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this post was submitted on 05 Apr 2025
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In all fairness, the last 80 years of economic order has been shit for 99% of the population. So I don't get too excited about experts that suggest going back to a less broken system as the answer. We need to rethink our whole economic systems outside of the current ideas.
Yes and no. Millions of people were uplifted from poverty because of globalisation. The technology and wealth we enjoy today is because of international trade. But on the one hand, those who lost their jobs from outsourcing were not duly provided with alternatives, and now they are electing demagogues who are promising them easy answers to complicated issues. And on geopolitics, big countries act with impunity, stepping on less powerful countries. This also added for demagogues to use the lack of international order to rally people into nativism.
The world economic system includes many places that aren't the USA and many of them were doing pretty well. That to me would suggest that there's another problem to blame for the crappy situation people are dealing with in the US. I'm all for rethinking a system to help benefit more people but I really don't think that's what's happening here at all.
What do you understand about the economic system? For example, how the money supply is created, and the ramifications of "interest" and "inflation". What you'll find if you do, is that the system is fundamentally broken if your goal is sustainability on this planet for any serious length of time.
Most of the current world order couldn't care less, clearly or we'd have done things about climate change that weren't just technical advancements buying us time if making any difference whatsoever.
Real austerity for the wealthy could pay for solving most of the world's issues, several times over. And we have the resources to do it globally. It shouldn't be a matter of "cost".
But it'll probably never happen, unfortunately.