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Avocado toast (lemmy.nz)
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[-] krisevol@lemmus.org 22 points 5 days ago

That's because back then we made products the world wanted, and we used our power as the world reserve currency to tax the world. Now we are the ones being "taxed" as countries continue to dump bonds and we don't make anthing of value anymore, so there is no need for the world to keep paying us.

[-] T156@lemmy.world 8 points 4 days ago

America was also the manufacturing hub of the world at the time, since they were one of the few countries with sizeable industry, that hadn't been turned into a crater by the War.

There's probably a chunk of wealth/purchasing power that would have to be disentangled from that post-war prosperity as well.

this post was submitted on 27 Oct 2026
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Microblog Memes

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