I wonder what kind of unprecedented economic growth we'd be seeing right now if we kept with the status quo rather than imposing tariffs and scaring off foreign investors.
Yeah, and as part of the "class war", a majority of the lower classes decided to elect a billionaire whose first order of business was to implement giant tax cuts for the richest Americans while cutting programs like Medicaid and SNAP.
Class war will never work in America because we're too stupid.
Correction: the class war already started long ago. Unfortunately the lower classes are not only getting trounced, they mostly don’t know the war is happening.
It turned out the revolution was always being televised, only it was us thinking what we saw was a reflection of society, not that it was being delivered to us disguised as our own ideas.
Mass layouts started when the government increased the interest rate to fight inflation. By 2024, inflation was already under control, the interest rate was falling slowly, and companies were starting to hire.
I don't think that's how it works. It's not like coiling a spring it's more like starting to roll a ball down a hill, once you ruin it it keeps getting worse in a feedback loop as various systems feed on each other (populism, erosion of norms, etc).
I think you're grossly underestimating European naivete. You probably did fuck up your relationship with Canada though. They didn't seem happy about that one.
I'm talking more about intra-country dynamics, rather than inter-country. Momentum, good or bad, is a thing. It's not that mysterious, we can trace it to things that feed off each other, like the inflation <-> populism loop, which makes civic institutions progressively worse over time. Turkey is a modern case study. This is the opposite of the "coiled spring" analogy, where if a country get worse it is bound to get better even stronger.