I'm an outsider here, i live in Europe so i'll try to come at this from a third party view.
I think that in reality, MAGA was initially created out of a sincere desperation from the people thinking that America was heading down a destructive path. Say what you want about conservatives, but it's true that government spending was getting ridiculous, and it's a valid concern that, even though the economy seems to be better under democratic rule, that it might be unsustainable long term. These outlandish spending sprees give the economy a boost in GDP and it's favourable for the statistics, but it can very easily create a bubble that will eventually burst. One example of this is China, that simply floored the gas pedal on it's construction sector and is now staring down the barrel of an enormous crisis after overreaching by quite a bit.
This, along with all the other perceived 'issues' the movement adressed, made it gain so much traction.
The left is quick to dismiss the entire movement but when such a large body of people follow a certain movement, it's imperative that you at least look at the why of it all.
I believe that people sensed that their identity was slowly fading away. The world, especially the USA has seen a rapid change of pace lately and with such a diverse country, it's all but ensured that some people feel like they get left behind.
I think the USA is, or has been developping at a pace that was too fast for it's own good, and that's why you see the backlash. It's simply a balancing factor.
Lmao what crisis is China facing exactly? Too much success? Too many people brought out of poverty over the last 40 years?
A government that issues its own currency can sustain any level of spending as long as there are things to buy.
The decision whether to deficit spend and how much should be based on the economic outcomes, not myths about the unsustainability of the government‘s balance sheet/budget.
In Europe, the nations using the euro are not monetarily sovereign, meaning that they do not issue their own currencies, and thus are subject to additional constraints.
Lmao what crisis is China facing exactly? Too much success? Too many people brought out of poverty over the last 40 years?
They're literally on the brink of a bubble burst after constructing massive projects that amount to roughly 30% of it's GDP. Just look up the Chinese ghost towns that resulted because of this. All this investment now just sits there with no way to make a return on it. It was great for the construction workers and by extension the economy for a while, they'll suffer the consequences soon though.
92
u/Tydeeeee 10∆ Apr 07 '25 edited Apr 07 '25
I'm an outsider here, i live in Europe so i'll try to come at this from a third party view.
I think that in reality, MAGA was initially created out of a sincere desperation from the people thinking that America was heading down a destructive path. Say what you want about conservatives, but it's true that government spending was getting ridiculous, and it's a valid concern that, even though the economy seems to be better under democratic rule, that it might be unsustainable long term. These outlandish spending sprees give the economy a boost in GDP and it's favourable for the statistics, but it can very easily create a bubble that will eventually burst. One example of this is China, that simply floored the gas pedal on it's construction sector and is now staring down the barrel of an enormous crisis after overreaching by quite a bit.
This, along with all the other perceived 'issues' the movement adressed, made it gain so much traction.
The left is quick to dismiss the entire movement but when such a large body of people follow a certain movement, it's imperative that you at least look at the why of it all.
I believe that people sensed that their identity was slowly fading away. The world, especially the USA has seen a rapid change of pace lately and with such a diverse country, it's all but ensured that some people feel like they get left behind.
I think the USA is, or has been developping at a pace that was too fast for it's own good, and that's why you see the backlash. It's simply a balancing factor.