Re:The US dollar’s hegemony is looking fragile
by creamytaco on Saturday April 03, 2021 @08:28AM
(#26680510)
The West is in decline and the US in particular is collapsing. Infrastructure is decaying to non-existent, the cultural output is absolute garbage, widespread poverty, political corruption, drug addiction, societal and racial tensions that are on the brink of a major cascade and an ideology of defeat.
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Re:The US dollar’s hegemony is looking fragile
by oftenwrong on Saturday April 03, 2021 @08:57AM
(#26680683)
The US has a lot of infrastructure that was built around the same time period. That is why so much of it is reaching its end-of-life around the same time. The replacement phase for all of this infrastructure has not necessarily been planned for well, but we will have to see how it plays out.
China has built at an even more aggressive pace and scale. It has built an unprecedented amount of infrastructure in an unbelievably short amount of time. That infrastructure will reach end-of-life all around the same time. It's likely going to end up as an infrastructure crisis at a level beyond what the US is suffering from now.
Re:The US dollar’s hegemony is looking fragile
by crusty on Saturday April 03, 2021 @07:57PM
(#26685822)
"That infrastructure will reach end-of-life all around the same time."
... Not including the shoddy construction that seems to reach end-of-life almost immediately.
*I am not claiming that all Chinese construction is shoddy, but adherence to code in building is clearly a significant issue and the only way it won't have multiplying effects to cost are if the only goal was the economic activity of the construction process and not at all the constructed result of the process.
Re:The US dollar’s hegemony is looking fragile
by viraptor on Saturday April 03, 2021 @08:42AM
(#26680587)
That's an interesting list following a comment about China. At least corruption, social and racial tensions apply there too - I have no information about the rest. (Also not sure what "cultural output" really is in this context)
Re:The US dollar’s hegemony is looking fragile
by ewindal on Saturday April 03, 2021 @08:57AM
(#26680691)
It’s pretty funny to point out racial tension in the US when discussing China, considering sinicization is clearly one of China’s overarching goals.
Re:The US dollar’s hegemony is looking fragile
by bilbyx on Saturday April 03, 2021 @07:00PM
(#26685502)
Your reply is pretty funny, considering the US has been forcing Americanization onto so many other countries through wars, inciting coups, and training terrorists to do their dirty deeds (this had backfired in the middle-east). Please get some education in history and you'll know who has been the aggressor here.
Re:The US dollar’s hegemony is looking fragile
by viraptor on Saturday April 03, 2021 @09:09PM
(#26686135)
Nobody here is saying it doesn't apply to the US as well. Just that it can't be contrasted with China.
Re:The US dollar’s hegemony is looking fragile
by bilbyx on Saturday April 03, 2021 @10:04PM
(#26686354)
I agreed that it can't be contrasted with China. See http://www.worldfuturefund.org/Reports/Imperialism/usmurder..... If only US can focus on improving the welfare of its people, improving its infrastructures, funding new industries, subsidize education and health, instead of spending so much on futile wars overseas, it would not be in the situation it is in now. Sorry for going off-topic.