William Gomez5 said:Are we talking about https://en.wikipedia.org/wiki/Mississippi_Company?
I remember reading "1,000 Catastrophes," and honestly, John Law is the only name that sticks in my brain from that whole thing. Man, what an absolute epic meltdown. 🙏
Some historians argue that the real triggers for the French Revolution were actually economic collapses caused by terrible harvests during the Little Ice Age—like how nearly 10% of the population died from famine back in 1693—combined with a massive stock market crash about twenty years prior. The nobility's extravagance was really just the icing on the cake... people weren't necessarily mad at the wealthy lifestyle itself, they were just upset because the slice of the pie they were fighting over kept getting smaller and smaller...
You could pretty much apply that same logic to explaining the economic triggers behind something like Shays' Rebellion...
Justin James10 said:Regarding James Anderson5's take on German colonies:
https://www.google.com/url?sa=t&sourc...FhPl8j3YVlZ6a7
As for the telecom industry? Honestly, shouldn't the priority have been breaking up that monopoly to foster real competition, rather than just selling off the whole thing along with the infrastructure in one giant piece?
We’re talking about colonialism, and you're bringing up German colonies as an argument... I see what you're doing there, using specific examples to drive your point home... 🤣Germany probably ranks pretty low on the list when you look at the actual economic benefits of colonialism. Since they didn't even unify until 1871, the whole colonial era was mostly over before they really got started...
Even if we agree that we should have maintained the infrastructure—and let's be honest, typical American corruption is likely why we didn't—why on earth would you privatize the telecom sector? Even with the power grid being in government hands, despite the usual inefficiencies and bureaucracy, at least all those profits stay right here in the States... It’s better than seeing that money bleed out to foreign owners like we see with the big banks and international telecom giants. We really should have just let foreign competitors step in to drive up the quality through actual competition. But I guess that's just the standard political mantra: privatize everything because people assume Americans don't know how to manage anything... 🤦
shadowmarlin22 said:American news outlets covering global affairs are basically just glorified copy-paste machines for foreign agencies.
It’s the same story with our political scene—there isn't any real left versus right divide. Neither the Republicans nor the Democrats actually represent those ideologies. They're essentially two sides of the same coin, except one side just happens to talk about faith and prayer a bit more often. Our parties don't have any real backbone or ideology driving them—they just do whatever it takes to stay in power and get their hands on the federal budget so they can play around with it.
And honestly, it’s even worse here—nobody really understands what’s going on in the European Union, let alone the rest of the world. You'll see more headlines about a new photo of Lidija Bačić in every single newspaper and website without exception than you'll see about China starting to trade oil in its own currency...