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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 6h

Repeat of the capitalist game since WWII. Freewheeling marketeers crash economies to be bailed out by socialist funding.
2 factors determine the incapacity for capitalism to succeed.
Labour always becomes too expensive.
Maldistribution of productivity gains stifles consumption.
Sales tank, jobs go.

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 7h

I remember very well the Reagan gaff: 'My fellow Americans, I have pushed the button'... alright a paraphrase & I cannot be bothered finding the actual sentence.
Joke on us... hahaha... it was just a joke... hahaha! Dementing Reagan was scary. Trump is scarier.
'Hit Venezuela'... 'Peace President'!

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 9h

'Peace President'... pfft.

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 13h

Bessent has committed the classic experiment in trade decoupling ever... in the history of 'EVER'...
Polish the mirror, boy.
Or turn-off the projector behind you.
Or... WAKE... THE... EFFING... UP...
... s.i.g.h...

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 16h

GDP has G = Government in the equation.
ALL advanced economies 'mix' private & public 'investment' & spending. 'G' stands @25% of GDP on average, much higher in some nations eg Nordic.
Notionally, 'G' is a socialist cycle of spend & consume. It includes farmer subsidies & the BIG one, military.

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 18h

Ahh, the cost-of-living crisis that Trump would solve FIRST day in office.
'No inflation'.
Promises made, oops...
And the Peace President considers invading Venezuela. Promise made, oops...
Nevertheless, the Gaza deal does look impressive! Question is: to whom did he make promises to achieve it?

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 19h

Haha!
Rabid anti-communism in US right-wing politics addresses the end-point of nations having trod the state socialist path. The starter state devolved into authoritarianism & cronyism.
Trump's cabal decided to begin at the corrupted end-point & not waste time on pretence. Tyranny pays, then run.

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 19h

'... and the humility to acknowledge what we cannot change'.
Just a line for Bessent along with a furtive pass of a little card having the letters G.A. on it.
Wink. Wink.
Oh, alright: 'Gamblers Anonymous'.

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Apparently the US holds 20% of Argentina's foreign direct investment running over US$14b.
Major proposed U.S. project: OpenAI & Sur Energy plan to develop a ~US$25 billion data center project (“Stargate Argentina”) targeting up to 500 MW of capacity [Reuters].
Currency stability necessary. $$$$$$$s!

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

[As if they are listening...]
Remember Trump & co, following your own line of legal mischief through the FBI & DOJ, it won't be 'witch hunts' in 2029, it will be justice.

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Art of the deal is negotiation.
Compromise... if it ain't on the agenda then 'no deal'.
Art of government is making the deal.
Vicious circle huh when you are incompetent.

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

/5 Chinese macroeconomic reserve of 'currency' [especially GFC Mark I] tells a story about 'investment' that hinges on the exact form of what Chinese political economy is...
... state mercantilism.
Consumption pre-dated the original chartalist notations by 'those-who-own-money'. Why is it fragile?

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

/4 I take a libertarian position and merely wonder rather than author sage texts about the intrinsic nature of the great experiment of post-WWII 'neo-liberalism' & its co-extension into cultures such as China, with remarkable resilience for stimulating economy by 'authority'.

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

/3 Chartalism begs a question.
Recent anthropological evidence albeit academic & moot pushes a non-standard monetarist perspective.
'Capitalism' in this regard as a monetised 'investment' strategy is always servant to the state. Indeed, tool deployed by the state controlled by self-propaged elites.

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

/2 Conceptual inertia tied to silly left-right political economic argument conceals how systems have operated within confidence interval boundaries by accident, not design.
Touting history for 'capitalism' misses the long-view anthropologic appreciation that a core feature, money, is not really so.

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

/1 Heck, you are the expert.
Riddle me this... hah!
Why are numbers not jiving? GDP not falling, bah, look at flatline investment dollars year-on-year. Employment stats wobble but say something that indeed you note cannot be true.
Crypto is conspiring to end Keynesian 'mixed' economies. Who cares?

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Almost like... any moment now... [soy bean farmers!]... the Republican 'we voted for this' crowd is going to embrace being 'woke'...
... wakey, wakey...
... crushed commercial model.
Blame Democrats... hmmm... on repeat: 'we voted for this'.

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Almost as though Trump's economics advisers do not know that GDP equations include G = Government.
A worker sacked is not a 'pure saving'. Their income taxation comes off revenue, they can no longer consume as when employed, which trips over into the C = Consumption term of GDP.
Fragile? Hahaha!

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Reminds me of my garden task this week in section by section felling a 6 metre tree.
Sweating hard on that thick lower trunk - saw, chop, ugh ugh rope pullling in the direction I wanted...
... snap...
Only grazed the house when it decided its own course.
Trump keeps hacking away... oops, not that..!

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Haha!
Labels smooth all contrasts.
I am not sure what you mean by 'true capitalism'.
But then, I am not convinced there is a singular 'neo-liberal' political economic model nor what 'mixed' means in this regard.
Loose lips sink propaganda juggernauts. ✌️😜

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Trump is saying without qualification that he is using American taxpayer dollars to buy an election in a foreign nation.
The touted deal is an overt demand to Argentinian voters to elect a candidate that a foreign head-of-state wants. It is a bribe.
This is outrageous and NOT 'America First'.

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Hahahaha!
Tesla start-up... capitalism... pfft. Social dollar in there in a very big way, not that Musk admits to the necessity for government in his enterprises including rocketry.
As I said: same ol'. One person's purple is another's deep, dark pink.
Consumption ran economics before investment.

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Consumption is the key in post-capitalist economics.
The 'sound' reasoning behind direct US government investment in various industry sectors is to buoy supply & hence 'pretend' a demand will follow. Classic old capitalist logic.
Alike China boosted consumption from state funded industry.
Same ol'.

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tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Addendum: I misread. Ahuh, huge imposition still coming from business absorption of tariff costs.

tobytaylor9103.bsky.social @tobytaylor9103.bsky.social · 1d

Umm, with a graphic showing 37% imposed on 'Consumers' I cannot find 88% paid by business.
That said, the flow on is going to come like an ol' style Texas tea gusher.
Next 6 months is crucial for a US economy wanting to avoid recession driven by consumption collapse.
Higher prices, lower sales. Eh!

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