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0 sats \ 3 replies \ @CliffBadger 4h \ parent \ on: The foolish temptation to feel superior AskSN
This is a cargo cult mentality. You're looking at the external trappings of wealth. The US did not get rich by having a large military. It got rich first, then it bought a large military. And US dollar dominance is a market choice that is unenforceable by military intervention. No one is forced to buy the dollar or US debt. They might be forced to accept it as a payment method, but actively buying and holding it is a personal decision.
There's no such thing as "mixed." Either the state or the market is in control of capital allocation. It's a win-lose competition. They have completely different interests. You just call it mixed to pay lip service to the idea that the market has some kind of input when it doesn't. The state does not care about the market's preferences, or it wouldn't be meddling in economic decisions in the first place.
It's your subjective preference to count helicopters instead of bitcoins.
Study the history of the USA- no other nation has in modern times infiltrated, assassinated and other-thrown more governments and killed more people than the USA- all in the name of US wealth, power and hegemony.
There is absolutely such a thing as a mixed economy- study economics and learn.
It is for example where China directs capital to the mining and refining of rare earths which are in turn used by multiple Chinese companies to make all manner of modern high tech products from drones to EVs, PVs, electric motors, generators, rockets, robots and many many more military industrial products all giving China real and significant strategic and economic advantage over the 'free market' west where they do not have an assured supply of rare earths and now cannot fight a war of any size for at least ten years.
China won the trade war using the mixed economy model and now looks like gaining global hegemony because the crony capitalist west forgot the huge importance of strategic investment in supply chains, skills and infrastructure- something a mixed economy can do very well.
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no other nation has in modern times infiltrated, assasinated and other-thrown more governments and killed more people that=n the USA- all in the name of US wealth power and hegemony.
And you think it worked? You think the US got rich by invading Iraq?
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Since Iraq the US empire has been in obvious decline.
Most of the oilfields in Iraq are being developed and operated by Chinese engineers and companies- because China has built a more effective global mercantile and resource development program than the corrupt militaristic US one.
Chinas mixed economy model is beating the west at its own game.
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