This is explains a lot of our current and potentially future situation. Probably the best hour ish yt (at 1x) I've seen to levelset liberals on their disconnect from average working class Americans and what Trump is doing. For a follow up, look into Ezra Klein's Abundance Agenda if Dems ever figure out how to reclaim national elections and political majorities. It's not the only way to facilitate prying back labor from maga, but at least it's a start for thinking about real issues that real voters care about.
reminiscent of the speculation that BRIC will mark the end of the US dollar as the global reserve currency! think first, invisible, who is gonna supplant the US as the dominant power? certainly not China, nor the EU
Not at all. What the US was doing wasn't on a sustainable path whatsoever. The common citizen needs the house to burn down before realizing the danger, Trump admin front ran it knowing there would be short term pain. It's bold and revolutionary.
Levelset liberals? It's been the conservatives who are abandoning their conservative business friendly related views.
The best place to find people willing to watch a one hour youtube of talking heads is in the comments section of Youtube.
I'll give Trump credit for wanting to be bold and start social change. Video accurately describes his execution...woof
Adam Conover? Haven't heard his name once since he self-immolated his career on Joe Rogan six years ago. Lolcows aside, this is just people fumbling around the edges of the triffin dilemma all over again. You can't have a robust middle class and labor sector when your primary export is your currency, full stop.
yes, you can. since post WW2, The US has been a living eg of that just to be accurate, the US doesn't export its currency; foreign countries buying US dollars US debt stocks in US companies etc is considered foreign direct investments.
???????., in the age of globbalization, it amounts to meaningless rhetoric. just like the term "backed by gold" The Trade Deficit Is a Sign of America’s Strength, accentuating its economic hegemony
Since WW2, particularly since 1970, the US has been a living example of the evaporating middle class and the offshoring of labor and manufacturing. lol, a rose by any other name. The only meaningless rhetoric I see around here is yours. But I'll give you credit, you are extremely consistent with it.
I think there’s a lot of nostalgia about life prior to 1970s or whenever folks think things started going wrong…. There’s a well funded machine promoting all this manufacturing nostalgia and traditional 50s lifestyle. Read a book…. Those times weren’t all apple pie.
Conover is the interviewer to Mark Blythe, and he acts as the bridge for his liberal audience. I think Blythe nails 90% of the commentary surrounding maga and international relations.The man has a gift or good practice breaking down economics in theory and describing the reality of the botton 90% who have to eat the scraps of Their Betters. Your last line is the bazillion dollar question...Trump and his murcan coal-ishun wants to have double the cake havings and eatings. Watch the first ten mins faster than 1x, and I guarantee you in particular will find at least one point interesting from the cable news outrage slop hitting at us from all angles. No real answers.
What wasn't apple pie in the 50s is unrelated to the core rot of the American experience right now though.
The simple answer is America was never going to dominate the world to the same degree and we exacerbated things by going too business friendly.
unable to counter my point, Donny moves the goal post The Middle Class Has Not been Hollowed Out One data point we might use is median weekly earnings for full-time workers with a high school diploma, but no college degree. That sounds like a reasonable definition of “working class.” Here’s what that data looks like adjusted for inflation with the PCE Price Index: in the age of globalization, is an apt description of the "triffin dilemma"
in the age of globalization "triffin dilemma" is meaningless. it gained acceptance in the early 1960s, when the US still had one of the largest, if not the largest, mfg base China's mfg was non-existent the debt to GDP ratios for the globle was much lower (as compared the current times) the gold standard was still relevant then during Nixon's times, the gold standard was declared irrelevant, ushering in the age of globalization, it then evolved to China becaming the factory for the world. by comparison, US mfg base is much lower the meteoric rise in the debt-to-gdp ration for the globe, making the "triffin dilemma" meaningless
Sure it is.... The decade or two after WW2 for America was a black swan event that made us think this level of middle class prosperity was the norm or baseline. And there were also negative consequences from having the conditions prior to 1970s.
so, in reading between the lines, one can infer that you had cut n pasted his false claim that "the Fed is wrecking its balance sheet", without understanding what it means. this cut n paste job has put you in Clutchfans' Hall of Infamy !
