“America is deeply unprofitable” it’s a country not a B2B startup you fucking dweeb
1.5K reposts11.4K likes
“America is deeply unprofitable” it’s a country not a B2B startup you fucking dweeb
1.5K reposts11.4K likes
Michael Beckley's piece seems to refute the premise here - that somehow the US economy has been struggling or even is close to failure. www.foreignaffairs.com/united-state...
Companies further cut costs by using cheaper inputs and reducing quality to increase margins. This entire cycle leads to enshitification and unbacked credit valuations. You can view this in the “Price to Book” ratio, or P/B which has increased from 6 fold from 1975. www.fool.com/investing/20...
Billionaire investor Chamath Palihapitiya says ‘nobody cares’ about Uyghur genocide in China I wonder how much investment he has in totalitarian surveillance genocidal slave state China? www.cnbc.com/2022/01/17/c...
Also, they don’t seem to understand that sectoral balances sum to zero – so if the public sector is running a surplus, the private sector must run a deficit. The right never seem to get this! stumblingandmumbling.typepad.com/stumbling_an...
America is amazingly successful economically. The unprofitable part is how the government spends more than it takes in. Why? It can either cut spending (mainly the military, Medicare and Social Security, guess which they want to cut), or put tax rates on the rich back to 1960 and balance the budget.
These bozos cannot even do business accounting competently. They always leave out the Federal Government's assets. One estimate puts those > $200 trillion www.invesco.com/us/en/insigh...