Over the years
And it wasn't only Nixon that messed with it
yes jack, we know. till '70s
Better market oppurtunities = lower goal value
Btw im curious.....what do you all have against globalism? all i have heard from Carl is is supposes moral stance against it.
they always act as a hedge... it's fundamental economics
he is confusing the gold standard with how gold/silver is used as hedge to insure you can absorb any loses if the market reverses direction
Gloabalism is what led to Weinmar
Dollar is gay. Get your own currency
globalism is ok tbh
Capitalism doesn't work under globalism
Both consumer and producer must be under the same umbrella for both to benefit
Why wouldn't capitalism work
Free movement of labor and capital, how could it not work if all countries are involved in some way?
Currently,the majority of producers are in another country from the consumer
this destroys the system
How do small businesses operate entirely in one area then
Only GOD can makse something for free
movement costs ENERGY and thus MONEY
i can get a 200euro phone that is like 1000 times more powerful than the whole NASA during the moon mission cause of globalism
The anarcho communist doesnt understand capitalism
Shame
and without producers being under the same roof, they don't SEE the impact of their goods
The system works in the way a national system does. Labour moves to where the highest wages are, just as we do in our own countries now
it doesn't though
it does locally
not globally
capital moves where it makes the most economic gain
The idea of supply and demand doesnt just end
it doesn't distribute the labor and capital evenly
globalism just loosens the red tape we have now
worse, it makes hoarding of capital more profitable than production of value
its pretty obvious why globalism is bad
Globalism is inevitable tbh
globalism also encourages the movement of that labour supply accross the globe
you have native jobs
you cannot maintain a standard of living 25% higher than the third world without tariffs
ruined because of unions and safety regulations
Globalism is the big gay
if it were merely regulatory alignment you would see few complaining
and minimum wage and whatnot
