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RE: 63% of Americans support getting "free money" to combat inflation
that was amazing! Did you write that all off the top of your head?
that was amazing! Did you write that all off the top of your head?
Thank you…yeah, I guess I like chasing the rats in my skull, lol.
Kidding aside…I spend a great deal of my time on economics, finance and geopolitics. I'm a macro kind of person. Meaning I look at the big picture stuff. The long-term global history stuff. And on a relative basis (compared to China), the US is in decline.
This makes me incredibly sad, and concerned. But what makes me optimistic is we (US) have been through this before, we've lost our way, initiated policy that was detrimental to our health, then bounced back. And since 2008 we have been more focused on our problem…and we just got a huge fire lit under our ass after Trump, the Woke and the pandemic (Populist “Rightist” President, “Leftist” Social Movement and supply chain vulnerabilities). The infighting, the polarization, Trump, the Woke, and the craziness in the US is a symptom…not the problem.
The problem collectively is we’ve (the US) been on top (sole global power) for too long…we adopted an attitude of “we can't lose,” which has led us to not try as hard. We've gotten spoiled…complacent…decadent…and indolent. People got used to getting something for nothing. Racking up debt and obligations…and not worrying about how it is going to be paid back. People have learned to expect “buy now pay later,” forming into entitlement.
A pervasive focus on identity politics is a symptom of this. A core piece of identity politics is that “I am born with certain attributes, which make me special, which entitles me to something.” And if you don't agree to that entitlement, then you're the enemy, and I'm going to take it from you. Hitler used that philosophy against the Jews, and Slavic peoples. And it was an easy sell to the German population, because they were hurting economically.
The British went through this phenomenon at the tail end of the Victorian Age...which was right before the two World Wars that buried the British in debt, loss of an Empire and reserve currency status.
It's going to take a lot of work to change this trajectory. That is why we have to make these changes now for the betterment of all Americans...and our friends and allies. And we don't have that long. We probably won't see war in the 2020s, but it looks much more likely in the 2030s. So our economic, political, and military complex needs to be tip-top by then.