*“Capitalists will sell the rope to hang them”* Lenin > Is it just because it wo... | Hacker News

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		littlestymaar on May 24, 2024 \| parent \| context \| favorite \| on: 300k airplanes in five years “Capitalists will sell the rope to hang them” Lenin > Is it just because it would be impossible to have an industrial base in a world where Asia exists and can produce everything that could be built in the US for 1/5 the cost? It's not impossible, had the US kept capital control and tariffs there would have been no way for Asia to catch-up at all. But the free trade ideology and greed led the US where it is now.

concordDance on May 24, 2024 [–]

Worth noting this also lifted a billion people out of poverty.

mrguyorama on May 24, 2024 | [–]

China could have lifted their people out of poverty on their own. We didn't need to sell them our manufacturing base to do that.

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