There's that word 'parasitic' again. I used it in a comment yesterday about the west and what it's doing to Gaza, and now I keep seeing it. Because it's accurate? I think so.
Nice rant Karl!! Neoliberalism is whats driving the collective west into ruin while the rest of the world is rising with socialism. That's why the narrative that socialism is evil is driven into our minds on a daily basis.
BTW every billionaire alive today would be in the same poverty as the rest of us renters if not for govt largesse to them all.
I don't know how it all ends, by revolution, economic collapse, war, but the collapse is right around the corner if not in the next house
BUT OF COURSE! Thank you, Karl. Why I did not think about it?????? It is a similar move as in the Iraq war to eliminate the old stock (in my opinion) to clear a way for modern production: “Contextually, we have the announcement that the Outlaw US Empire is clearing out its arms locker and sending the last remaining dangerous goods—Anti-personnel mines that most nations have banned….”
i always thought thatcher, reagan and mulroney at the beginning of the 80's were the driving force being the ideology of neoliberalism... i never thought of carter in this context, although it might be true the economy stalled during his tenure - i have no idea...
Not sure all the hullabaloo is about. Economic growth energy security, public works projects to name a few are hallmarks of any advancing society and don't need to be an economist to understand. Your last piece on Russia 8 national projects that I commented on in respect to energy security further exemplifies what your saying on that but please correct me if I misunderstood.
GDP growth is not clear to me. I am expecting a recession. the Biden econ stats are not trustworthy, which caused the Fed, having its own source of better data, to decrease the Fed Funds rate by 50 basis points. A rising tide will lift all boats and it is not clear to me that we will see one. Wall Street's forecasts are for minor increases in equity valuations in some of the near term years ahead.
The US could still be the best horse in the glue factory, not considering Russia's phenomenal growth.
There's that word 'parasitic' again. I used it in a comment yesterday about the west and what it's doing to Gaza, and now I keep seeing it. Because it's accurate? I think so.
There was a time when bankers and other grifters were called leeches. Apt!
Nice rant Karl!! Neoliberalism is whats driving the collective west into ruin while the rest of the world is rising with socialism. That's why the narrative that socialism is evil is driven into our minds on a daily basis.
BTW every billionaire alive today would be in the same poverty as the rest of us renters if not for govt largesse to them all.
I don't know how it all ends, by revolution, economic collapse, war, but the collapse is right around the corner if not in the next house
BUT OF COURSE! Thank you, Karl. Why I did not think about it?????? It is a similar move as in the Iraq war to eliminate the old stock (in my opinion) to clear a way for modern production: “Contextually, we have the announcement that the Outlaw US Empire is clearing out its arms locker and sending the last remaining dangerous goods—Anti-personnel mines that most nations have banned….”
i always thought thatcher, reagan and mulroney at the beginning of the 80's were the driving force being the ideology of neoliberalism... i never thought of carter in this context, although it might be true the economy stalled during his tenure - i have no idea...
Well said.
Not sure all the hullabaloo is about. Economic growth energy security, public works projects to name a few are hallmarks of any advancing society and don't need to be an economist to understand. Your last piece on Russia 8 national projects that I commented on in respect to energy security further exemplifies what your saying on that but please correct me if I misunderstood.
Correct forecast on Trump's economy.
GDP growth is not clear to me. I am expecting a recession. the Biden econ stats are not trustworthy, which caused the Fed, having its own source of better data, to decrease the Fed Funds rate by 50 basis points. A rising tide will lift all boats and it is not clear to me that we will see one. Wall Street's forecasts are for minor increases in equity valuations in some of the near term years ahead.
The US could still be the best horse in the glue factory, not considering Russia's phenomenal growth.