China is not a threat to the U.S. because of TicToc. Even as an economic threat, it has already won. China has stayed the course in becoming an industrialized, productive nation. The United States has given into neoconservatives who traded industrialization for finance capitalism and its associated passing around and reframing of dollars. Now we produce nothing, because rent extraction from citizens is easier and more profitable for the oligarchy.
Discussion
A helpful comparison of US and China’s economies by Michael Hudson
It is never too late to rebuild. Europe did it after WW2. The difference is we will have to do it by ourselves, which is more gratifying anyway. Let’s Build/Let’s Bitcoin!
Hey I’m new to the platform and have been reading your stuff. Question on bitcoin, have there been cases where it’s been used to buy property yet?
Love your stuff!
Welcome Brother 😎
Bitcoin has indeed been used to buy property, but I only know of anecdotes. I am not in the position to cite any numbers; no doubt someone on nostr is in a better position to speak to this question.