking sectors to directly fund state owned enterprises and massive infrastructure projects. They are effectively using currency issuance as a tool for allocating real material resources and labor.

Their approach relies heavily on what Western economists complain about as financial repression. Keeping interest rates low allows the state to guarantee cheap credit for massive development projects that benefit the broader society. If the capital account were fully open the domestic elite and foreign investors would immediately move their wealth offshore seeking higher parasitic yields in Western financial markets. Such a massive capital flight would trigger the scenario you described where everyone dumps the local currency causing it to plummet in the foreign exchange market leading to imported inflation that crushes the working class.

China and Vietnam learned from the 1997 Asian Financial Crisis when countries with open capital accounts were completely destroyed by Western speculative attacks. Strictly controlling the flow of capital across their borders forces domestic wealth to remain inside the country where it can be put to productive use rather than fleeing to Wall Street casinos. That's the mechanism that allows them to maintain sovereign control over their macroeconomic policy and prioritize long term industrial development over the short term profit demands of international speculators. Basically, you cannot have a stable currency independent monetary policy and free capital flows all at the same time. So, a socialist oriented state must sacrifice the free movement of capital to protect its economic sovereignty.

It's open source, and it's not tied to a single server the way Signal is. If the original people developing it started doing problematic things, it's easy to fork. One of the worst parts about Signal is how it's designed to lock you into using their official app and server making it effectively impossible to have a compatible fork.

The idea that national debt must inevitably consume us is a myth pushed by capitalist economists to justify austerity. The reality is that the nature of debt depends entirely on how the economy is structured and who controls the state apparatus. At the end of the day a government that controls its own fiat currency can theoretically issue as much of it as it needs. The crisis of debt is a political choice baked into the current system.

Under capitalism the state does not simply issue money for the public good. Instead it issues currency by creating debt instruments like bonds which are overwhelmingly bought up by private capital holders. This arrangement effectively forces the government into a subordinate position where it must constantly pay off the wealthy class just to function. As the state takes on more debt an increasingly massive chunk of the public budget is swallowed up by these interest payments. That leaves fewer and fewer resources available for actual productive purposes like healthcare or infrastructure. The debt becomes a massive engine for transferring wealth upward from the working class to the rich.

But this whole parasitic relationship is entirely unnecessary. An alternative system could simply use currency issuance to directly fund human needs and build collective wealth. Instead of borrowing from billionaires the state could issue money to create and expand state owned enterprises that provide public goods directly to the people. A democratically planned state driven economy would not suffer from this artificial debt problem because it would not rely on private bondholders to permission its own development. The upper limit of what we can take on is determined by real material resources and labor power rather than arbitrary debt constraints imposed by a capitalist ruling class.

You deciding to invite your contacts to Signal isn't really Signal being better though.

Do explain what makes it better than SimpleX Chat?

SimpleX Chat is an actual privacy focused app that's easy to use and doesn't harvest your phone number like Signal does https://simplex.chat/

Collecting your phone number on sign up is literally the opposite of anonymity. Perhaps you don't understand what this word means?