That’s one part of the equation. The other is that for a currency to be viable for global trade you have to kill your domestic production, British Empire did something similar around 1840 (although it was agriculture then). There may yet be some unexpected benefits to US downscaling from a global power to a regional one. Whomever steps up to take this role will face similar dilemmas and compromises that those empires had to.
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Opinions exclusively of my own and of voices in my head.
Autism, communism, arthitism, cannabism.
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misk@sopuli.xyzto MealtimeVideos Cafe@lemmy.cafe•What Part of my Body Should I Eat? | Brian David Gilbert Asks Hank Anything [49:40]English4·1 天前There is no community better suited to post this to.
misk@sopuli.xyzto Games@sh.itjust.works•Statement on Stop Killing Games - VIDEOGAMES EUROPEEnglish29·1 天前Private servers are not always a viable alternative option for players as the protections we put in place to secure players’ data, remove illegal content, and combat unsafe community content would not exist and would leave rights holders liable. In addition, many titles are designed from the ground-up to be online-only; in effect, these proposals would curtail developer choice by making these video games prohibitively expensive to create.
I’m cool with not designing games to be online-only from ground up. Your concern was noted, video game lobby.
Dunno, the most prosperous time for the US was when it was manufacturing things. Probably has something to do with 90% tax rate on the wealthiest though too. Either way, neoliberalism taught people that they can only count on themselves so if some people voted against status quo it could have been that things weren’t that good for them.
Sure, just saying that it’s not black and white. Economics and fiscal policy have been drenched in political ideologies but they’re just tools. Some people might think that if they had well paying manufacturing jobs they’d be afford to buy that expensive domestically produced stuff. American fiscal policy since the 70s has thrown people in manufacturing under the bus (under the guidance of both parties) so it’s natural there’d be some knee-jerk reaction in form of Trump eventually.
That’s the thing though–if they can create more at any time, why bother “borrowing” in the first place?
Tying up economies of debt issuer and debt holder seems to be the reason for the US. For debt holder it’s a fairly safe way to park money but also exert some power over US if they’re big enough. Realistically what Ben Bernake is saying in that interview is that you could replace one with the other depending on circumstances but that actually threatens capital holders hence why it’s not done like that.
Deflating USD internationally is good for exports though and that seems to be in line with what Trump is promising, no?
United States doesn’t buy USD using Euro, they do it with adding account balances on computers.
Borrowing in an asset that you create at any desired amount (and allowed private entities to do so as well) seems fairly safe. Sleep safe, United Statians.
You made it sound like they had 100+ full time employees specifically („payroll”) but it could also mean they paid €1 bounties to 101 people. I know they subcontracted Proton to CodeWeavers (~50 people) who have been working on Wine for ~20 years by then.
You might enjoy Tildes more than what’s on Threadiverse. Let me know if you want an invite.
How much money did Valve put in? Where do those 100+ devs come from?
Improperly redacted documents from the initial Wolfire case — later hidden — indicated that Valve had only 336 staff in 2021, with just 79 of them working on Steam. We’ve remade it using data reported contemporaneously:
misk@sopuli.xyzto Casual Conversation@piefed.social•What's something poor people do better than rich people?3·3 天前In a society / country that’s wealthy that’s likely to be true. In a society / country that’s poor it’s likely that more are looking out for themselves only and that makes for shitty people regardless of status.
This is kind of important - I commonly see that people want to fight bigotry head-on rather than addressing what caused people to be bigoted in the first place, for example.
Fediverse does everything I require out of social media. Functionality of threadiverse is mostly there and getting better (Piefed will probably replace Lemmy as the go-to eventually), apps are better. Mastodon / microblogging was always good enough for communicating with real people, it’s when you’re an influencer you run into limitations but who cares about that. Maybe there aren’t that many people that are into this and that’s okay because we’re not a corporation that needs to report quarterly growth forever.
misk@sopuli.xyzto Casual Conversation@piefed.social•What's something poor people do better than rich people?52·4 天前If being poor was a choice then maybe but there are scientific studies that show that adverse environment is likely to cause dark personality traits to emerge in people.
misk@sopuli.xyzOPto Hardware@programming.dev•Intel might axe the 18A process node for foundry customers, essentially leaving TSMC with no rival — Intel reportedly to focus on 14A (Updated)5·4 天前We’re back to Intel skipping future nodes in favour of futur-ier nodes.
misk@sopuli.xyzto Technology@lemmy.zip•Even Quantum is Bigger in Texas: Texas House Passes Bill to Launch Quantum InitiativeEnglish1·5 天前This is good for bitcoin.
Not everything empire does is evil of course but the main takeaway to what Trump is doing is liberals crying about losing that empire and I have the smallest violin to play because US was not behaving responsibly in that role. In my country that US influence can be seen via US media selecting their chosen neoliberal party and going hard with supporting them, with ruinous results as expected. Too bad it’s done mostly via WB Discovery (USAID too but to a lesser extent) so that’s going to continue for the foreseeable future.