- cross-posted to:
- economics@lemmy.world
- cross-posted to:
- economics@lemmy.world
- China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
- The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
- U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.
Hopefully the political correction happens fast. The last two tariff wars created massive depressions. The Great depression saw a landslide democratic victory and it took Republicans 60 years to become relevant again. This could be good.
60 years ago there was no fox news and social media. These morons will forget in 2 months let alone 2 or 4 years.
The American electorate dumber than a bag of rocks
Talk to really old people sometime, we haven’t gotten dumber. Maybe more tolerant of dumbness.
I never said we got dumber we’ve been solidly morons since forever
Propaganda is a helluva drug
Rocks are smarter than fucking MAGA. Those neo-Nazi Russian supporting asswipes have a vacuum between their ears.
they had the southern strategy which were racists and bigots, it works.
They could drop all tariffs tonight, but the inertia of new trade deals being made to circumvent the US is pretty strong. It will keep strengthening while the US rots on the vine because they’ve been geopolitically exiled for having revealed themselves to be governmentally retarded.
Especially in everything related to security, like army, navy, space. If we can’t trust the USA when we need to use the weapons we bought, what’s the use buying them in the first place.
This is really shooting thyself in the foot, you can’t just walk back from that disaster.
It’s well understood by business people (at least by competent ones) that if you do something that makes your customer leave, they dont come back.
Can we please this time support the Communist and Socialist organizations that did armed protest in order to get those actual results? Can we please please learn from history and not allow the capitalist to continue to control the means of production? Because in another 100 years we’ll be in the exact same place with the ruling class trying to destroy the social safetynets that only served as temporary measures.
We need a real systemic change in who deciding how the economy is run and who’s interest it is meant to serve.
How long will we keep pretending a bunch of 20-30 year old white dudes in the 1700s had the best idea of how to run things?
Most people recognize that communism as an actual government has been trash, but do strongly support the Nordic model with capitalism coupled with socialist-lite pro worker policies. Free trade and capitalism makes so much money that you can’t do without it, but it does suck for workers because all the money ends up with the owner class. A pro people socialist-lite Nordic model helps everyone but it needs the money from free trade to afford it.
I do understand the difference between communism as an ideal model that only comes after socialism but that’s not how it is used in the real world.
Because the examples where the capitalist were not in control anymore were so good for the average worker?
Replacing a system that fails in one country but essentially nowhere else on the planet, despite being dominant, with a system that failed every single time is not exactly reasonable.
Yeah. I guess we should go back to Monarchy by that logic. Seems to be a very strong system that was strong for centuries and centuries. I guess when the first revolutions against monarchs failed people should have just given up and not tried to improve upon existing systems.
Your argument is literally just in favor of keeping the existing hierarchy because it is the one that exists now. That’s literally all you’re saying.
Zzzzzzz. Get better arguments.
How is that what you got from my comment? Monarchies failed all the time and people were miserable, like in any communist thing we had so far.
Individual Monarchy’s failing is not what I mean. I’m talking about the transition between a world ruled by monarchs under feudalism to a world rule by capitalist under capitalism.
That transition took centuries with many failed attempts to dissolve the Monarchy and replace it with forms of a democracy under different class structures and in many different parts of the world. The one that won out in the west was capitalism. But attempts to dissolve the existing class structures of the monarch failed countless times. And even ones that succeeded also eventually failed.
My point is. You are essentially a peasant in the 1500s saying “the kings is sanctioned by God to rule us! There is clearly no better system! Look at the Greeks! Those idiots tried a class based democracy and it failed! Monarchy has been the best system for centuries! My family was meant to toil the land for the king! The king is much greater than I!”
Capitalist economies have failed, fuedalist economies have failed, socialist economies have failed, that doesn’t mean that this systems are not positive progressions from one another.
It is such a simplistic and naive understanding of history to expect capitalism to continue forever. Especially when it’s systems inherently rely on an oppressive class hierarchy just as the others did.
And many of the brief experiments with socialism have been absolutely successful, beneficial, and most importantly BETTER than the systems that came before it.
Cuba under socialism is SIGNIFICANTLY better than it’s sugar plantation slavery under its fascist dictatorship.
Russia under the USSR was significantly better for its people than under the Tsarist rule. It brought a feudalist peasant society to a state where it defeated the Nazis (most of which Europe failed to do).
To act like an economic system is inherently good or bad is naive. It can absolutely fail and have its problems. But capitalism has absolutely failed and has significantly more problems on our planet than it solves.
If you think that people in the USSR were better off you might want to read about their rights (or rather lack thereof), regardless of Russia, Ukraine etc. Human rights in the Soviet Union It is absolutely crazy how little rights they had, we could easily argue that a peasant in 800 was better off in terms of his rights. If we include the planned starvation of millions, then he was also better off in such basic necessities.
I mean, you’d need a fair election to ever happen again for that.