• 4 Posts
  • 31 Comments
Joined 1 year ago
cake
Cake day: October 19th, 2023

help-circle




  • I don’t think a BRICS currency will be successful in replacing the dollar unless the governments of the participating countries force their businesses to use it. The reason why transactions are denominated and settled in US dollars is because of the perceived stability of its value and the openness of the US financial system to international trade. People use the US dollar because they trust the American government to not excessively devalue it and for it to be reliably useful later on.

    And yes, I recognise that all of these are under attack by the current US government.




  • The media will always exist and people will always base their decisions on the information they receive in the media. This is inevitable in any society with the degree of complexity we have today. It is just not possible to gather all the information ourselves about any but the most personal of topics. That is why free, unbiased, and independent media is an extremely important part of liberal electoral democracy. And for the greater part of the past two centuries, this is what we more or less had. Yes, major media outlets have always been somewhat controlled by the upper class (whether in the form of media companies or local media magnates), but until quite recently, most of them didn’t care about using those outlets as propaganda pieces; they just cared about continuing to collect their subscription money, which is likely the best-case scenario for privately owned for-profit media. It is astonishing that this system lasted as long as it did.