0 sats \ 0 replies \ @Solomonsatoshi 28 Oct \ on: Reality Check In Germany:Volkswagen Plans Massive Job Cuts Amid Economic Turmoil news
This is tragic - the west is collapsing due to woke and identity politics and ignoring the fact that our wealth was built upon and ultimately depends upon the productive economy. The sense of entitlement and willingness to print more shitcoin fiat debt will not fix this.
We have forgotten we are not guaranteed to remain the dominant global culture despite having been for the last 500 years.
China has already beaten the west at its own game - our manufacturing based western economies are disintegrating while China has already gained dominance that is only increasing in terms of trade and manufacturing efficiency.
This gives it control over supply chains and raw materials commodity markets.//control the west once enjoyed and control that almost inevitably results in control over global trade protocols including global payments systems.
China has already established an alternative trade payments network.
This does not look like ending well for western 'liberal democracies'.