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submitted 4 months ago* (last edited 4 months ago) by yogthos@lemmygrad.ml to c/economics@lemmygrad.ml
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[-] GreatSquare@lemmygrad.ml 5 points 4 months ago* (last edited 4 months ago)

I find this is a typical thing with libs where they just think everything is just a matter of will. They don’t look at systems in terms of contradictions as a Marxist would.

There was another article in Krugman's substack, "No, Trump Can’t Make Manufacturing Great Again". (Behind a subscription wall)

Subtitle was"We’re a service economy now — and that’s OK".

A service economy doesn't need the electricity generation capacity of China - something that, in the original article, he was using to point to China being economically ahead of US. China uses the power for manufacturing and has a greater population. Why does he want to point to that statistic?

There's no direction to the strategy just dumb and dumber.

[-] yogthos@lemmygrad.ml 6 points 4 months ago

It's honestly hilarious to watch just how dumb these people are. These things should be obvious, and yet here we have a well respected western "intellectual" spewing incoherent nonsense.

this post was submitted on 17 Oct 2025
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