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107 sats \ 2 replies \ @Undisciplined 18h \ on: American Exceptionalism, LFG! rah-rah, 'Murica (Bloomberg, John Authers) econ
I think American doomerism is partly due to disbelief that other nations are managing to do even dumber stuff to their economies than we are.
That's so goddamn true
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Meanwhile China has enjoyed 50 years of rapidly growing trade surpluses while USA has operated over 50 years of growing trade deficits.
China is building global infrastructure while USA infrastructure is crumbling.
USA cannot compete with China in trade on almost all manufactured goods and commodities or infrastructure construction.
It is only in banking (debt) and military hardware (death) that USA retains an advantage.
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