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Joined 1 year ago
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Cake day: September 15th, 2023

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  • We (Europe) already did most of the heavy lifting for Ukraine. The US mostly gave old stockpiles of weapons that they would’ve needed to destroy anyway. We are the ones actually paying cash to keep them afloat.

    The problem is, in the post-WW2 order, our defense and our defense industry was made dependent on the USA by design. And even up until last November, Europe didn’t want to challenge this arrangement and just went full steam ahead with this arrangement, ordering US made weapons. I think Europe was in denial that Biden could lose or that NATO could ever end.

    Only France, and to a limited extent, Sweden and Turkey, have independent defense industries.

    In the future, we will have it again. And Ukraine will actually be a key player.

    But in the short term, there is no magical button to press that can produce the arms.

    Undoing decades of integration isn’t going to be easy.


  • No it would not be even close to being equivalent to gov+dd, because the government and fund would be totally separate power structures.

    You could modify the scheme so that dividends and profits only go to retirees, which would make it a giant retirement fund.

    Some people argue China is capitalist and others argue it is socialist or communist.

    Truth is, these are all 19th century debates on archaic terms. Every developed country today has a mixed-mode economy with some form of capitalism combined with some form of communism.

    It’s more fruitful to discuss how we harness the power of each system in a way that benefited humanity.




  • The BRICS are already trading without dollars. They might price things in USD, but the actual trades don’t use USD.

    But is he really gonna tariff 55% of the global population?

    The world economy will just adjust to operate without the USA. It will be painful and take a few years, but it will also be irreversible.

    To be frank, we don’t need a global reserve currency in this digital age. Businesses and consumers can cheaply trade any currency pairs with minimal costs.

    The dollar’s status is a leftover from the past.


  • My (great)-grandparents were part of the Dutch resistance during WW2. Along with a full 1.5% of the population.

    Most people will not do anything, even if they are literally rounding up people for a genocide.

    On the more positive side, a lot of people will support the resistance in small ways.

    The number of people who actually, whole heartedly collaborated with the Nazi’s was quite small.

    Even some of the German soldiers stationed in their village would turn a blind eye. Some of them realized they were on the wrong side and they just did the bare minimum of what they needed to do to not get in trouble and not get killed.