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I think the US MIC throwing a couple trillion for nothing in Iraq is a good example of a hegemony in decline
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# ¿ Aug 14, 2017 04:46 |
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# ¿ May 21, 2024 11:14 |
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The argument that "man i'm so rich i can throw money at poo poo" doesn't really work when the establishment has been able to wage a relentless war on welfare and other public goods
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# ¿ Aug 14, 2017 04:50 |
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Market cap of equities isn't a good measure of exposure to financial risk. You have to look at stuff like derivatives and shadow banking/insurance which by notional value dwarf US net wealth.
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# ¿ Aug 14, 2017 07:46 |
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look at the USSR's "sudden" collapse and the subsequent drawn-out fallout that contemporary Russia is going through people fixate on a snap apocalypse but USSR->Russia seems a more likely scenario
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# ¿ Aug 14, 2017 09:54 |