Comment by piva00
16 hours ago
Might makes right, you are correct.
The USA's might is highly dependent on the world order it fostered after WW2, and especially after the Cold War.
Erode that, and the USA as we've known the past 70 years starts to crumble. If in a couple decades the rest of the world works to decouple from the dollar as the main reserve currency; decouple from the dependency to sell to the USA; and decouple the dependency on American tech you still have a rich country but definitely not the superpower with the might as it exists today.
It's not possible for the USA to be funded with the astronomical deficits it runs to keep its war machine, it's not possible for the US, culturally and politically, to majorly increase taxes to cover this deficit. Slowly there would be cuts to its defence spending, diminishing its might.
Not sure why Americans decided this was a good path, didn't expect to see the era of Pax Americana to be so abruptly shaken during my lifetime but here we are.
> the dependency to sell to the USA
What interests me about this comment is the statistic that 50% of US consumer spending comes from people in the top 10% of earnings (first google link, probably not the best source: https://www.warc.com/content/feed/top-10-of-wealthy-american...)
So while the US might look like a really juicy market, I start to wonder how much juice is in the lemon?
Why the dependency to sell to the US if 90% of the US population doesn't have the free cash to buy things?
Yes, I know I'm stupid, and look at all the cheap stuff americans buy; I've seen the miles of warehouses from companies like 5 Below. My concern is how long this lasts?
I am not American so perhaps I am curious but I don't think that any Americans got a real say in it?
I was discussing this with my cousin today and about how here in my country, we have multi party system. Sure, there is still two major parties but there are definitely small parties as well and we were discussing that even India should move towards more decentralization akin to switzerland.
I really hope we have a more decentralized option and where people from all around the world feel that their vote, in fact, does matter.