this post was submitted on 05 Aug 2024
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[–] [email protected] -2 points 3 months ago (2 children)

People are freaked about WW3 breaking out

[–] [email protected] 1 points 3 months ago

"currency carry trade" was something that came up in a lot of discussions I saw.

[–] [email protected] 16 points 3 months ago (3 children)

Usually war is a way to stop a recession/depression since its so profitable.

The economy has been fucked far longer than the current conflicts that might actually start ww3

[–] [email protected] 3 points 3 months ago

Usually war is a way to stop a recession/depression since its so profitable.

When you're selling into a war market, you can make a lot of money. When you're in that war market you tend to lose a lot of your expensive durable capital very quickly, which can get very expensive.

[–] [email protected] -3 points 3 months ago (1 children)

Girl, have you been following THIS WEEK'S news? Like right now is unlike any other time.

War is historically used to pillage other people when times are rough. It doesn't stop a recession; it doubles it and gives it to their opponent.

[–] [email protected] 1 points 3 months ago

Stop was a strong word, ill agree. But it is a tool in the arsenal of TPTB when shit turns downward because the economic scam that it is modern capitalism eventually unravels

[–] [email protected] 12 points 3 months ago (2 children)

It is only profitable for a few in some places. War is not net good for "business"

[–] [email protected] 6 points 3 months ago (1 children)

Ferrengi rule of acquisition 34. The best rule 34.

[–] [email protected] 2 points 3 months ago* (last edited 3 months ago)

Sounds like the oligarch commandments.

It's like Hyperneoliberalism:

"Nothing bad ever truly happens, guilt is subjective, nothing is real, everything is allowed, but if you take anything from me, it is the worst possible crime in all of history."

[–] [email protected] 5 points 3 months ago (1 children)

In a stagflation scenario war is great for business. Otherwise you have no business at all.

[–] [email protected] 5 points 3 months ago* (last edited 3 months ago) (1 children)

Isn't WW2 the only example of this in practice? (and then only where the war did not reach, like the US or pre-1940 nazi germany)

[–] [email protected] 7 points 3 months ago (1 children)

Ya it’s a pretty good example since WW2 was a stagflation scenario. It’s exactly the same scenario we are headed into. There’s a lot of similar polarities. Some may even argue that the next world war will break out precisely because of stagflation.

As we descend further and further into economic depression (we’ve been in a recession for years) you’ll see the gears of war begin to spool up.

[–] [email protected] 1 points 3 months ago (2 children)

One would think we'd have learned to fix this inevitability by now...or is it intentional, to "fix the stagflation"?

[–] [email protected] 2 points 3 months ago

Part of the problem is getting everyone on board. Economic prosperity is a great way to justify keeping a government in charge. Major economic downturns usually cause a change of government and unrest with the government in general. Without a good economy as justification to keep a government in power, many governments turn to "defense" as a reason to stay in power.

[–] [email protected] 4 points 3 months ago

The economy squeezes the proles for every penny they have, inflating the money faster than wages to ensure only the rich can afford to maintain.

Once the proles have been squeezed dry, have a major conflict and help save the failing banks and restore a "golden era" for a time.

Then do it all over again by starting to squeeze the masses.