The difference between recession and collapse is a bounce back on the other side.
Banking system is already vulnerable to real estate prices. Commercial real estate has been in zombie mode with banks hiding their losses on the sector. The US government has already unsustainable debt levels that can’t afford major adventures or catastrophes. Adventures include mass deportations or wars. The problem with austerity measures for the non-oligarchs is strong degrowth and crime from multiplier effects.
While Trump is likely to be extremely divisive and angering socially, it is economics and geopolitics that will collapse the US. Deregulating banks is letting the fractional reserve system use a riskier lower fraction. Biden was very good at strengthening the subjugation of US colonies, but he pushed away majority of the world. There is major risk that Trump pushes away colonies without making the world more trusting of US. https://www.nakedcapitalism.com/2024/11/requiem-for-an-empire.html
What destroys America is the hubris of thinking it is winning, and that it can win over the world. Fighting China instead of getting cheap stuff is a mistake. Investing in dead ender climate terrorist energy is a mistake. Promising reindustrialization is a lie, and tariffs won’t do it. It will bleed Americans dry while letting oligarchs pillage what’s left.
Weaponizing AI to control population, and kill people is the new priority. Putting your hopes in DNC so that they can undo project 2025 is controlling you in a way that doesn’t avert the path to collapse in any way.
The only escape is UBI and peace. Not something a Israel supremacist neocon DNC wants, because UBI is power redistribution instead of wealth redistribution. The binary of AI and automation is either cooperation where abundance and the profits from abundance can be shared, or extermination of useless riff raff that dares to whine about oligarchy and empire.
Investing in dead ender climate terrorist energy is a mistake.
I hope that’s not your opinion of nuclear energy. People criticizing it miss the fact that a grid has to support some baseline.
All things are good and needed, which are not about burning fossil fuels (and sometimes even those, if getting “greener” energy somewhere pollutes more than just taking a canister of gasoline or diesel fuel). And the more diverse energy supply is, the smaller is each particular environmental impact, be it from greenhouse gases, lithium, ruining watersheds when building hydroelectric stations, similar impacts of wind farms, oil spills, escaping gases, toxic liquids, plastics, … .
People miss that nuance. You make humanity sustainable again by diversifying as much as possible, so that any particular kind of harm would be minimized, and so that no particular industry would possess strategic power. Not by dividing energy into holy and unholy and burning witches. It’s just math.
Promising reindustrialization is a lie, and tariffs won’t do it. It will bleed Americans dry while letting oligarchs pillage what’s left.
Promising won’t because promising ain’t doing.
But input is leverage, and leverage is power. Look how “free” input from corporations into Linux gave them control over it. So if reindustrialization really-really happens, it will improve politics of your country. It’s the way it works. When you live off cheap Chinese labor, your economy depends less on your own.
Weaponizing AI to control population, and kill people is the new priority. Putting your hopes in DNC so that they can undo project 2025 is controlling you in a way that doesn’t avert the path to collapse in any way.
Agreed.
The only escape is UBI and peace. Not something a Israel supremacist neocon DNC wants, because UBI is power redistribution instead of wealth redistribution. The binary of AI and automation is either cooperation where abundance and the profits from abundance can be shared, or extermination of useless riff raff that dares to whine about oligarchy and empire.
I personally have doubts about UBI. It requires fiscal discipline that no recent US government had. Otherwise it speeds up inflation. Not significantly if we compare it to corporate bailouts, but still.
Peace is always good. But war is a symptom of problems that still would exist if there were no war.
I’ve recently watched an interview by Bill Joy (the Sun founder) where he mentions how clear water access has done much more to reduce mortality in the world than antibiotics. I think it’s the same with accessible good automation vs “AI” and other hype phenomena. I think non-oligopolized tech industry and non-oligopolized Web would do hell of a lot more for all kinds of abundance than any new magic wand like “AI”.
The difference between recession and collapse is a bounce back on the other side.
Banking system is already vulnerable to real estate prices. Commercial real estate has been in zombie mode with banks hiding their losses on the sector. The US government has already unsustainable debt levels that can’t afford major adventures or catastrophes. Adventures include mass deportations or wars. The problem with austerity measures for the non-oligarchs is strong degrowth and crime from multiplier effects.
While Trump is likely to be extremely divisive and angering socially, it is economics and geopolitics that will collapse the US. Deregulating banks is letting the fractional reserve system use a riskier lower fraction. Biden was very good at strengthening the subjugation of US colonies, but he pushed away majority of the world. There is major risk that Trump pushes away colonies without making the world more trusting of US. https://www.nakedcapitalism.com/2024/11/requiem-for-an-empire.html
What destroys America is the hubris of thinking it is winning, and that it can win over the world. Fighting China instead of getting cheap stuff is a mistake. Investing in dead ender climate terrorist energy is a mistake. Promising reindustrialization is a lie, and tariffs won’t do it. It will bleed Americans dry while letting oligarchs pillage what’s left.
Weaponizing AI to control population, and kill people is the new priority. Putting your hopes in DNC so that they can undo project 2025 is controlling you in a way that doesn’t avert the path to collapse in any way.
The only escape is UBI and peace. Not something a Israel supremacist neocon DNC wants, because UBI is power redistribution instead of wealth redistribution. The binary of AI and automation is either cooperation where abundance and the profits from abundance can be shared, or extermination of useless riff raff that dares to whine about oligarchy and empire.
I hope that’s not your opinion of nuclear energy. People criticizing it miss the fact that a grid has to support some baseline.
All things are good and needed, which are not about burning fossil fuels (and sometimes even those, if getting “greener” energy somewhere pollutes more than just taking a canister of gasoline or diesel fuel). And the more diverse energy supply is, the smaller is each particular environmental impact, be it from greenhouse gases, lithium, ruining watersheds when building hydroelectric stations, similar impacts of wind farms, oil spills, escaping gases, toxic liquids, plastics, … .
People miss that nuance. You make humanity sustainable again by diversifying as much as possible, so that any particular kind of harm would be minimized, and so that no particular industry would possess strategic power. Not by dividing energy into holy and unholy and burning witches. It’s just math.
Promising won’t because promising ain’t doing.
But input is leverage, and leverage is power. Look how “free” input from corporations into Linux gave them control over it. So if reindustrialization really-really happens, it will improve politics of your country. It’s the way it works. When you live off cheap Chinese labor, your economy depends less on your own.
Agreed.
I personally have doubts about UBI. It requires fiscal discipline that no recent US government had. Otherwise it speeds up inflation. Not significantly if we compare it to corporate bailouts, but still.
Peace is always good. But war is a symptom of problems that still would exist if there were no war.
I’ve recently watched an interview by Bill Joy (the Sun founder) where he mentions how clear water access has done much more to reduce mortality in the world than antibiotics. I think it’s the same with accessible good automation vs “AI” and other hype phenomena. I think non-oligopolized tech industry and non-oligopolized Web would do hell of a lot more for all kinds of abundance than any new magic wand like “AI”.