For all its reputation as a country of rampant free market capitalism, the USA's corporate profitability may be in part (by some reckoning 50%) dependent on the deficit funding of the state;
which is to say that the US is actually a massive corporate welfare machine, pumping public money raised on international bond markets (through sales & holding of so-called T-bills across the world) into the private sector.
If so, US capitalism *does* look rather different!
#capitalism #USA
h/t FT
@ChrisMayLA6@zirk.us has moved
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2026-06-01 05:24:14 UTC
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wss://relay.momostr.pinkPublished at
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