Comments by "Bitcoin Zoomer" (@bitcoinzoomer9994) on "Is America in Decline?" video.
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@connerb7848 If nobody makes stuff, then there is no stuff. It is that simple. If we do not want to be dominated by foreign powers with much higher production then us, we need industry. We also cannot continue unchecked migration while not having any real industry. A healthy and powerful economy should have both, but when it comes down to brass tax, the country that makes your stuff can stop selling you said things and focus on producing for themselves or their military. Basically, if we do not have industry, we do not have hard power.
Corporatism has inflated the prices of many things, higher education and healthcare being the main two. What you call "capitalism" is not capitalism at all. In capitalism, there should be lots of competition, which boosts innovation, productivity and wages. What we have now is corporatism, where large companies can never fail, and have little to no completion, and will always get taxpayer money if they need it.
If we had industry, only having a HS diploma would not be a problem, as you could get a job in some manufacturing sector. This is exactly what Germany is doing, though we should do it at a much larger scale for the best effect.
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@connerb7848 1: Yes, it is true, and it led to the worst-of-both-worlds government backed corporatist system we have today. 2: Yup, also true, I just replied to your reagonomics and deindustrialization statement, reagan's policies combined with the previously established government overextension into the private sector to create the shitstorm we have today and, yes, kind of slow down deindustrialization.
We should have a government that regulates corporations, it's not that big a deal. We have rightful regulation for the sake of workers and consumers, and we stop monopolies. It's not that complicated.
We don't have to force them to come back. There are plenty of industrial opportunities in america, if we were just more protectionist of out markets, our industries would grow. There isn't a set amount of industry in the world, some will return, some will be new.
By making tariffs on countries with unregulated markets with cheaper labor, we will protect our own market, and technically protect the workers of the world from being exploited by corporations.
Where I am going with this is:
Capitalism cons: If unchecked, will exploit and monopolize
Capitalism pros: due to competition, it provides the most innovation, and productivity.
If we just regulate corporations so they cannot exploit or monopolize, we will have the best of capitalism while not suffering any of its cons.
This does not mean that is the system currently in place. They system currently in place has capitalists with unchecked control over the government, so they really can do whatever the fuck they want, and are exploiting the American people as we speak.
Wanting more capital is not necessarily a force of good, but it can be harnessed for it. There is no competition now, the system is flawed, but in a better system, we would break up our monopolies so that we have competition, and we would regulate them fairly, and not allow them to control the government. There, all the issues with capitalism fixed without any authoritarian government oversight. Best of both worlds. Get me now?
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