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balajis
@balajis.eth
Internet 📈 Indians 📈 China 📈 DC 📉 Those are the four forces on the world as I see them. The Internet, Indians, and China are rising. DC is falling. And America is split between the American Network (rising with the Internet) and the American State (falling with DC).
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Cassie Heart
@cassie
What factors make you believe the american state is falling?
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balajis
@balajis.eth
It’s bankrupt. The state is making $2-4T a year with $175T in debt. So it’s not actually a rich country. It’s like a guy playing fake rich by maxing out his credit cards. Default is coming. https://open.substack.com/pub/balajis/p/americas-175-trillion-problem?r=2974h&utm_medium=ios
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Cassie Heart
@cassie
What would you consider the solution to pivot out of this? Assuming it is inevitable that america enters a default crisis, if you had control of the levers of action, what would be the next move?
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BrixBountyFarm 🎩
@brixbounty
There is a lot of truth to the financial troubles… and we’ve managed to kick the fan down the road further than I ever thought possible. Yet we also have a tremendous natural resource base and human capacity. Our fiscal debts might not tether our future growth as much as it would seem Enter Mint the Coin conversation and MMT folks … Immigration will be a key element to the demographic reality of an aging population. Going to see a lot of conversations around wealth taxes over the next decade
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