We wouldn't want to trade with someone whose products are getting cheaper and better, now would we?
this territory is moderated
are China products better than US products?
reply
God no. I just meant that their products are improving while also getting cheaper.
reply
Russia and China want war to maximize their profits. I can see China doing something soon.
reply
War is not profitable. It is extremely costly. Countries that can't export their inflation (or receive endless US subsidies) aren't in endless wars for precisely that reason.
reply
War drives commerce. Well, if you are a big enough country.
reply
That is the opposite of true. War causes massive commercial disruptions, both intentionally and unintentionally.
It's very profitable for half-a-dozen US weapons manufacturers and they pay our "representatives" to impoverish the rest of us through this endless war spending.
reply
Did You see the Lockheed chart on monday? Nice insider gaming. It's all just disgusting. Demonetizing the state is a humanitarian duty
reply
I didn't. Honestly, I don't follow this stuff as closely as I might, because I find it truly distressing.
reply
48 sats \ 1 reply \ @TomK OP 8 Aug
Understandable
reply
Yes, I know. Its bad, and getting worse.
reply
Is that how it works? I never notices, I was always on the impoverished end.
reply
Embargos, sanctions, and the destruction of commercial infrastructure are all standard parts of war.
Not to mention that war requires diverting resources that might have been productive and using them to destroy other productive resources and people.
This is the biggest and most ridiculous Keynesian lie.
reply
Right. But the winning country gets to divide the other country up! Profits all around!
reply
That's not really done much anymore. It's also not the least expensive way to do it.
The costs of war are largely born by normal people, though, whereas the spoils go to the top. That's why the American government wages endless war, while the American people generally oppose it.