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0 sats \ 11 replies \ @CliffBadger 19 Sep \ parent \ on: The West trapped in cult of financialisation- losing its engineering advantage. econ
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'No where did the US ever turn a profit profit from fulfilling a war goal.'
This is fucking hilarious, extreme and TRAGIC ignorance you are spouting.
Petrodollar
Have you not heard about the million Indonesians murdered on the orders of the CIA and the later carve up of Indonesian resources wealth to US corporates?
You might like to read some history starting with US involvement in The Opium Wars.
Then read about the US involvement in the assassination of Irans democratically elected leader Mossadagh.
Chile, El Salvador, The Contras (Nicaragua), Vietnam, Cambodia, Afghanistan, Libya and many many more...all US military power projection serving to protect and promote US Corporate Interests!
The ONGOING US drone strikes in breach of international law that kill an estimated 50 innocant bystanders for every enemy combatant suspect killed. yes suspect as in untried.
Your ignorance of US imperialism is tragic and undermines any ability for me to take anything else you say seriously.
Seriously read some history and get your head out of the arsehole of Libertarian Mises Institute Bullshit.
All of the above are tragic examples of the 'compromises' that become imperative as nations gain super power status and lose sight of the democratic and fundamental principles that they may have been founded upon.
China in emerging as a super power is no less prone to these imperatives but to date has not displayed anything even approaching the brutality and extent of US imperialist militarism. The US has hundreds of declared military bases globally and many hundreds more undeclared...there is a reason for this and much of it is documented- do some reading.
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WW2 never ended in Korea...
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Lol ok Uncle Sam nice story.
The truth is is power corrupts and the contest for resources is fundamental to life and DNA.
And the winner tells their story justifying their actions and ends up believing it.
The USA has been the winner until recently but now its financially unviable.
The Jewish bankers who have funded western imperialism for centuries are restless.
China has won the trade war and Americans find that inconvenient to the US exceptionalist narrative that they have come to believe in.
Empires rise and fall.
Because success breeds arrogance and entitlement and defeat sometimes results in determination and resolve to regain former power and glory if the cultural narrative, mass and memory is strong enough...and in China it is.
China was just too big for any western imperialist to swallow- even Japan couldn't do it.
If you want to understand China today go back at least to the Opium Wars- some famous Americans made a lot of bucks out of the Opium trade...
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Most Chinese are well aware of the history that lead to the 100 years of humiliation but are now looking forward to a future where Chinese self determination, wealth and security look likely to be achieved despite the brutal nature of western imperialism.
The process has been brutal, including the excesses of Maoism- the process of adapting to and responding to western imperialism is not one most cultures have had the cultural strength and depth to achieve.
Most westerners are ignorant of the history and thus in denial, and, so, sadly, may have to suffer their own hundred years of humiliation before waking up to the consequences of the Opium Wars and the multiple other brutal manifestations of western imperialism.
The Chinese when confronted by British imperialism were naive, believing that the British would not impose upon Chinese sovereignty in the way the British and other western powers did- they were wrong- the Chinese have learned from that error...while most in the west have now become just as naive-arrogant-entitled in their supposed 'right' to global dominance.
History repeats.
This is the pattern of the rise and fall of empires.
The struggle for control over territory and resources is deeply embedded in our DNA.
Learn from it or experience the humiliation of subjugation.
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Good luck with that.
Britain acquired Hong Kong via military force and there established the banks which enabled the slavery of China via the Opium Trade.
Military power and monetary hegemony have always been parallel imperatives of empire at least since Jesus recommended you pay your taxes to Rome....
Bitcoin is a nice asymmetric alternative and hedge against the decline of the US petrodollar, but is more or less obstructed as a MoE by all the legacy fiat powers.
China has won the trade war and is in the process of reverse engineering the monetary system hegemony of the west via Hong Kong.
We do not know exactly how this will play out but we can learn from history.
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