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54 sats \ 0 replies \ @FRNdisrespector 13 May \ on: 💡 What is the Cantillon Effect? econ
This is why strippers who dance in clubs on Wall Street see their incomes soar while coal miners in West Virginia are hard hit.
On the other hand, keeping their currency weak against the dollar has helped them force low wages for factory workers and a trade surplus against the US. They successfully captured most of our manufacturing in just 30 years. Our global free trade zone with USA as the elite consumers in constant trade deficit works very well when we have unmitigated force projection.
The Chinese may build fake condos, but we print fake money.
Our friends over at FUTO just launched GrayJay. It's an open-source video streaming app. You can follow creators cross-platform, stream from popular streaming apps without importing all their data-harvesting malware.
FUTO is pretty cool if you haven't checked them out yet, dedicated to open-sourced tech, they provide grants to engineers working on stuff.
People caused this problem, specific people. Pointing fingers and properly identifying those who directly and intentionally caused these problems is how we solve them.
Those very people who "the banality of evil lurks" within are still in positions of power, and will make things worse going forward. They must be removed if we are to move forward.
GENESIS