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735
Joined
2 yr. ago

  • That's a problem we have globally. Although it might seem like Trump style populism vs Canadian neo-liberalism(with all it's pros and cons), we're both purple. You guys just have a bit more right wing red in the dye mix. It's plausible that Canada elects our own Trump then we can both be stupid.

    The only ideology that has a chance at stopping the populist wave is Sanders style social democracy because it addresses the same core issue of wealth disparity. But it doesn't look like anyone is electing that anytime soon.

  • Dude that makes no sense at all. He wants to depreciate the dollar by putting on tariffs, an action you yourself admit depreciates all OTHER currencies, thereby increasing the value of the dollar?

    Then after that he'll "negotiate" to have the other countries to appreciate their currencies? By buying US goods and companies?? Both of those things appreciate the US dollar. China has been selling their goods to the US (something which should appreciate their currency) without appreciating their currency by buying property and companies in the US so they never have to use the US dollar to buy their own currency. This increases the value of the dollar while decreasing demands for the Chinese currency. This has been widely seen as unfair currency manipulation by China.

    Things that increase demand for US dollars such as buying US goods and investing in the US APPRECIATE the value of of the US dollar. I haven't read the article yet, but I hope your summary is incorrect, because Varoufakis is generally a very intelligent left wing thinker and I would be surprised to see this kind of gaffe in basic economics.

    Edit: here is a link to the article since the one above didn't work for me.

    https://www.yanisvaroufakis.eu/2025/02/21/donald-trumps-economic-masterplan-unherd/

    While tariffs would work against Trump's plan (by deppreciating foreign currencies) they give Trump revenue he can spend with congressional approval. Then for the countries that make a deal he'll either force them to appreciate their currencies by swapping US dollars for their own currency (to depreciate the dollar), OR make them buy very long term US bonds (stabilizing the US debt markets) and buying US weapons (diluting the cost of US military R&D). Trump hopes this lets him depreciate the dollar while keeping it as a reserve currency (having his cake and eating it too).

  • The only way to curb wealth going to the top is taxes on their wealth/income... Tariffs help with labour outsourcing, but not with wealth inequality...

    I suppose a guillotine would help with wealth inequality as well though....

  • Trump was "hurting the wrong people" when he increased taxes on the poor and started attacking social security Medicaid/Medicare. He was only supposed to attack LGBT+, minorities, immigrants, the poor, and non-traditional families.

  • Trump's tariffs are universal. Meaning that even in cases where the only practical option is Canada, for example potash, they have to suffer a direct 25% price increase.

    The Canadian tariffs are highly selective, we only tariff goods that have alternate non US suppliers at similar prices. In this case the tariffs would mostly reduce market competition without directly affecting price.

    I think the better approach is to not enforced the digital lock aspects of the free trade agreement and have Canada be a leading repairer of farm and industrial equipment.

  • The reports come hours after Trump told reporters at the White House that he had not discussed suspending military aid to Ukraine

    This guy is batshit insane. How someone can flip flop that hard and fast is head spinning

  • LMFAO oh you're of course right.... US/NATO really shouldn't have invaded Russia... That was definitely a violation of Russian sovereignty and definitely explains why Russia needed to attack.... Lemme get my notes.... Ukraine??

    Dude your brain is so fucking broken

  • Permanently Deleted

    Jump
  • This kind of thinking is why no one has the spine to fight Trump. "If we don't compromise our values and adopt fascist ones then we'll lose the whole program" if a program has to bow to fascism to survive it's better off dead. This is Trump's doing NOT a Finish advertisement that's getting these programs shut down. If you don't pay the ransom it's still the kidnapper that killed the victim not you.

  • LMFAO those crazy Ukrainians and their ridiculous "sovereignty".... So crazy..... Everyone knows if a fascist state comes to invade your land you just give it to them, that's how you get REAL peace.

    Just like WWII... That only started because European countries were too crazy to let Hitler take what he wanted and exterminate who he wanted..... It's the rest of the world's fault really.... Fighting back is the real aggression!