When you add in the advantage of the $ being the (de facto) global currency (still) & the use of debt to stoke demand, the exceptionalism (such as it is) looks very different!
#USPol #capitalism
@ChrisMayLA6@zirk.us has moved on Nostr: We're often told the USA is the exemplar of free market capitalism, but actually its ...
We're often told the USA is the exemplar of free market capitalism, but actually its an economy whose growth is underpinned by Govt. spending & an oversized (yet massively under-performing) health sector that generates lost of activity for GDP purposes, but less success in health outcomes...
When you add in the advantage of the $ being the (de facto) global currency (still) & the use of debt to stoke demand, the exceptionalism (such as it is) looks very different!
#USPol #capitalism
When you add in the advantage of the $ being the (de facto) global currency (still) & the use of debt to stoke demand, the exceptionalism (such as it is) looks very different!
#USPol #capitalism