this post was submitted on 13 Feb 2025
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Economics

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[–] [email protected] 4 points 6 hours ago* (last edited 6 hours ago)

This is true, but on the bright side, there is virtually zero chance of the US being able to implement the kind of China-inspired strategy that the author of this article advocates. For one thing it would take going against the power of the financial oligarchy. It would take going against the neo-liberal way of thinking that has become ingrained in the American government from top to bottom, not to mention the donor class would not allow it, as a strategy focused on long term growth over short term predatory practices threatens their immediate profits.

The US does not, at least to me, appear capable of changing course even as many see the disaster they are barrelling towards if things continue the way they are. And Trump's reckless policies will only accelerate things.