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[–] 28 points 1 year ago (1 child)

They're building infrastructure. Infrastructure enables economic growth.

The US builds nothing but more luxury homes, casinos and sports stadiums.... and whatever fast food trend is growing.

I know it's not quite that simple, but it sure feels like it sometimes.

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  • [–] 16 points 1 year ago

    I know it’s not quite that simple,

    It's kinda worse than that. The US financialized the luxury homes and casinos and sports stadiums. So they're paying a vig on a vig to give a tiny minority the 1980s conception of luxury.

    Enormous sums of money just get recirculated into speculative investment. This has created the cryptocurrency surge - yet another layer of speculative investment - and the ballooning investment in AI as a means of automating marketing and debt collection.

    We've done the Economy That Just Makes Paperclips except without the paperclips.

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