CarmineCatboy2 [he/him]

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Joined 1 year ago
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Cake day: February 8th, 2024

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  • The answer is that they don’t want to lower the value of the dollar. This is something that people like Yanis theorized under the principle of ‘looking for the true grand strategy behind the madness’. But Occam’s Razor applies here and Trump’s government is not shy of its contradictions. They want to have their cake and eat it too. They want manufacturing at home with lots of jobs, but also automation to drive costs down. They want everyone to keep using the dollar, but they also want stronger foreign currencies so they can reindustrialize. They want to raise revenues from tariffs, but they also wanna produce more at home. They want to extract concessions and get foreign countries to buy more of their products, but won’t do anything about poorer countries’ debts to them meaning that they can’t buy shit because they are broke. They wanna industrialize, but don’t want to do anything that goes against the financial economy or has an inkling of industrial policy (outside the military, that is).

    The only real, straightforward thing we have is that the US is doing to itself what it has done to countries abroad. A shift from the tax base away from industry, production and taxation of wealth and towards taxation of consumption. Tariffs as a way to give tax breaks to the richest. The devolution of the middle class into a sub-proletarian that is unable to sell their labor anywhere because the rich account more than half of all spending and luxury goods do not create a lot of jobs. This is the tailend of a process that started With Carter and Reagan only now being led by extremely incompetent people.