Fane
Discord ID: 458809049216057355
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I'm a Social Democrat... that puts me under Capitalist and socialist right?
What do you all think about the growing role of geoeconomics and how the US mostly refuses to use or even consider it?
I got 3.13 (Economic), -4.21 (Social)
So I'm a right-wing libertarian... I never considered myself right-wing tbh
lol
Why not? China and Russia for example extend their financial arms more often than their military ones.
China's navy is... lackluster to say the least but the US still considers it a major threat does it not?
What about the one belt one road?
I have to sleep
Talk about this tomorrow
Providing more jobs doesn't necessarily mean providing good-paying jobs. What's the point of being paid $5 an hour when that can barely get you anything. If anything, that just means the government has to tax businesses and the rich higher to maintain welfare (assuming welfare remains constant in this scenario)
That isn't necessarily always true. Look at HK for example.
Lemme pull up some stats
The same stats are also supported in the BBC docuseries "World's Biggest Cities"
"200,000 people in Hong Kong living in such tiny subdivided units, some so small that a person cannot even fully stretch out their legs."
Trump also does meaningless things which weaken the US' position domestically and abroad
Not exactly. If the minimum wage is not adequate enough to buy housing, the price of said housing won't just go down to suit the needs of these workers.
Hong Kong has a $4.8 minimum wage btw
My point is that this doesn't apply to many large cities and metro areas
Just wanted to ask, is the China statistics of the mainland or the mainland+HK?
Hong Kong is not China... well not for that website
In HK?
Yes, but what about that <1%. The government still has to subsidize their living through welfare.
@Deleted User idek anymore
@Mr1Gonzalez Not all people earning minimum wage by the latest iPhone. Especially those whom have a family
@chuckayy Boris' Brexit is leaving the EU without a deal if he can't reach a solution. That's bad for everyone
Globally or US?
@Deleted User Exactly.
There are old iPhones. I know friends' parents who use iPhone 6's and 7's (despite living in a very high-income area)
@Deleted User MS analysts predict that like the pound's value will be the same as USD if there's a no deal Brexit
350 million in US?
No but you said 350 million in US...
Oh...
nvm
I get it
Whoops
"Up to" is a wide range.
That's like saying a lot of Americans have computers or PCs up to 5k.
We must eradicate the mindset that all people who make minimum wage vape and do drugs and stuff
And I really doubt that many people making minimum wage go to Disneyland (except maybe the people who work at Disneyland for minimum wage)
Again, why would anyone go to the middle of the desert when they have work (and often children)
These examples are rare cases tho
But I really doubt that you could spend $7.25 and live a good life with 1 or 2 dependents
But the people at the bottom should have basic necessities
Most is not all. How about the people who live in the inner city and have terrible schools?
That's not opportunity!
Their schooling is practically non-existent
They have not enough books, outdated books, not many arts or language or music programs, etc.
K
Y not?
If they don't have the education, how are they gonna take part in extracurriculars or idk get a good score on the SATs/ACTs?
If schools don't have extracurriculars, they can't do them
Well why is that only the rich get to go to Harvard?
Tell me then. Why do you believe education should be limited?
The best education is supposed to be for the best students, not the richest students
If there is corruption, then why don't we try to eradicate it?
It'll take time and effort, but it's not impossible
K
Trump's behavior towards its NATO allies
The trade war is certainly not good for the American economy
The US has transitioned to a services-based economy. The cost of production in America is higher than in manufacturing-based economies. Even if we save 1000 job in tire manufacturing or whatever, the price of tires will increase significantly which means that either all wages in all industries will have to increase (causing excess inflation) or Americans will not buy tires (or cars) anymore.
@Deleted User This can sometimes be true (see Deng Xiaoping and Lee Kuan Yew) but it has a very real possibility of going rogue and killing all the progress (see Mao Zedong and Joseph Stalin).
I'd rather progress slowly but not have all my progress destroyed bc of one idiot
70 million actually
Deadliest tyrant in history
And Mao didn't want to destroy his people. He wanted industrialization but having farmers make metals in their backyard might seem ridiculous today but Mao thought it could work
Actual communism could never work in a society greater than 10k people
Tariffs are not always bad but mostly they are.
@Green Syndicalism K sry I was in the middle of doing something else at that same. In hindsight, it was a bs post. But what you are suggesting is a large-scale protectionist economy within America. That helps absolutely no one, even the industries involved in the long run. China helps its own industries, sure, but China is not America. The US' tariffs are not happening in a static world; they are happening in tandem with retaliatory tariffs (by China and other trading partners) which make US' exports uncompetitive. Even if the US starts helping out all its industries, they will eventually look for foreign markets. You are simply stifling their economic freedom. A protectionist economy is a globalized world does not work.
@Shockwave I disagree. I'd say between it'd happen in the 2021 fiscal year. The US economy is not regressing. I haven't paid attention to recent manufacturing or unemployment data since around last quarter or so, but from the looks of the stock market, the US is headed into another peak which ends in a correction. After that, I might agree that a stagnation could take hold however I doubt the economy will suddenly go into a tailspin (unless some far-left person wins the Presidency).
The US would ultimately win but at the cost of trillions
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