Okay, that explains Trump, but Biden?
maynarkh
joined 2 years ago
The question would more likely be, why is it too late to have a different candidate run against Trump?
If the debt was owed to banks, then... heeee hee
We stayed up to watch it here across the pond, made it to 10 minutes.
Seriously, WTF is going on over there? How are these two people the top candidates to represent 380 million people?
The socialist left of Europe wants a UBI, forced dismantlement of megacorps in favour of cooperatives, harsh wealth taxes on net worth, separation of investment and commercial banking and so on. In comparison, Bernie wants a functional public healthcare system, and US oligarchs to pay at least some taxes.
The problem is that it kneecaps the experience for people who newly join, because they get faced with an unopposed blender of fascist propaganda, and may be immediately turned off the whole platform.
It is complicated, because the largest green energy manufacturer on the planet also has the largest CO2 emissions on the planet by far, three times that of the US - one could bring up the fact that they also have a lot of people, but how much of China's emissions are driven by export vs domestic consumption?
Also, the shenanigans Russia pulled with Germany has the collective West wary of becoming dependent on a hostile authoritarian country for any staple import.
I'm not saying Biden's perfect, far from it, but a strategy of "let's go chummy with this big authoritarian country, they can't attack us if our economies become codependent" has been tried here in the EU, and the results so far are hundreds of thousands dead and a nearly crashed economy.
In either case, it's a self-fulfilling prophecy, since only the poor would remain in a food desert, if you have money, you have options.
Sorry you had to find out this way
Some people have it as their only choice due to living in a food desert. Imagine how fucked up is that.
So if I understand correctly, the reason it's outdated is not because we don't need those pesky banking regulations any more, but that it has been found that banks will just take out their own loans to cover the reserves they need from the central bank, so they can just lend as much as they want, no seatbelts. And the central bank will never run out of loans to give, since they have insane reserves, in their own currency it is technically unlimited.
So money is not really the thing we think it is. If banks overextend themselves and fuck up, the only thing we'll see instead of failing banks is runaway inflation in the consumer and asset (housing) markets. Wonder where I've seen that.
Do we have insurance for that?