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Cake day: August 9th, 2023

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  • Ok, fine, I hadn’t considered that and it’s a factor. None of the demographically declining countries like Italy, Japan, Portugal is doing great in terms of growth…but they don’t have deflation either. You also have the productivity growth factor into account with automation (meaning each citizen produces more but also uses more resources)


  • Sure, any economy can experience deflation if you have more goods chasing the same amount of currency, but the point is that most economies usually print money, that causes inflation (moderately that mimics around 2% (approx. linear resource growth) and 4% (rent extraction). Interest rates influence market behaviour that causes inflation but do not determine inflation.












  • The term tankie has been vulgarized, but it has a specific meaning. A tankie is an orthodox communist who puts the “dictatorship of proletariat” above any morality or any other interest, foreign or domestic. That’s how a tankie brushes away any genocide, any crime, because no value or entity is too important to stand in the way of their communist utopia, even human rights. In this sense, this group is very close in practice to nazis, you just have to replace “proletariat” with “nation” and for that abstraction anything is allowed: internal repression, invading your neighbours and allies.

    But not all “communists”/socialists are like that and many mean well (e.g. Gorbachev, some anarchists like Chomsky or “democratic-communist” Lula, etc), but a good few follow tankies unquestioningly without realising the underlying inhumanity dressed as theory.


  • Eh, but you have examples of long-term problems created by each president: you had Clinton’s half-baked Eastern European legacy, Bush II’s middle east legacy that lasted a while, Trump’s completely polarised political landscape. I’m not sure what Obama’s main fuckup was, but there were many small neglects (maybe the main one was how he handled the 2008 crisis that Bush II left him)…the more influence you have as a country and as a person, the more shit falls on your plate to deal with :/



  • Xi vented his frustration, pointing fingers at his three predecessors – Deng Xiaoping, Jiang and Hu.

    “All the issues that were left by the previous three leaders are on my shoulders” he is believed to have said. “I’ve spent the last decade tackling them but they remain unresolved. Am I to blame?”

    So Deng left the one-child policy, Jiang left financialization/inequality and Hu left the housing bubble?