Topic: US economic growth is at 1.5%
Mr. Bloody Lemonade !0JqexkOGBc started this discussion 2 hours ago #136,583
Anonymous B joined in and replied with this 1 hour ago, 53 minutes later[^] [v] #1,449,659
It’s almost as if Trump and his people disregard established economics for their own priorities. “Let’s impose tariffs that hurt manufacturing, exports, and agricultural exports and then subsidize farmers!”
Anonymous C joined in and replied with this 1 hour ago, 1 minute later, 54 minutes after the original post[^] [v] #1,449,660
@previous (B)
And nationalize intel.
For a guy yapping about leftists all the time his economic policies are oddly similar to actions taken by state capitalist governments like the former Soviet Union or modern China.
And nationalize intel.
For a guy yapping about leftists all the time his economic policies are oddly similar to actions taken by state capitalist governments like the former Soviet Union or modern China.
Anonymous B replied with this 1 hour ago, 4 minutes later, 59 minutes after the original post[^] [v] #1,449,664
@previous (C)
> And nationalize intel.
>
> For a guy yapping about leftists all the time his economic policies are oddly similar to actions taken by state capitalist governments like the former Soviet Union or modern China.
The administration also is taking equity stakes in private companies and his sons are swarming boards and investment deals.
> And nationalize intel.
>
> For a guy yapping about leftists all the time his economic policies are oddly similar to actions taken by state capitalist governments like the former Soviet Union or modern China.
The administration also is taking equity stakes in private companies and his sons are swarming boards and investment deals.
Anonymous C replied with this 1 hour ago, 3 minutes later, 1 hour after the original post[^] [v] #1,449,665
I think China though, you can classify the Chinese government as being protectionist towards Chinese industries, which economists who advocate for free trade wouldn’t be super happy with. Although the calculation on the part of the Chinese is that:
1. They have industries to protect in the first place.
2. China is not a democracy, therefore they can sacrifice the economic wellbeing of the individual Chinese citizen and the economic growth of China as a whole in order to protect Chinese manufacturing since China (despite what they say) does have intentions to spread their ideology (just ask somebody who’s pro CCP what their thoughts on Africa are), and they want to wait to do that until they have a military that can rival the United States, hence why there’s such a big push to modernize their fighter jets and aircraft carriers and there is a plan for them to catch up to the United States in terms of the number of aircraft carriers they have.
Now I’m not saying that’s not smart, but it would be dumb for the United States to use the same strategy because:
1. Industry has already left the United States (we could have used this strategy to stop them from leaving but we didn’t do that).
2. America is a democracy, a government can’t reduce the wealth of American citizens for the sake of national security and win the next election because we have an individualist culture. We have already switched to a service based economy from a manufacturing economy.
3. We don’t need to catch up to anybody we need to maintain our strategic dominance and the steps to do that are fundamentally different than the steps China would take.
4. We have a lot of allies and China doesn’t so maybe we should try to maintain the alliances that are the basis of our economic power instead of antagonizing them since Eurasia is larger than the Americas and the Americas can only maintain power over Eurasia if Eurasia is divided against itself. Giving Europe a reason to trade more with China is the dumbest thing we could possibly do.
1. They have industries to protect in the first place.
2. China is not a democracy, therefore they can sacrifice the economic wellbeing of the individual Chinese citizen and the economic growth of China as a whole in order to protect Chinese manufacturing since China (despite what they say) does have intentions to spread their ideology (just ask somebody who’s pro CCP what their thoughts on Africa are), and they want to wait to do that until they have a military that can rival the United States, hence why there’s such a big push to modernize their fighter jets and aircraft carriers and there is a plan for them to catch up to the United States in terms of the number of aircraft carriers they have.
Now I’m not saying that’s not smart, but it would be dumb for the United States to use the same strategy because:
1. Industry has already left the United States (we could have used this strategy to stop them from leaving but we didn’t do that).
2. America is a democracy, a government can’t reduce the wealth of American citizens for the sake of national security and win the next election because we have an individualist culture. We have already switched to a service based economy from a manufacturing economy.
3. We don’t need to catch up to anybody we need to maintain our strategic dominance and the steps to do that are fundamentally different than the steps China would take.
4. We have a lot of allies and China doesn’t so maybe we should try to maintain the alliances that are the basis of our economic power instead of antagonizing them since Eurasia is larger than the Americas and the Americas can only maintain power over Eurasia if Eurasia is divided against itself. Giving Europe a reason to trade more with China is the dumbest thing we could possibly do.
Anonymous D joined in and replied with this 1 hour ago, 1 minute later, 1 hour after the original post[^] [v] #1,449,666
Is China's economy growing right now?
GDP Annual Growth Rate in China averaged 8.64 percent from 1989 until 2026, reaching an all time high of 18.90 percent in the first quarter of 2021 and a record low of -6.80 percent in the first quarter of 2020.
So, Commies doing more better than Trump run USA.
GDP Annual Growth Rate in China averaged 8.64 percent from 1989 until 2026, reaching an all time high of 18.90 percent in the first quarter of 2021 and a record low of -6.80 percent in the first quarter of 2020.
So, Commies doing more better than Trump run USA.
Anonymous C replied with this 1 hour ago, 57 seconds later, 1 hour after the original post[^] [v] #1,449,667
Basically that’s just a long winded way of me saying just because I’m accusing Trump of acting like China doesn’t mean I’m accusing China of being stupid, it’s just, China isn’t the United States the best thing for them isn’t the best thing for us. (I just felt like some right wing person was going to respond with "Uh, but if Trump is doing the same thing as China how is what Trump doing bad for America if we’re trying to defeat China?") So I was preemptive with it.
Anonymous C double-posted this 58 minutes ago, 4 minutes later, 1 hour after the original post[^] [v] #1,449,669
@1,449,666 (D)To be fair, the developing world generally has outperformed the United States in terms of economic growth since around the 1960s. Although, poor countries tend to not be able to develop until after their birth rates fall (China had the one Child policy so they unnaturally cut off their high birth rate and unnaturally developed faster than India and countries in Africa). Naturally, India will probably follow after China next and then Africa.
Anonymous C triple-posted this 56 minutes ago, 1 minute later, 1 hour after the original post[^] [v] #1,449,670
It’s not because the US is stupid or anything (at least before 2016 after 2016 maybe), half of it is just if you already have the largest economy you have to invent new technology in order to grow your GDP, which also requires expenditure on R&D, but if you’re not, all you have to do is copy what worked in already developed countries, which is part of how China got their reputation for copying, and how they grew so fast compared to the United States.
(Edited 1 minute later.)
Anonymous C quadruple-posted this 53 minutes ago, 3 minutes later, 1 hour after the original post[^] [v] #1,449,671
Although, there’s a downside to cutting off your birth rates unnaturally, which is, it will lead you to demographic collapse faster, so there are some people who think that by the end of the century the largest economy won’t be China or the United States but actually India.
Anonymous C quintuple-posted this 43 minutes ago, 9 minutes later, 1 hour after the original post[^] [v] #1,449,672
@1,449,670 (C)
Is also not a given that technology will always advance. If you look back at a population chart of humanity, for most of human existence the world population was in equilibrium, people had virtually the same technology as their ancestors going back centuries, and there was virtually no economic growth, up until the Industrial Revolution 200 years ago when the population went up exponentially. But humanity is expected to stop growing again in the 2080s. However, the population distribution on Earth will be different which could have consequences for which region of the world will be dominant in future centuries. Probably the center of power will either be Africa or Asia.
Is also not a given that technology will always advance. If you look back at a population chart of humanity, for most of human existence the world population was in equilibrium, people had virtually the same technology as their ancestors going back centuries, and there was virtually no economic growth, up until the Industrial Revolution 200 years ago when the population went up exponentially. But humanity is expected to stop growing again in the 2080s. However, the population distribution on Earth will be different which could have consequences for which region of the world will be dominant in future centuries. Probably the center of power will either be Africa or Asia.