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The “China was ripping us off” is such a gaslight

US policymakers intentionally designed a system where we could get cheap stuff and labor from China to reduce inflation and costs of living here in America

The CCP has happy to play its part but this was intentional

We aren’t a victim here, we got to buy unlimited stuff with debt issuance with China as the factory with lower wages that we could possibly have here

Take China away and we have crazy inflation after the Great Financial Crisis

Today the system is wobbling, and needs some kind of reset, but don’t let them fool you into thinking we were getting “ripped off”

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Discussion

Empka 8mo ago

"chatgpt, how do I dampen an escalating trade war"

Resonance Cascade The II 8mo ago

Given enough time, the trade war will 'dampen' as you say to non existent, but this is always due to a hot war commencing.

Sovereign Being 8mo ago

A reset, you say? Perhaps a great reset? 👀

gladstein 8mo ago

Yes

DRE 8mo ago

US policymakers are not the “us” obviously

China and US policymakers were ripping off small businesses and the workers of this country. You know the people that voted for Trump because no one else gave a shit about them.

China has also stolen billions worth of IP. It’s a gaslight if you’re a rent seeker elite. That’s who was screeching about the tariffs.

https://youtu.be/gyRXiXQlTMQ

El Zeta 8mo ago

The upper class completely sold this country out a long time ago. We barely make anything here anymore

DRE 8mo ago

Yep, we gotta start making things other than bombs for israel lol

El Zeta 8mo ago

Exactly lol

OceanSlim 8mo ago 💬 1

We did get ripped off... By the politicians...

gladstein 8mo ago

Well

Your life is way cheaper than it would have been otherwise

DRE 8mo ago

At what cost? There’s no free lunch

Who needs a thriving society that makes stuff when you have really cheap TVs from Asia instead?

Oren ☂️ 8mo ago

Isn't a reduction in the production cost of things in the CPI automatically matched by enough money-printing, to hit the 2% inflation target?

OceanSlim 8mo ago

Yes but our cost of living are disproportionately lower than the rest of the world because of us debt expansion. It's why the global south is still largely undeveloped in the modern age.

Lostdog 8mo ago

And who voted them into office...?

gladstein 8mo ago

Democrats, Clinton was the main architect here

OceanSlim 8mo ago

Public school attendees mostly.

OceanSlim 8mo ago

ie the people. The people who have gone through a system designed to make them vote against their best interests.

BDC 8mo ago

Don’t make me tap the sign. lol

————

| BTC |

| Fixes |

| This |

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Diacone Frost 8mo ago

I vaguely remember a speech from Friedman where he compared producers and consumers view.

when you have a household is it better to for you to get more things in then you have to give out?

Brisket 8mo ago

It's the Chinese people who got ripped off.

They became slaves to the US while their Govt accumulated gold & embedded their social control system.

JT 8mo ago

You should've outsourced this post to an Indian call center.

Undisciplined 8mo ago

We (regular American and Chinese people) have been getting ripped off. They (American and Chinese ruling class) have been ripping us off. The issue is the statist linguistic trick of getting regular people to identify with the regime.

satoshi jr 8mo ago

Bingo

youngMoney 8mo ago

I beg to differ

Coolcat 8mo ago

This deserves negative zaps

JustinErtia 8mo ago

No, that's upside down. China never got out from under its 1 child policy demographic tyranny. Then Maurice Strong fled there and managed the global warming hoax that saw the first tranche of outsourced manufacturing/ energy resource under the Kyoto Protocol in '97. Have you ever done business with Chinese companies? No intellectual copyright and they just simply steal your product. China every bit a perpetrator not a victim.

gladstein 8mo ago

The point is the American side of the equation was designed and intentional

Rand 8mo ago

take IT back to source*/*

Ľḭṿḙśƫṟãɖãṁṹṧ💫#RunCoreV30 8mo ago

Well said

Nadia 8mo ago

EXACTLY

unknown 8mo ago

nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu speaking sense.

nostr:nevent1qqsqn3weemqk3ypdfhaxrhx36rmehau4s3wqewr7xzvu2k6l35ywy9qpz3mhxue69uhkummnw3ezummcw3ezuer9wcaaps2k

Moss 8mo ago

I agree. If the US government had used the tens of trillions of dollars spent on the military-industrial complex and wars to invest in manufacturing infrastructure, manufacturing industry upgrades, and labor rights, the US would have remained the world's largest manufacturing power. China has invested all its money in upgrading its infrastructure over the past few decades.

Silberengel 8mo ago

There's no conflict between investing in manufacturing and investing in military.

Moss 8mo ago

Funds are limited and money doesn't lie. Investing in war is different from investing in infrastructure. Infrastructure benefits everyone, while war benefits only a few people.

Silberengel 8mo ago

It's actually not different as military tech advances drive infrastructure investment. The Autobahn, for instance, was invented to move tanks. The Romans built sturdy roads and bridges, and invented logistics, to move their armies faster. AI, satellite, and drone tech is advancing so quickly because of the Ukraine war. A lot of medical advancement comes from battlefield hospitals.

And etc. Even a lot of seemingly peaceful advancement, like Bitcoin and Nostr, are effectively a form of libertarian insurrection or covert guerilla warfare. Peacetime doesn't lead to invention or infrastructure improvements, it leads to widespread sloth, atrophy, and decadence.

That's where the "hard times make strong men" meme comes from. Those who fight, build. There are only the quick and the dead.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 8mo ago

game theory is central to warfare, security of a society, and network security

what makes a peaceful society is a society full of people who are capable of defending themselves

what i will say is that "war" has connotations with aggression, and defence is just security and retribution (retribution means returning what was stolen to the victim of theft).

i'd rather call it antiparasitic technology, what we are doing with nostr and with bitcoin

parasites are the ones who initiate violence, retribution is the same as being deloused.

they are lice, pests, they are a pestilence, and never mind anything else, the cost of health, is constant vigilance against parasites

it's the same with keeping a cat, or a herd of sheep, or protecting a flock of sheep from the wild dogs roaming, looking for a lame lamb to gorge on

Silberengel 8mo ago

We are literally the Shadowy Supercoders. 😁

https://github.com/ShadowySupercode

Diacone Frost 8mo ago 💬 1

I assume your keys have been stolen. Probably by Otto von Bismarck?

This is so "that which is seen, and that which is not seen"

What about the opportunity costs, capital consumption, distruption, capital misallocation, and many more negatives of war/fight.

In peacetime, entrepreneurs (and capital) are far more likely to focus on long term investments, research and development.

It's capital accumulation which leads to longer more complex production structures (and innovation/inventions).

And consumers will have more income and will look for new and improved products. Those are again incentives for entrepreneurs.

I'm quite sure this is not exhausted list by far.

Silberengel 8mo ago

I never said that there was no downside to war. Just that major innovation shifts tend to happen during some sort of conflict, so that war industry and industry aren't in conflict.

Diacone Frost 8mo ago

Don't know if that's true.

I quite sure, however, that all that innovation was at expense of something people actually wanted. Misallocated and perhaps wasted.

Moss 8mo ago

All of these things you are talking about are only for the war effort. These are only for a small part. There are some valuable things in war, but the real innovation and infrastructure are obtained from civilian use. I know what you mean. But you may not understand what it means to invest in a country's infrastructure for the time being.

Silberengel 8mo ago

I actually work on big, nationally-significant infrastructure projects and they're always short of funds because peacetime governments prefer spending the money on welfare and companies see maintanence as nothing but a cost center.

Bridges only get fixed, if someone needs to drive tanks over them, and then they get fixed in record time and at any price.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 8mo ago

they do also fix the bridges if them being too weak to take the traffic for the supply lines, for almost anything, munitions and weapons are not all of it, they also need clothes, medical supplies

security is a high level issue but what security means for us plebs and for these warmongers are different things

if we see, what i think we will see maybe in our lifetimes, where the operational scope of a security system is at the level of a county or shire, a lot more of those small things that get lost in the big scale get handled

the escalation from state to federal to union level of focus of security leads to a steady decay of the small things, and the thing is that they don't actually realise something is wrong until one day the enemy rolls up and annexes it

security actually is more effective if its decentralised, even if the enemy is large, because the enemy has a scope scaling problem that the small units don't, and if they are chatty with their neighbours, it doesn't require forced central command to work

it is true, that security is the uppermost requirement in all cases, because if it's not attended to, it gets coopted and anexed and infiltrated

Moss 8mo ago

This is a tragedy. These tanks and artillery will only go to Vietnam, Iraq, and other war-torn countries. These funds will only build bridges and roads in those countries, not in the United States. These bridges and roads will eventually be destroyed by war. The money used to produce planes, artillery, and bullets will only go into the pockets of a few people in the military-industrial complex.

The tens of trillions of dollars spent on foreign wars in recent decades have been exchanged for planes, tanks, artillery, and bullets. If these expenses were exchanged for student education funds and infrastructure construction expenditures, the problem of insufficient funds you mentioned could be solved quickly.

Silberengel 8mo ago

I don't live in the United States. I'm referring to the crumbling German bridges and trains going off of rails, while a third of the federal budget goes to unemployed and retirees.

Moss 8mo ago

The same sadness. Tanks were unable to roll over every bridge and road in the German countryside.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 8mo ago

When they aren't murdering people, they are robbing them and giving the money to agitators to maintain their dominance.

Sooner or later they will lop the branch they sit on. And anyway, there might be a really big reckoning coming for them. I believe it is going to happen soon. 150 years of democide is enough to warrant their permanent expulsion. One long foretold.

cloud fodder 8mo ago

tesla robots, tesla factories

factories piloted via xbox controller

lithium mines in nevada

Rand 8mo ago

NA BIT-ing *B*ait -_o 'O';.;'O'*****/how r *U* thIZ lovely\/\/ay*/*ya

Bitcoin Ranger 8mo ago

Agreed, we got the petro-dollar in return. The world hasn’t been cruel to the US.

Silberengel 8mo ago

High-tech factories running on American soil and consuming American energy, and producing things Americans consume, using raw materials from America, will actually have a lower price point. It's not the 1970s, where labor costs are everything.

EmilG 8mo ago

Wrong! They were for cheap labor, but they were not for giving the IP to China, while China stole and pillage the ideas of American people. They never signed the contract to hand over the intellectual property, but the gangs of China bullied their way through.

Charlie 8mo ago

Totally. Whole thing is cringe