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Yogthos

Record-low public investment and declining private investment have given us a failing, decrepit infrastructure in US. jacobin.com/2022/08/austerity-

4 comments
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@yogthos not just infrastructure. Capital for making things outside of major corporations and a well connected few has also disappeared in the US, too.

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@yogthos yea I want to improve the world while many Americans only want to cheat more people and get ahead by pushing others behind. Rentier economics was always the most efficient way to do that. There are powerful disincentives to do new and useful things in the US now. Norway is so much better in this respect because the government extensively supports capital investment to do new things rather than relying on private capital alone. People there are less cruel and selfish, too.

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@yogthos of course this analysis for me also reflects on the fall of the western roman empire, which was perhaps at its wealthiest on paper soon before and even as it was collapsing and productivity was massively declining.

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