Deifict hawking in the US in 2024? Sounds great for global capitalism. US is THE consooming engine.

Atleast Argentina is a smaller country. Atleast Russia was disconnected from rest of the capitalist world pre 1990s.

And it’s by no means “radical”. Bill Clinton the neoliberal establishment guy ran budget surpluses in the 1990s, sucked money away from the (mainly poor) people and increased household debt.

      • FuckyWucky [none/use name]@hexbear.netOP
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        4 months ago

        ‘rapid recovery’, the economy will be cut in half and stagnate there for decades. it’ll be Greece but worse. I don’t think it’ll be very good for China and other exporting countries either at least in short term but they’ll recover if they also don’t do the same austerity.

        • vovchik_ilich [he/him]@hexbear.net
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          4 months ago

          The EU, in GDP per capita terms, barely recovered from 2008 and the latter austerity policy. In purchase power terms, it’s sunken below what it used to be before 2008, even with China’s growing industry and cheaper exports driving down the prices of many consumer goods.

    • GeorgeZBush [he/him]@hexbear.net
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      4 months ago

      I’m starting to think that they won’t allow Trump to win this time because you don’t want to screw with the imperialist machine.

      Which would unironically probably cause a civil war

    • vegeta1 [he/him]@hexbear.net
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      4 months ago

      Was just thinking along these lines. This would seriously turn things upside down no way this goes off without serious fuckery

  • I like how the pitch for austerity is always, “look, when we do this everything is going to get so much worse for an indeterminate amount of time but then I promise it will get better and everyone will be better off.”

    and no matter how many times it is done and only serves to ruin lives and devastate communities beyond recovery with no benefit ever being recognized aside from a tiny, ultra wealthy minority using the chaos to purchase control over critical resources and exponentially increase their net worth, they keep promising it will be different this time and everybody will benefit.