Probably worth a watch, and whether you agree with him or not, being aware of the economic situation here at the moment is probably prudent
Probably worth a watch, and whether you agree with him or not, being aware of the economic situation here at the moment is probably prudent
Why is this post being downvoted?
I think that people who are dogmatic about politics, from either camp, find his stuff hard to swallow. We’re here because of Tory corruption and incompetence, which alienates conservatives, and it’s being made worse by weak fiscal policy and the ignoring the several elephants in the room of labour, which offends the middle-lefties
It’s also a clickbait title though. That’s not how national economys work. You cannot equate governmental spending to the budget systems of companies, doing so is intellectually dishonest.
Countries can’t go bankrupt… anyone who puts that in their title is full of shit.
I’d rather see comments that challenge the title rather than just blindingly downvoting it.
I don’t know much about government finances, but surely there has to be a point where the government is unable to actually pay for any services because it’s servicing an insane level of debt, and it cannot continue to borrow more?
That’s the point at which they default.
You’d rather see nonsense then. You can’t dissolve a country. A country doesn’t go bust, stop trading, wrap things up and shut down. It may have hyper inflation and gain a poor populace but it cannot shut down. It can always leverage for credit because it will always exist. The terms of credit may be awful but the ability to raise funds somehow is always there. Literally printing money, bonds, government takeover of private institutes, whatever, there’s many many many more levers available to a government than other entities.
A country cannot go bankrupt. Therefore the title is bollocks, therefore a downvote and move on is warranted. Even if the content is good, they’ve spoiled any respectability with the title.
This is exactly why the new lemmy.world rules where moderators should challenge everything instead of removing bad content is bonkers because it encourages nonsense and misinformation.
I’d rather people call out - like you have done - why it’s bollocks and try and get the title changed. If the content was also bullshit then I think the downvotes would be warranted.