Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Should We Subsidize Foreign Companies?" video.

  1. Is it? Then shouldn't the markets be charging Germany a higher amount of interest than the UK? Right? Well, not really. The “collapsing“ Germany interest rate for their sovereign debt is lower than the UK's and their credit rating is AAA, the highest rating. Why? Perhaps the fact that their Debt to GDP ratio is in the 50th percentile, while the UK's is in the 90th. And the UK's credit rating has been lower than Germany's since Brexit, and has budged since. So, Germany isn't collapsing, unless the whole global financial system is collapsing too, because it's an interconnected system. It's been broken since since 2007, and it's been on life support ever since. Germany's weakness is that it was to reliant on exporting to economies that are now entering the lowest point of the business cycle, like the US and China. And there are no other economies big enough to replace that shortfall. Until the rot in the system is excused out, and the structural problems in the largest economies are resolved, the whole global economy will limp on. As for the US, USD will be superceded, but when and what will replace it, who knows? Gold is not an option for efficient global trade. And as nobody trusts each other, there is a chance that we might move away from having any national currency acting as international money as Keynes suggested all the way back at Bretton Woods. Rather we should have a specific international currency for global trade, that is controlled and can be manipulated by no-one. But the world grown up enough to do that? Well, that remains to been seen, doesn't it?
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  2. Because our problems reflect our priorities. If we don't like dealing with the problems our priorities have created, perhaps we need to take a long hard look at the priorities that put them there.
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  3. Lol. Stop listening to the Muskrat, as he's always high on Special K, and has Putinistas as his major investors. He's been so stupid to endanger his next major market in Brazil. He's becoming the Singing Nun is Airplane.
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  4. Do think really that any capitalist economy is truly free? Nope. Just look at your wages. Sadly, you seem to forget that any decent economy should serve the society it operates in. And if that mean government intervebtioso be it. The real issue is that neoliberal economic orthodoxy is destroying its host in every country. And the only institutions capable of coordinating the rescue effort are governments. That's the Broligarchs want to take them over and replace democracy with Sovereign Individual CEOs. They really don't want to rescue the societies their wealth extraction are hollowing out. And they want to fight the global effort to make them pay more tax. So it's going to get interesting.
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