☆ Yσɠƚԋσʂ ☆ to Economics@lemmygrad.mlEnglish · 6 months agoIn 1971, economist Nicholas Kaldor predicted the current problems we see arising from the American trade and payment system under the post-Bretton Woods dollar arrangement.imagemessage-square8fedilinkarrow-up151arrow-down11file-textcross-posted to: economics
arrow-up150arrow-down1imageIn 1971, economist Nicholas Kaldor predicted the current problems we see arising from the American trade and payment system under the post-Bretton Woods dollar arrangement.☆ Yσɠƚԋσʂ ☆ to Economics@lemmygrad.mlEnglish · 6 months agomessage-square8fedilinkfile-textcross-posted to: economics
minus-squareMaoo [none/use name]@hexbear.netlinkfedilinkEnglisharrow-up8·6 months agoSounds exactly like Michael Hudson lol.
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkarrow-up10arrow-down1·6 months agolol yeah, basically any actual economist as opposed to a neoliberal propagandist understands this
minus-squareMaoo [none/use name]@hexbear.netlinkfedilinkEnglisharrow-up7·6 months agoIndeed! He’s even making references to Rome lol. Hudson just wrote a book about Rome and debt. I guess the cool economists like to compare the US Empire to the fall of the Roman Empire.
minus-square小莱卡@lemmygrad.mllinkfedilinkarrow-up3·6 months agoWell greece and rome are considered the cradle of western civilization, they ultimately will suffer the same end.
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkarrow-up2arrow-down1·6 months agoWhile we should be careful making historical comparisons like that, there are many parallels. I find I like to look at this in terms of selection pressures. Once you see what factors are driving behavior it becomes clear where things are headed.
Sounds exactly like Michael Hudson lol.
lol yeah, basically any actual economist as opposed to a neoliberal propagandist understands this
Indeed!
He’s even making references to Rome lol. Hudson just wrote a book about Rome and debt.
I guess the cool economists like to compare the US Empire to the fall of the Roman Empire.
Well greece and rome are considered the cradle of western civilization, they ultimately will suffer the same end.
While we should be careful making historical comparisons like that, there are many parallels. I find I like to look at this in terms of selection pressures. Once you see what factors are driving behavior it becomes clear where things are headed.