100 karma · joined October 11, 2021
Fast one - the one that used journalism (so called 4th branch of government) that enjoyed public trust and more or less was factual which in turn kept public opinion more or less in one shared and factual reality. This in turn put pressure on actual government in between elections.
And there is second one - slower - public could change government in elections based on the lived experience of last N years.
The monopolies broke 1st loop completely. And the 2nd was hindered. Now ppl cannot choose directionally in slow loop (elections) what is good for their self interest bcs they do not have factual picture of reality. So they can choose based on vibes which in turn is as good as "random move away form current status quo".
IMHO still way better then autocracy.
Case in point - ppl voted for Trump among other things bcs of gasoline prices. How it turned out...
And why right wing - bcs said monopolies put thumb on the scale - as their are capital after all. And they do have more self awareness what is best for their interest. If democracy survives next will move will be ditching current right wing for whatever else and then even monopolies thumb on scale probably will not help current regimes.
And when one comperes wages - PPP should be used. US is really expensive compared to the most of UE. But even then it is not whole picture. For example I can live comfortably with one car in my household. In US I would need 3.
Yes, but there are limits on the minimum size. The smallest off the shelf tag I have seen is about 10mm diameter disk sticker.
Also I am of not very popular anymore opinions that not distorted trade help both sides of the trade and immigrants really help economy of country that they immigrate into. Including workers.
1. Lack of oligarchy - which in fact was not obvious outcome and little bit of luck on our part and little bit of cultural zeitgeist of 90ties and 00ths. 2. No east-west dithering - PL knew right away to which economic and cultural sphere wanted to belong
Basically they argue that US (and other trade deficit countries) and China (and other trade surplus countries) are creating mirror imbalances that would have to be rectified - either by policy actions or when driven up to conclusion by system breakage. Like Great Depression or Japan lost decade on the surplus side. And possibly inflationary crisis on deficit countries (but this is my interpretation - I do not think they claim that and I might have not understood something).
In that lenses latest political development in US does make more sense.
(1) trade deficit pushes assets price up - as dolar from trade surplus has to return to US somehow - to buy stocks for example. That would also explain why market looks so good even if "real economy" is not so hot - but as US trade deficit is big so is stock demand. Similarly trade deficit pushes unemployment up - to keep it in check federal policy has to intervene. Could be by Biden IRA or by Trump big defense spending. This in turn results in big budget deficits.
Ehem - what is the difference compered to now? Wasn't programmers obsolete by 6mths ago and nobody would work so we do need UBI?
However your point that if everybody are thinking there is buble there is none is valid. Ironically your whole post undermine this point. And you are not alone in your analysis. General bubble wisdom is not settled as one might think.
Plus famous Alan Greenspan "irrational exuberance" was in 1996. And AFAIK in 1999 everybody know there is buble but it busted only in 2000. On top of that I have seen overlying plots of stock prices now and before dot com suggesting there is 1-2 years of increases still to go.
Not allowed by EU law obviously. Role of courts (in general) is interpreting law and thus deciding how said laws apply case by case. Law in EU flows down from EU treaties that where negotiated and signed by member countries. The big ones (treaties) needed also be "ratified" by country wide referenda.
It is totally ahistoric to pin any actions of USSR on fear or just reaction to external events. If WWII was continuation of WWI (in my and many opinion it was) both Germany and USRR were revanchist powers that wanted to reverse outcome of WWI. Many forgot that Russia later USSR lost WWI badly. Plus Stalin after very, very, bloody consolidation of power in 30ties was ready (in fact it was imperative for regime stability) to start outward aggression/expansion.
Furthermore historian believe that Stalin knew that confrontation w/ Germany is inevitable but (more popular opinion) was estimating it will happen one year later at least or (less popular, even fringe opinion) was amassing forces to attack Germany and was cough by Nazis w/ "pants down". Either scenario would be explanation for initial successes of Operation Barbarossa.
Fun fact - last train with grain from USSR to Germany crossed border few minutes before start of Operation Barbarossa.
In summary - Soviets and Nazis were allies till 1941 - both parties know it was tactical alliance not unlike USSR - GB/USA against Germany and at the very end Japan. Note that after WWII there was cold war between former allies - not unlike like hot war between former alliance parties of Nazis and Soviets.
Second fun fact: Orwell's "oceania was always at war with eastasia" from 1984 is direct reference to how alliances were changing during WWII.
Apple at least have full control on hardware stack (Qualcomm do not as they only sells chips to others).