>Perhaps most illustrative of Vance’s break from Reagan-style conservatism, the 39-year-old senator regularly opposes bedrock free-market principles and advocates for more muscular government intervention in the economy.
Person_756335846 on
Nationalist *and* socialist? Daring.
Own_Locksmith_1876 on
!ping DISMAL
Steamed_Clams_ on
Socialism with MAGA characteristics.
reubencpiplupyay on
Those familiar with him and the people he admires know that JD Vance’s scepticism of capitalism is not derived from the usual socialist first principles, but from reactionary ones instead. He sees capitalism as a disruptive force on society, which breaks down the old hierarchies and replaces them with the logic of capital. He speaks with disdain about how the logic of capitalism incentivised economies to transition to having women in the workplace.
He truly does believe that capitalism has destroyed the traditional ideal of a nuclear family where the wife works at home while the husband works a good honest living at the factory. The ‘leftists’ that believe him to be one of them are either stupid or closet reactionaries (or both); he’s just the post-industrial equivalent of the reactionary landed gentry complaining that capitalism disrupts the hierarchy of peasant and lord.
Lollifroll on
> But last year, in a Senate hearing with Federal Reserve Chair Jerome Powell, Vance questioned the value of this special role for the dollar. Sure, he said, it may strengthen the dollar, which boosts American consumers’ ability to buy foreign goods and travel abroad. “But it does come at a cost to American producers,” Vance said. **”I think in some ways you can argue that the reserve currency status is a massive subsidy to American consumers but a massive tax on American producers.”** This, he suggested, contributes to “our mass consumption of mostly useless imports, on the one hand, and our hollowed-out industrial base on the other hand.”
Literal NL-antichrist
Savings-Elk4387 on
Well so Musk is taking the spotlight instead of him
7 Comments
>Perhaps most illustrative of Vance’s break from Reagan-style conservatism, the 39-year-old senator regularly opposes bedrock free-market principles and advocates for more muscular government intervention in the economy.
Nationalist *and* socialist? Daring.
!ping DISMAL
Socialism with MAGA characteristics.
Those familiar with him and the people he admires know that JD Vance’s scepticism of capitalism is not derived from the usual socialist first principles, but from reactionary ones instead. He sees capitalism as a disruptive force on society, which breaks down the old hierarchies and replaces them with the logic of capital. He speaks with disdain about how the logic of capitalism incentivised economies to transition to having women in the workplace.
He truly does believe that capitalism has destroyed the traditional ideal of a nuclear family where the wife works at home while the husband works a good honest living at the factory. The ‘leftists’ that believe him to be one of them are either stupid or closet reactionaries (or both); he’s just the post-industrial equivalent of the reactionary landed gentry complaining that capitalism disrupts the hierarchy of peasant and lord.
> But last year, in a Senate hearing with Federal Reserve Chair Jerome Powell, Vance questioned the value of this special role for the dollar. Sure, he said, it may strengthen the dollar, which boosts American consumers’ ability to buy foreign goods and travel abroad. “But it does come at a cost to American producers,” Vance said. **”I think in some ways you can argue that the reserve currency status is a massive subsidy to American consumers but a massive tax on American producers.”** This, he suggested, contributes to “our mass consumption of mostly useless imports, on the one hand, and our hollowed-out industrial base on the other hand.”
Literal NL-antichrist
Well so Musk is taking the spotlight instead of him