It depends on what you consider capitalism.
Suppose you would take the system we have today, put all the stock of every company in a big fund and give everyone equal voting rights in, and profits from, the fund.
That would be a very anarcho-communist world. All economic power would be with the people, not the state, evenly divided, so no one would be richer than anyone else.
But others would call it capitalism because it would be the exact same system we have today.
I always think, capitalism is like fire.
Left unchecked, it will burn everything down.
But properly harnessed, it can feed, heat and transport people.
The BRICS are already trading without dollars. They might price things in USD, but the actual trades don't use USD.
But is he really gonna tariff 55% of the global population?
The world economy will just adjust to operate without the USA. It will be painful and take a few years, but it will also be irreversible.
To be frank, we don't need a global reserve currency in this digital age. Businesses and consumers can cheaply trade any currency pairs with minimal costs.
The dollar's status is a leftover from the past.
My (great)-grandparents were part of the Dutch resistance during WW2. Along with a full 1.5% of the population.
Most people will not do anything, even if they are literally rounding up people for a genocide.
On the more positive side, a lot of people will support the resistance in small ways.
The number of people who actually, whole heartedly collaborated with the Nazi's was quite small.
Even some of the German soldiers stationed in their village would turn a blind eye. Some of them realized they were on the wrong side and they just did the bare minimum of what they needed to do to not get in trouble and not get killed.
As I understand, he was part of a brigade that killed people in the context of a civil war where his brigade was fighting against ISIS
Quite an important footnote.
The cold hard fact is, the EU has more to gain by increasing trade with Russia, Ukraine, Turkey and BRICS than with the UK.
These countries have more resources, strategic locations and younger populations than the UK.
Sure, but those are relatively small potatoes.
And if a single person does it a lot, then the tax authorities can easily examine their spending and prove that they are spending more than they are officially earning. And then they can apply punitive measures.
Harris had a huge lead in the polls around September.
If they had forced Netanyahu to accept the same ceasefire that was negotiated in May and which Trump forced him to accept, then I'm sure Harris would have won.
Imagine if, at the DNC, Hersh Goldberg-Polin was the one standing on the stage, along with Rashida Tlaib.
Imagine how strong Harris would have looked if she had been the one to fly to Tel Aviv, force Netanyahu to work on Shabbat and got the deal made.
I think that display of strength would have won them the election.
And if they had really wanted to win, I'm sure they could have twisted some arms to get Saudi-Arabia to pump more oil as part of the deal and bring oil prices down.
The Saudi elite are terrified of getting murdered for supporting Israel. They would be happy to pump some oil if they came out of this looking like heroes for the Palestinians.
He's trying to get foreigners out of the USA and trying to placate his right wing at the same time.
Honestly, I don't think getting a student visa cancelled is that bad. There are universities in other countries eager to accept foreign students and the tuition they pay.
Even China has a huge program to attract foreign students. I know people who studied there.
Why comment if you don't understand physics. I'm not saying turn the carbon into hydrocarbons, which is wat you are implying.
Carbon sequestration takes way less energy than the energy released during burning.
Because profits are to be made and no country is willing to take this on and foot the bill.
It's just a "tragedy of the Commons" situation.
Technologically and financially, it is easily within our capability to solve.
No it would not be even close to being equivalent to gov+dd, because the government and fund would be totally separate power structures.
You could modify the scheme so that dividends and profits only go to retirees, which would make it a giant retirement fund.
Some people argue China is capitalist and others argue it is socialist or communist.
Truth is, these are all 19th century debates on archaic terms. Every developed country today has a mixed-mode economy with some form of capitalism combined with some form of communism.
It's more fruitful to discuss how we harness the power of each system in a way that benefited humanity.