Network States

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).

What factors make you believe the american state is falling?

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.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

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?

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