"Gloating is not necessary", seeking truth from facts is more important! Just today, October 9, the American media lamented
#美媒: The United States could have its worst crash since the Great Depression in 2024#. Throughout the history of the United States, less than 300 years since its founding, there have been several Great Depressions, the Great Depression of the United States in the 30s was one, when bank presidents knocked on doors in the middle of the night begging, well-known writers huddled in the early morning crowds of people waiting for bread, factory owners supported their families by picking up rotten fruits and vegetables....
Since the industrial revolution, human productivity has been enough to feed everyone, but the consumption capacity of ordinary people has not been significantly improved, and eventually it will cause overproduction at the same time, consumption and weakness, and the economic crisis will break out. Production and consumption are contradictory opposites, and this problem cannot be solved better, that is, the problem of excessive concentration of ownership of the means of production in the hands of capitalists cannot be solved, and economic crisis will break out, and even develop into a relative balance of revolutionary means.
The U.S. military and science and technology are the cornerstones of stabilizing the U.S. government, there is no problem with productivity, and the need to improve workers' economic capacity is the only option, but neither foreign military expansion nor the printing of money has increased workers' real income, and most of the profits have been taken away by capitalists. Whether the existing political system can solve this fundamental problem was one of the triggers of the Great Depression.
