• @pgtl_10@lemmygrad.ml
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    131 year ago

    This comment in the link is heavy on copium:

    *Primere non nocere 2 DAYS AGO Aside from things already mentioned about US capital markets’ strengths, US dollar is the most desirable instrument not because rivals are too weak but

    • There is will among EM middle class to educate/migrate their kids to USA
    • USA has the most potential for innovation hence products with pricing power (really, what did China, Russia, India or Europe put something totally new in place for the last 78 years???)
    • US Navy/Army is unrivalled. Gulf countries know all to well that their very existence depends on US security guarantees

    This article all sounds like “Japan taking over the world” mania during late 1980s. It was a craze almost a hallucination. We know how it ended, Japanese living in tiny houses, banks allowing zombies to survive

    Dollar (USA) losing its dominance can be at most transitory. Factors which made US a great place to emigrate hasn’t changed at all*

    • @redtea@lemmygrad.ml
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      151 year ago

      USA has the most potential for innovation

      I mean this bit’s not far off. There’s loads of room to innovate with public healthcare, efficient and affordable public transport and housing, accessible education, and enfranchisement.

    • @Shrike502@lemmygrad.ml
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      111 year ago

      really, what did China, Russia, India or Europe put something totally new in place for the last 78 years

      Okay now them’s fighting words. If they said Russia and 30 years (the length of time the current federation exists) there may have been some wiggle room. But the entire period after 1945? Seriously? I’m guessing it is one of those “USSR and China stole everything from USA, including things USA never had” types.