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Keynes invented "one weird trick to prevent fascism" in the 1930s and the Germans are like "that's the one thing we won't do"
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Daniel Kral
@DanielKral1
The defining feature of the apparent endless decline in Germany's industrial production is how broad-based it is across industry groups. During the pandemic and its aftermath, it was mostly intermediates and capital goods (cars missing chips). Now the malaise is much wider. x.com/DanielKral1/st…
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David Watson 🥑
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just a little more austerity bro trust me this time it’ll work just trust me bro
tanking a whole continent because they invented an ancestral aversion to deficit spending for the national myth in 2009, you gotta respect it
"Let's get to full employment with a massive military build-up" was helpful in ending the Depression in the US and I would prefer if the Germans didn't try that again.
Nah it’s mostly the Greens nuking German energy production with the closing of nuclear the same time as the Russian invasion of Ukraine stopped the gas. This is the result of the Green de growth mindset
nobody likes connecting economic consequences of the peace to kojeve's outline of a doctrine of french policy but it can be done
Keynesian economy is antifascist. That's why fascists in the right wing don't like it, and have managed to convince the center-right of the position.
I'm curious: what do you think of Robert Putnam's theory that "social capital" and solidarity *precede* economic equality?
This was my first intuition too, but the current situation and research does not really support the theory that there is a unambiguous relationship between economic decline and right-wing extremists in eastern Germany.
Deficit spending hurt all future growth. Or at least put govt under additional debt burden and unable to do its job Economic recovery always has to be structural
Oh buddy, you would be surprised what the German edition of the general edition said back then (Spoiler alert, it called Keynesianism perfect for a fascist regime)
something like this might be nice in the face of largescale job market disruption due to rapidly advancing tech, just a thought ... inb4 i am very wary of "get to ur govt assigned job peon or forfeit ur existence stipend", but i feel that theres prolly a reasonable middle ground
hi, watching antiques roadshow, postcard with neil armstrong and verner von braun's signature. which historical timeline are you currently on, have you been to argentina?
Growing up with my uncle Donald, I knew he shouldn’t be near the Oval Office. In 2022, I founded the Democracy Defense Fund to stop him and his allies. Can you pitch in $5 or more to help defeat Donald, defend the Senate, and flip the House?
They should sell Saxony and Branded-burgers to Poland. The Nazis will immediately stop voting for the far right (since the Polish far right wants them - as in all Germans - dead)
keynes figured out a way to get russian resources into german factories? because that's what that chart represents (also the tail end is combined with demographic collapse)
I don’t think Keynesianism is a solution to demographic collapse, not to say fascism is either of course
Talking giant loans in order to pay for migrant welfare programs seems like a perfect way to stop fascism.
In a worst case scenario if the Nazis do come to power in Germany all the non-white migrants have home countries to flee too. Turks, for example, or Syrians. This wouldn't be a prelude to another holocaust. That's an obvious difference.
You seem to bot remember the german method for dealing with debts. It involves sending creditors into a polish forest to work em to death.
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