something something people who don't learn from history are doomed to repeat it
this post was submitted on 04 Apr 2025
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Great depression, and 2/3rds drop in global trade resulted.
I present also 1828 dementia https://en.wikipedia.org/wiki/Tariff_of_Abominations which started southern secessionist movements.
Unjustifiable trade attacks like all wars are bad for unity. If California or Texas has to pay $10k more per car so metal and auto workers elsewhere get high pay, national unity fractures. Everything being super expensive with no jobs because of global trade retaliations, means that Mexicans stop being a unifying problem, and those white Michigan and Pennsylvania blue collar workers cheering for Trump are the problem. Better cars elsewhere in the world become a bigger national unity factor the more protection $ is spent on inferior cars.
... Ford begins furiously colaborating with Lada.
Well they had elections afterwards. Trump's nazis will just throw dissenters into KZs and invade their neighbours.
There will be no free elections anymore
Tarrifs are billionaire cash grabs, nothing more. Nobody likes those. Except billionaires of course.
Yeah, look past the self-righteous grandstanding to see it for the big wealth transfer that it is.
Even the billionaires are going to lose money. It's just unjustifiably stupid.
They have enough money to coast along to buy and hoard failing companies and collect them for whenever the economy rebounds.
Billionaires have so much money, they could spend a few thousand a day and it wouldn't hurt their bank account for decades.
They could spend $100,000 a day for 50 years an not have spent through 2 Billion. Elon and musk both command 200 Billion ish. the interest alone is worth that 8 billion a year if it was in treasuries.
Every year the interest on Musks fortune could generate enough money to spend $2,100,000 a day without even losing a dollar of principle. on the theoretical interest of his fortune.
I lost 10% of my retirement today. Thats not even a fraction of any of these numbers 😂😭
The old oil money declared war on the neuvo riche tech bros.
Its an attrition war.
The majority are peeons (sic) in this new feudal trickle down economic game.
Some, but it does work nicely as a regressive tax to offset their tax cuts. It's really hard to see who's winning in the race to destroy the global economy, someone has to right?
Every once-in-a-lifetime economic disaster I've personally witnessed has taught me that any economic loss for billionaires is only temporary.
Let them lose enough to put them on the street with the rest of us. Hopefully it can humble them enough to understand that wealth should not be hoarded but shared for the greater good of society
We got a Progressive Era out of it, maybe we'll get another one?
Edit: To clarify, I'm talking about the New Deal and New Deal v2 Progressive Eras (and the era of Progressive Democratic supermajorities that dominated congress)
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Just throwing this out there.
If you expect conservatives to learn anything from this experience, I can promise you on my life that they won't. They will not deviate from voting R under any circumstance in existence.
Best we can hope for is independents getting a clue and helping swing the next election, if there is one, back to the grownup party.
Not holding my breath though. This is a very, very stupid generation of Americans.
Conservatives hate learning, especially from mistakes. Learning makes you go "Why do we do this tradition? This is stupid."
If a conservative learns something, its a failure of the conservative ideology. Keeping them dumb makes them unquestioning obedient workers and soldiers. You don't have a soldier disobey commands to harm someone, you don't have a worker disobey their boss.
Conservatism is explicitly against learning.
The thing about Smoot-Hawley is that when it happened everyone else also put up equal tariffs among one another.
this time the EU, Japan, South Korea, Canada are only putting tariffs on the US. Not amongst themselves.
Second largest senate seat loss, I say hopefully.
Every day of my life is an economic crisis.
Right now we're struggling to be able to pay for groceries tomorrow, after paying rent to a place that hates my family.
If the stock market crashes, what's the real difference between my shit life with my family, and the shit life with my family if the stock market goes down? I'll have 0.0001% less chance to become a billionaire?
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