The Impending Death of Modern Capitalism
Let's make sure we're all on the same page on the definition of capitalism.
It's basically a system in which private owne
25) How will censorship work? I can make a youtube video or bolster on CNN how Trump's dick looks like a mushroom, or make a video of me firing a load into a cardboard cutout of Trump's ass in my backyard. There are very good reasons why Mao and the old SU didn't couldn't offer that type of luxury. Can we still allow this level of dissent in a place doesn't have popular vote?
26) Will every citizen be free to leave the US?
27) Will this govt be printing money to meet it's new demand for goods?
28) Are guns allowed?
25) How will censorship work? I can make a youtube video or bolster on CNN how Trump's dick looks like a mushroom, or make a video of me firing a load into a cardboard cutout of Trump's ass in my backyard. There are very good reasons why Mao and the old SU didn't couldn't offer that type of luxury. Can we still allow this level of dissent in a place doesn't have popular vot
Lack of free speech fosters governments which can't function if it is allowed. Free speech is a powerful political catalyst, which tends to cause government to lose popularity rather quickly.
As for whether guns would be allowed, free speech and assembly is fundamental to all human rights / legal rights. If you don't have free speech, a government can can make it illegal to speak in favor of any other right. If you don't have the right to assembly, a government can make it illegal to organize in favor of a right.
Once they do that, removing said rights is not difficult. You can even leave them on paper, and just make it illegal to point out that nobody has them anymore.
Moody's become the last major credit rating agency to downgrade US debt ratings while the GOP Congress is hell bent on amplifying the debt with more tax cuts for the rich. . Collapse is picking up steam.
Moody's become the last major credit rating agency to downgrade US debt ratings while the GOP Congress is hell bent on amplifying the debt with more tax cuts for the rich. . Collapse is picking up steam.
Jamie Dimon also believing a recession is around the corner.
Jamie Dimon believes markets have been snookered
Dimon also now believes that the risk of an economic slowdown is being underappreciated and that the stock market could easily slump soon as the higher costs for goods finally hit companies' bottom lines.
Perhaps most concerning about Dimon's comments is his belief that even central banks will be powerless to prevent the worst-case scenario from happening, should the economy reach the tipping point.
The last time we were downgraded to AA was in 2011 in which the Dow was at 9000 and then proceeded to triple in the next 10 years.
But if we continue to fall apart and collapse we could end up reaching the same A1 rating of that of China or fall off the edge and end up with a non existent rating like Russia.
...because I'm sure that you really care about any of it.
Jamie Dimon also believing a recession is around the corner.Jamie Dimon believes markets have been snookeredThe last time we were downgraded to AA was in 2011 in which the Dow was at 9000 and then proceeded to triple in the next 10 years.But if we continue to fall apart and collapse we could end up reaching the same A1 rating of that of China or fall off the edge and end up wit
The bold is just false.
SP downgraded in 2011 yes.
But Fitch downgraded in 2023.
https://www.fitchratings.com/research/so...
The only reason it wasn't talked about as much as now is that the president was a democrat.
The absurd control of the media by centrist democrats made sure of that, outside what "very serious people" would call rightwing bubbles, the evidently equally grave downgrade under Biden was a nothing burger for the media.
Because the media is overwhelmingly biased in favor of centrist democrats in a way that should make you shiver when you think about that.
Especially now that you realize you completely memory holed the downgrade under Biden.
Looks like a capitalistic framework with strong social protections wins over confidence. Nut Nut, which of these countries are good enough for you?
Highest rated ...
1. Germany
Rating: AAA (Moody's, S&P, Fitch)
System: Social market economy – Capitalist with strong worker protections, healthcare, and public services.
2. Switzerland
Rating: AAA (Moody's, S&P, Fitch)
System: Free-market capitalism – Minimal regulation, low taxes, very finance-friendly.
3. Singapore
Rating: AAA (Moody's, S&P, Fitch)
System: State-guided capitalism – Open market with significant government ownership in key sectors.
4. Australia
Rating: AAA (Moody's, S&P, Fitch)
System: Mixed-market capitalism – Free-market driven with universal healthcare and a robust welfare system.
5. Norway
Rating: AAA (Moody's only)
System: Nordic model – Capitalist economy with high taxes, generous social programs, and a large sovereign wealth fund.
6. Sweden
Rating: AAA (Moody's only)
System: Nordic model – Capitalist base with strong public services, free education, and healthcare.
7. Netherlands
Rating: AAA (Moody's only)
System: Mixed-market economy – Capitalist with comprehensive labor protections and social safety nets.
8. Denmark
Rating: AAA (Moody's only)
System: Nordic model – Capitalist with high public spending on health, education, and infrastructure.
9. Canada
Rating: AAA (Moody's only)
System: Mixed capitalist economy – Market-driven with government-run healthcare and moderate regulation.
10. New Zealand
Rating: AAA (Moody's only)
System: Market capitalism – Small, open economy with strong property rights and low trade barriers.
48. China
Rating: A+ (S&P)
System: State owned enterprises with heavy government control.
190. North Korea
Rating: F-
System: Nut Nut's system.
A list that classifies Switzerland as "minimal regulation" must have been dreamed up by retired bankers.
I mean, it is pro-business and friendly to foreign investment, but it is extremely regulated.
Looks like a capitalistic framework with strong social protections wins over confidence. Nut Nut, which of these countries are good enough for you? Highest rated ...1. GermanyRating: AAA (Moody's, S&P, Fitch)System: Social market economy – Capitalist with strong worker protections, healthcare, and public services.2. SwitzerlandRating: AAA (Moody's, S&P, Fitch)System: Free-mar
The system which emerges after laissez faire capitalism collapses will most closely resemble current day China.
But that future system will no longer have the same paradigm of national sovereignty which divides the world's population into national "tribes". There may be 3 or 4 regional or continental superpowers (Americas, EU, Asia, Russia) or one unified global government.
Centralized governance will be necessary to manage and survive Earth's dwindling resource pool. Climate change is becoming the issue which will force us into global governance in order to survive.
The US will be the last superpower among the existing pool of nations. The collapse of the US economy is well under way.
If someone were to try and define the United States of the last half century ..... which definition would they arrive at ? The only consistent characteristic of the last half century is the rich get richer and the poor get poorer. So the definition of the US is basically a wealth concentration engine. It's equivalent to cancer. We have metastatic wealth concentration which is destroying the social fabric.
Personally, I'm doing fine .... but I'm not bubbled off from the experience of the masses in the US. Social stability is the foundation of national security and the masses in the US are frightened. The wealthy don't know how to do anything other than hoard. It's designed to fail.
lololololol that guy is a nutjob, i've known him for years on quora where he's one of the most active posters
how da fuq did you come across his tweets? he only has 248 followers
he's legit deranged, his quora bio is more of the "omg just leave me alone i'm very private" and then posts a link to his blog and even his flickr account which has screenshots of his personal address, email address, etc
The system which emerges after laissez faire capitalism collapses will most closely resemble current day China.
.
China's model relies on authoritarian control, censorship, and limited freedoms - something you support but is also something that you and wazz agree on in that most societies would strongly and rightfully reject.
So does China's centralized government that you propose start tackling climate issues after they rule 5 billion people instead of 1 billion? Because their system has unsurprisingly ****ed up the environment far more than the US or the Nordic system. But I really don't think you don't you give a **** about the environment. You have a strong desire to control others.
China's model relies on authoritarian control, censorship, and limited freedoms - something you support but is also something that you and wazz agree on in that most societies would strongly and rightfully reject. So does China's centralized government that you propose start tackling climate issues after they rule 5 billion people instead of 1 billion? Because their system ha
something very poorly understood about china is they have far more freedom than we do
they can literally do whatever they want short of murder and trying to overthrow the government
want to block traffic setting up a fireworks show in the middle of a busy highway because that'll be the ideal setting to view the display for your wedding guests - sure go for it and people will just drive around it or wait
want to drink in public, go for it
want to just fence off the public space in between your 1st floor window and the sidewalk to create a mini private yard - sure just do it and then if it gets enforced or not is entirely dependent on whether any neighbors hate you enough to rat you out and the authorities caring more about them than you and also caring enough to make you undo it
in fact, the only cops anyone actually defers to in china are the public security bureau, anyone else (the vast majority) are dismissed out of hand like we dismiss mall cops and you regularly see people absolutely losing their shlt on them publicly all the time and sometimes they even literally beat up the cop for pulling them over and it'll make the news
AI Overview
China is the world's leading nation in renewable energy, particularly in solar and wind power. It is also the world's largest electricity consumer, and clean generation met over 80% of its demand growth in 2024, according to Ember. Despite this progress, fossil fuels still provide a significant portion of China's electricity.
Key Aspects of China's Renewable Energy Efforts:
Rapid Growth:
China has seen explosive growth in solar and wind power generation, contributing more than half of the global increase in both sectors.
World Leader:
China is the world's leading country in installed renewable energy capacity, particularly in hydro, solar, and wind power.
High Installed Capacity:
China's installed capacity of solar and wind power is significantly larger than that of other countries.
Technological Advancements:
China is a global leader in developing and deploying renewable energy technologies.
Policy Support:
The Chinese government has implemented policies to promote renewable energy development, including subsidies and regulations.
Energy Security:
China views renewable energy as a key source of energy security, reducing reliance on fossil fuels and geopolitical tensions.
Green Electrification:
China's renewable energy sector is playing a crucial role in the country's green electrification plan, contributing to meeting growing electricity demand.
Carbon Neutrality Goals:
China has committed to achieving carbon neutrality by 2060 and peaking emissions before 2030, with renewable energy playing a key role in achieving these targets.
International Leadership:
China is not only focusing on domestic renewable energy but also exports green energy technologies and products to the global market.
We should be beating them on renewable energy/green tech/ but we're kidding ourselves
It looks like China has been doing a much better job since covid and since signing the Paris Accord in 2015. I'd imagine that they would be somewhat incentivized to get their air pollution levels down when they are responsible for the health of that many people.
I have definitely been playing too much devil's advocate against China when having these modern day pro communism talks because I think China does a lot of things well. But I do find the certain alternative solutions to things like debt/gdp, soil degradation, human rights and surveillance to be a bit telling.
If someone were to try and define the United States of the last half century ..... which definition would they arrive at ? The only consistent characteristic of the last half century is the rich get richer and the poor get poorer. So the definition of the US is basically a wealth concentration engine. It's equivalent to cancer. We have metastatic wealth concentration which is d
In that sense, I'd say it’s the rhetoric around wealth concentration that more directly strains the social fabric, not the concentration itself.
Even if we took all the wealth from the top 1% and redistributed it to the "masses in the U.S.," the living standards of the masses won't really improve much. Those living standards can't improve to any significant degree because it's not like the masses could then sell their stocks and bonds back to themselves and have some additional money to increase their living standards with.
In that sense, I'd say it’s the rhetoric around wealth concentration that more directly strains the social fabric, not the concentration itself. Even if we took all the wealth from the top 1% and redistributed it to the "masses in the U.S.," the living standards of the masses won't really improve much. Those living standards can't improve to any significant degree because
i dont think thats what people are saying .
u do understand compounding effect right ?
i dont think thats what people are saying .
u do understand compounding effect right ?
Sure but it doesn't factor in because the masses won't be able to capitalize on that in the future any more than in the present. Seizing the wealth is basically seizing control of corporations. That's it; there's no big financial windfall for the people even though their paper wealth has increased. But financial assets aren't liquid purchasing power and really can't become so if the people own all the wealth because they can't sell it back to themselves. And it's not like they can give themselves a raise without reducing the measly dividend checks spread out over hundreds of millions of people. So not much would change for people in terms of living standards.
Sure but it doesn't factor in because the masses won't be able to capitalize on that in the future any more than in the present. Seizing the wealth is basically seizing control of corporations. That's it; there's no big financial windfall for the people even though their paper wealth has increased. But financial assets aren't liquid purchasing power and really can't become so i
In other words, corporate profits as a % of gdp are around 10%.
Even believing that they stay the same when fully managed by the public (lololol at believing that), and even disregarding the fact that foreigners own some of those corporations (or stocks), collective owenership of every single corporation (that includes all non listed ones as well, from mom and pop stores to bloomberg and everything in between) would allow 8k per year to be distributed per person.
8k/year isn't nothing ofc, but it doesn't materially fix anything other that abject poverty (which is kinda rare in the USA among citizens). And again 8k is the absolute upper limit if everything goes perfect in communist-land
Reading some suggestions that Canada join the European Union.
Global trade may be in the process of adapting to circumvent the reliance on the USA.
Reading some suggestions that Canada join the European Union.
Global trade may be in the process of adapting to circumvent the reliance on the USA.
Should post a link .
Definitely less reliance on the US soul be a plus .
The US weaponized the US dollar, now they weaponize trade…
Believing forcing people to rely less on the US dollar and US trade being a good thing for most Americans is something ….
Reading some suggestions that Canada join the European Union.
Global trade may be in the process of adapting to circumvent the reliance on the USA.
Some big trade deal between the EU and the CPTPP (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom and Vietnam) would be awesome. I hope some are quietly working on it.
USA can rejoin the realtively civilised world one day
it's 9pm (UTC+2), June 12 of 2025 and capitalism hasn't died yet
