this post was submitted on 02 Jul 2025
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[–] [email protected] 1 points 1 day ago (1 children)

I'm not saying you're wrong, because I don't know enough details about their economy at that time, but people have been saying that about the US economy for decades and it hasn't happened yet (not that I think it wouldn't under Trump, because he's really going nuts on it, but...).

Do you have anything you can point to that makes the case that the situation was so precarious that collapse was inevitable, or just that they were precarious (as the US has been since GWB at least)?

[–] [email protected] 1 points 8 hours ago* (last edited 8 hours ago)

Economists say Trump's policies are detrimental to the American economy. And sure enough, his policies pissed off almost everybody, even oligarchs, when the stock market crashed in early April 2025. His big beautiful bill is gutting basic welfare and government spending. Fascism always collapses on its own because their policies are based on emotions and rejection of expert advice. Reality eventually catches up.

America will eventually decline as superpower (all bloated empires eventually do). As we speak, China overtook US in terms of research and development spending. However, Trump's policies and exodus of researchers makes America less competitive, which will accelerate the country's decline as the sole hyperpower.