Message from @ᴏᴠᴇʀꜱᴇᴇʀ ꜱᴛʀᴀꜱꜱᴇʀ
Discord ID: 688828161021968496
Ok let's say the USA as an example
Only benefiting more to eliminating the middle class and making am ore huge gap between the capitalist and the workers.
How would you describe that as you did with "Capitalism and socialism" above.
USA is global market economy id say but its domestic politics are free market regulated capitalism.
Id call it state capitalist but state capitalism uses regulation as a collective effort and is generally a phase to socialism.
USA is similar to most third world countries in terms of economic freedom; you must thing these types of economies are in decline aswell?
Eastern europe, balkans, africa, most of asia and latin america are in decline and a shitty place to live, so either USA is in decline too or its doing something else.
USA is classified as right capitalism.
And you think it's declining?
To make a distinction left capitalism would be scandanavia.
USA is declining.
How so?
I mean id give a more detailed answer if it were not for the trade war with china, corona, russian oil and many other factors that make it obvious.
USA is reliant on the capitalist and not the workers, those who allow the capitalist to make profit.
Every economic system has to have workers as its base.
If it doesnt it fails.
Any points you can hint at?
What metrics would you say shows the US is declining
Its declining in exports, productivity, managment of labor.
Basically when it no longer had workers at its economic base economic emperialism stepped in.
Productivity?
It's been rising since forever.
No not really.
Whether it's labor or total factor productivity.
3rd world labour has been rising, US pretty much now just assmbles things not produces them.
Use of resources isnt domestic.
Most of the economy isn't physical production either, it's services.
Services are reliant on globalism and imports because domestic productivity has been replaced by economic imperialism.
Thats what im saying.
Global market economy.
Its interconnected without a solid base.
Yeah I have no issues with it.
I dont have either because it will lead to better things.
Then why do you think the US is declining?
USA as a country is, USA as interconected economy and monopoly isnt.
Stagnant inflation.
Stagnant inflation?
For same labour worth you cant get today what you could yesterday.
Are you saying pay is stagnant?