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A mixed economy, when managed diligently can be more effective than Laissez-faire.
True Laissez-fair hasn't been tried until now so please stop using the US federal government as the ultimate example of capitalism. Every economy was mixed until Bitcoin. The state's monopoly on violence is over. Strategy won the trade war. No country can fight a war at scale without Bitcoin.
USA today cannot fight a war of any scale and duration because it lacks supply of rare earths.
The US can't fight a war because half the country would defect. The US is in decline because FDR was a socialist. The industrial revolution that made it capable of fighting a war in the first place was a capitalist movement.
The mixed economy combines the competition of capitalism with the strategic planning and power projection that only a government can both have a mandate for and can logically implement. True USA today is far from Laissez-faire but USA has never been Laissez-faire. USA always had tariffs and once had slavery. Today Trump is responding to the success of Chinas State Capitalism with the same because he knows the free markets will not deliver the rare earths that the US industrial combine needs to maintain the hegemony that US wealth has been built upon.
The mixed economy combines the competition of capitalism with the strategic planning and power projection that only a government can both have a mandate for and can logically implement.
What mandate? They can't capture an island less than half a percent the size of their territory. If warfare is how you measure success then do something.
Heavens mandate of course...
'They can't capture an island less than half a percent the size of their territory' You mean Cuba bro?
Poor Uncle Sams military industrial complex is crippled for a lack of rare earths and strategic planning.
What to do?
Trump can try copying Chinas State Capitalism model mixed economy hybrid vigour but hes definitely on the backfoot and playing catch up in a desperate situation precipitated by decades of neoliberal-libertarian US exceptionalist crony capitalist delusional hype.
We don't want it. Cuba, unlike Taiwan, is trash. I wonder why.
Sounds like sour grapes from a sad and crippled crony capitalist military industrial complex that has no rare earths supply and no plan to regain its hegemony except to copy Chinas highly successful State Capitalism Mixed Model Economy. They do say mimicry is the highest from of flattery...
They do say mimicry is the highest from of flattery...
That's why you're holding BTC instead of RMB. Everyone is a capitalist when its their own livehood at stake, and a socialist when they want to control other people.
Am a business owner and capitalist from way back but also understand the importance of government that provides the right framework, property laws, strategic planning, infrastructure and security for a strong economy. In the west the bankers have owned our governments for too long- that is why BTC is important. Most people are sheep and want to be living inside a safe and well fenced area, safe from the wolves who prowl upon those who do not have good government protection.
When a country like the PRC decides to invest in gaining a global stranglehold over rare earths and other strategic supply lines, and nearly all other rare earth refiners give up and stop production because China does it cheaper, then 'the free market' you worship blindly, has been played, and captured.
USA today cannot fight a war of any scale and duration because it lacks supply of rare earths. USA is unlikely to regain a meaningful quantity of independent rare earth supply for at least decade...and even then it will come at massive cost in terms of government subsidies that will need to be paid to gain such independent supply capacity.
China has gained the upper hand strategically by having a more focused and determined central government while USA has lost due to over reliance upon the free market.
A mixed economy, when managed diligently can be more effective than Laissez-faire.
An economy is not just an isolated market where individuals compete, but rather it exists in the global environment where government compete for commodities, markets, technology, human and monetary capital and, push come to shave, military strength.
Chinas mercantile mixed economy model has crippled US capitalism by dominating global trade and by gaining strategic monopoly over rare earths and other supply chains.