Global recession when

in a century

Yes it will happen within this century

no

I predicted the next one will hit in the early 2020s but it might come earlier

<:thonk:520003926381166597>

If so then that's great

Accelerationist gang

If i knew this was gonna happen i wouldve been a farmer

Lol

That's a problem with Capitalism

It can be unpredictable

Besides the agricultural sector is going to be non-competitive pretty soon thanks to automation

Automation will be the final nail in the coffin for Capitalism though

hi

hello

its february already?

time flies fast

How possible will it be for PRC to dissolve like the Soviet Union did? And if so, what would be the consequences for that huge disruption the balance of power?

@Spookaswa except we don’t have capitalism

We have a mixed economy

And these very recessions are caused by the socialist policies in place

For example the FED, central banks create boom and bust cycles

Let's agree to disagree.

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ Name the socialist thinker who said market interventionism is socialism

I don’t need to, socialism actively tries to abolish the market forces

Historically, it was about the worker managing the means of production, with the state often being seen as a means to achieve this end

To abolish the market

Not all socialists want to abolish the market

Correct and that’s why any market intervention is strictly socialist

That’s the goal of socialism

it is, just at it's core, what I described above

Does not follow

"The state is seen as a means to bring about collective ownership"
"Any market intervention is strictly socialist"

Not all socialists , but socialism itself does, that’s the goal of it. It’s why every market intervention is socialist

Yes

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ https://www.britannica.com/topic/socialism#ref276338

Tax, regulations, tarrifs, price controls . Subsidies you name it

A brief history of socialism