OECD are not banana republics
The OECD are not banana republics. If you are ranked among them, you are not a BR.
The US economy is not "largely dependent" on FIRE and war.
Those sectors are certainly too large, but the US is not comparable to a petro state or countries where most of the income derives from agricultural exports.
Labor unions in the manufacturing sector have been very supportive of large defense budgets, which brought defense contracts to their sector.
Our health care system is less efficient than Japan, but that does not make the US a BR.
I take a boiling pot of water from the stove. I take another one from the freezer. Tomorrow morning, both of them will be at room temperature. But at the moment I can scald my right hand in one and numb my left in the other.
A declining middle class and ineffectual federal government is not the same as being a banana republic. If you can't see the difference, visit Guatemala again. Try calling 911 there and see what happens.
Originally posted by Woodsman
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The US economy is not "largely dependent" on FIRE and war.
Those sectors are certainly too large, but the US is not comparable to a petro state or countries where most of the income derives from agricultural exports.
Labor unions in the manufacturing sector have been very supportive of large defense budgets, which brought defense contracts to their sector.
Our health care system is less efficient than Japan, but that does not make the US a BR.
I take a boiling pot of water from the stove. I take another one from the freezer. Tomorrow morning, both of them will be at room temperature. But at the moment I can scald my right hand in one and numb my left in the other.
A declining middle class and ineffectual federal government is not the same as being a banana republic. If you can't see the difference, visit Guatemala again. Try calling 911 there and see what happens.
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