A quick thought… How are tankies dealing with Trump’s new diesel-fueled pro-Putin/anti-Ukraine pivot? After years of insisting that the CIA forced Ukraine to provoke Russia and leave poor Mr Putin with no choice but to invade, they now find the US aligning with them. According to their usual automatic anti-West triangulation doctrine, they should start siding with evil America’s apparent foe, Ukraine. Or are they welcoming the president of capitalist imperialist USA as someone who has seen the light?
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According to one British member I know, the Democrats’ attacks on Trump and suspicions that Russia influenced the MAGA campaign have always been overwrought. In conversations they express disdain for Trump but insist the attacks on him were OTT.
Until recently Trump was playing to his MAGA base isolating the US from Europe’s age-old squabbles. Now, with Iran he has completely messed it up.
Trump is in that pantheon of useful idiots for them and, as far as pro-Putinism goes, it’s another example of the horseshoe theory, which I won’t go into, only to say that I know another Communist Party of Great Britain member (or former) who believes Tommy Robinson is right on.
“…How are tankies dealing with Trump’s new ….”
Ask Yonden Lathoo.
Can confirm the horseshoe theory. I know one American (living in China of course) who is a Marxist-Leninist that may not like people like Bush, Biden or Obama but doesn’t mind Trump. He sees Trump as a bit of an accelerationist that will speed up America’s decline. I agree with him.
The U.S. economy is 50% larger than China’s, and if it grows at 2.0% in 2026, it’s GDP growth alone will be larger than all but the 25 largest economies in the world.
Yes, what a nation in decline. 😂
@Paul Samuelson–The US economy today is substantially being driven by seven tech companies, all of which are heavily or exclusively invested in versions of AI development. None of those avenues have demonstrated a path to profitability in the near or medium term, and the companies are doing this weird fiscal circle jerk in which they’re all lending money to each other as a means of keeping the billions flowing. Other investors are starting to get nervous. Sooner rather than later, that merry-go-round is going to short out and stop, and it’s a threat to the whole US and global economy.
By the way, when I was in college, I worked at an academic bookstore, and I remember stacking hundreds of copies of your economics textbook. It was a real goldmine for you, and introduced whole generations of college freshpeople to the joys of neo-Keynesian thought.
@steve Indeed.
@Paul Samuelson And I wasn’t speaking strictly in economic terms either. Yes yes of course number goes up in the economic sense. It will keep going up until it suddenly doesn’t possibly due to the scenario described by Steve.
I was speaking in terms of diplomatic trust and unipolar dominance. And the US national debt is ever increasing and that doesn’t sound sustainable does it?
@steve,
Not that there’s anything wrong with massive new industrial investments by Apple ($600B), TSMC ($250B), Micron ($250B), IBM ($150B), etc., but new investments by Merck, Johnson & Johnson, Roche and other pharmaceutical giants, each of which is at least $50B, demonstrate that the reindustrialisation of the U.S. economy is a great deal more than mere money-shifting amongst the Silicon Valley software titans.
The U.S. is a $32 trillion juggernaut that is getting stronger by the day. Cry harder.