[Global Politics] Global politics 2024/2025

[@Cicada3301AU]

I am a proud anti-capitalist and regularly point out how and why capitalism, alongside democracy, is one of the world’s greatest failed experiments.
It really speaks volumes when the head of BlackRock admits that capitalism has failed many.

https://www.theaustralian.com.au/busine ... 78ca350d3d

[@Cicada3301AU]

Reports are suggesting President Trump may demand Australia apply tariffs to China.
Let’s be clear: that isn’t happening.
Australia trades ~$350billion with China.
Australia trades ~$110b with Japan.
Australia trades less than $10b with the US.
The US has zero leverage to dictate how Australia manages its most critical economic relationship.
This isn’t just unlikely—it’s a non-starter.

[@Cicada3301AU]

If you think the US applying 125–145% tariffs on China is economically feasible, then you know nothing about economics.
This policy is simply unworkable—unless it’s repealed, all trade between the US and China will cease.
The tariffs will only hurt the US.
China has far more leverage against America than it realizes.
And if you think China won’t exercise its right to use every available means of leverage, you’re underestimating them.