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

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

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?

Would love to see his answer here. He’s been great as the alarmist but I haven’t seen him propose much in the way of all the problems. 

I also directionally agree with the “bankrupt” “collapse” argument but what are avenues of approach ?

Do we just leave everyone else behind? 

Thanks for asking the hard Q Cassie!