Summary

Trump had to reverse his aggressive tariff rhetoric after CEOs from Walmart, Target, and Home Depot warned of empty shelves and higher prices due to supply chain disruptions.

Investors reacted negatively to his threats against Fed Chair Jerome Powell, prompting a market sell-off.

Trump backtracked, expressing optimism on a China trade deal and now denying plans to fire Powell.

Global markets remain volatile, and the IMF cited Trump’s trade war as a “major negative shock” to global growth.

  • chaosCruiser@futurology.today
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    2 months ago

    It’s like that t.rex scene in Jurassic Park. It got really scary, there was plenty of damage, but it all worked out in the end. Peak entertainment. 🍿

    Well, except if you’re that one guy who got eaten alive. I guess Americans might feel like that.

        • madjo@feddit.nl
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          2 months ago

          Odd that you thought that sp3ctr4l was offended by your comment, was that your intention? To offend people?

        • sp3ctr4l@lemmy.dbzer0.com
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          2 months ago

          … I mostly found your comment pitiable, not offensive.

          As in, your metaphor is so crass and demonstrates such a fundamentally unserious approach to understanding reality, that it barely even registers as offensive, and immediately transcends into pity.

          If you think this is some sort of… brush off your hands, phew, glad we made it out of that! type situation… if you think the suffering is over, disproportionately for Americans but also for the rest of the world…

          This conveys to me that you have an extremely naive and simplistic grasp of how history moves, how international relations work, how fascism works, how economics works… etc.

    • TON618@lemmy.world
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      2 months ago

      What about Jurassic Park worked out in the end? The park got destroyed and subsequently abandoned for decades until the remains were bought out, a new park restarted, that promptly suffered the same fate. Nothing in any of those movies ever worked out.

      • chaosCruiser@futurology.today
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        2 months ago

        Exactly. There were only moments of relief between being chased by a t.rex or a bunch of velociraptors. Even when the protagonists ride into the sunset, the seeds of the next disaster are already sprouting.

  • Phoenixz@lemmy.ca
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    2 months ago

    Yeah maybe but now FUCK YOU. You started the tarrif war, I fucking demand that all world leaders finish it. Let there be empty shelves, let the USA go fucking bankrupt let all Americans lose their 401k or whatever the hell it’s called there. Let them suffer. You voted trump, or you allowed him to come in, he’s ALL yours now. Let him ruin the country, let him ruin all american lives.

    The teade war should not stop until a revolution kicks in that will land his fat neck on a guillotine.

    Once the Americans have cleaned house and basically have gone back to a real democracy (not the shit they’ve been doing for the past decades) we van talk about a truce.

    Ubtil then: suffer the consequences of your own actions as you rained them down on the entire world, you insufferable assholes *

    • This may not apply to all Americans but definitely the majority at this point
    • stinky@redlemmy.com
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      2 months ago

      Looks like 75% of your posts are removed by moderators.

      You’re an entitled piece of shit human and if you died of a heart attack the world would be a better place. Please do it quickly.

  • doug@lemmy.today
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    2 months ago

    Kennedy was assassinated for less. This man has fucked with some higher powers’ money I’m surprised they haven’t ousted him for a canon slightly less loose, but I suppose he is quite the distraction.

  • ToiletFlushShowerScream@lemmy.world
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    2 months ago

    Tariffs were never meant for anything other than using the us economy to force other countries to bend the knee to Trump himself. Convince me I’m wrong.

  • chiliedogg@lemmy.world
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    2 months ago

    China shouldn’t give a femtometer.

    Restrict exports to the US until all tarrifs on Chinese goods are lifted. And even then, tarrif US exports just a bit just as a Find Out gesture.

    Make it clear that Trump gains absolutely nothing for all this. Not even a little 1% he can claim as a minor victory. Humiliate him in the eyes of the world and expose him for the worthless negotiator he is.

      • JamesTBagg@lemmy.world
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        2 months ago

        Eh … if played out like the above comment suggests, with China giving us a little token tariff on US imports to twist the knife, we on the ground won’t be affected. Fuck, we’ll be vastly better off than under the Trump tariffs plans. We all win, he loses.

    • tacosplease@lemmy.world
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      2 months ago

      As a struggling American, I hope so too. The fucking rural parts of the country need to feel the suffering and understand exactly what caused it.

        • Manifish_Destiny@lemmy.world
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          2 months ago

          Pain is real when it’s right in front of you.

          Don’t forget how dumb the average person is.

          If they get what they want, they typically stop complaining about what happens to everyone else.

    • UltraGiGaGigantic@lemmy.ml
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      2 months ago

      How about in 3 years and 8 months we have an election and every one can vote for Nancy Pelosi who has Dick Cheney as her running mate?

  • Wilco@lemm.ee
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    2 months ago

    We are going to hate this president until the day he dies, then many of us will be making plans on how to best piss on his grave. That’s not a metaphor. Logistical discussions reveal that in order to avoid an indecent exposure charge a bottle must be used to hold and pour the piss.

  • Allonzee@lemmy.world
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    2 months ago

    China should tell us they’ll drop their tariffs by 20% a month until gone barring further impulsive fuckery to dissuade further infantile American shenanigans.

    As an American, someone’s got to be the geopolitical adult in the room, and we don’t qualify.

    • Jax@sh.itjust.works
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      2 months ago

      Why would China do anything that helps us pick ourselves up and onto our feet? This is the goal they and Russia have been working towards for decades.

      • slickgoat@lemmy.world
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        2 months ago

        Nah-uh. No blaming China or Russia on this one. The United States did this squarely to themselves with the world pleading otherwise. They inserted their own head in the vice and started spinning the handle.

        Sure, it aligns with the communist block’s benefit, but the US really needs to be held accountable for its own idiocy on this one. Its the first step in recovery.

        • CileTheSane@lemmy.ca
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          2 months ago

          Trump provided China an excellent excuse to start a trade war and look like the heroes while doing it. This is absolutely Trump’s fault, but China has no reason to not take full advantage of it.

          • slickgoat@lemmy.world
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            2 months ago

            That’s true. The US has been interfering in other country’s domestic affairs for decades. Organising the odd coup, overthrowing elected leaders. Suddenly people are shocked to learn that it can work both ways.

            A country with strong democratic institutions are pretty resilient to these tactics. You might not trust the politicians, but you trust the officials, the military and the courts.

            It seems that the US has dismantled trust in these institutions for a long time. It has let corporations run the show. So Russia and China have an easier task.

              • Tiger666@lemmy.ca
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                2 months ago

                Ah, yes, the famous denial of fascists in your own country.

                YOU VOTED IN TRUMP WITH A MAJORITY KNOWING HE IS FASCIST.

                This is squarely the fault of the American people. Lack of education and political will might be to blame, but to say that you are victims is such a farce that I don’t believe you live in reality.

        • Ledericas@lemm.ee
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          2 months ago

          russia maybe, because putins directing trump to do this, more or less it helps russia in the long run.

        • GoodEye8@lemm.ee
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          2 months ago

          I’m starting to feel like this is a controversial opinion, but maybe the American people should be the ones holding their own government accountable? Interventionism is the worst way to fix a country and I very much doubt it even could be done for a country like America.

          • SabinStargem@lemmy.today
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            2 months ago

            I am hoping the US splits apart, allowing the red states to destroy themselves. Conservatism is a cancer, and the condition would be easier to excise if it was a solid tumor.

          • slickgoat@lemmy.world
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            2 months ago

            Difficult to argue against, except America is doing this too us as well, and we don’t get a vote.

            • GoodEye8@lemm.ee
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              2 months ago

              All the more reason to not do anything about it. Let America implode and their interventionist power also takes a hit.

              • anarchiddy@lemmy.dbzer0.com
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                2 months ago

                The workers control the means of production?

                More than 60% of the Chinese economy is state owned and controlled, and as of I think a year ago they democratized Chinese company structures by mandating assemblies of employee representatives. The state having majority control and direction of the Chinese economy and market is the primary complaint of western trade partners, I don’t know why people are always surprised by this.

                I get that people really do not like the authoritarian aspects of the Chinese government, but state-controlled economies are pretty much the exact intent behind ‘worker-controlled means of production’ in marxism.

                • explodicle@sh.itjust.works
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                  2 months ago

                  Socialism isn’t just when the government does things. In between workers and the state needs to be a free and functioning democracy.

        • Jax@sh.itjust.works
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          2 months ago

          Oh so we’re denying that Russia and China led disinformation campaigns squared solely at disrupting American politics for decades? Are we also ignoring the Murdochs from Australia?

          Just wanted to get that straight before I started saying whatever the fuck I want.

          • slickgoat@lemmy.world
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            2 months ago

            I don’t see anybody stopping you from saying anything you want to say, so stop playing the victim.

            Trump is a uniquely American problem. You guys either elected him, or didn’t care enough to vote. Shit, his popularity is still almost 50% now even after he destroyed the economy.

            Your argument is that the American people are so stupid that they were manipulated by foreign actors (TWICE) into electing an obvious fuckwit.

            Well, ok, if you insist,

              • slickgoat@lemmy.world
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                2 months ago

                And you underestimate the disadvantage of an uninformed and disinterested electorate, a politically chosen Supreme Court and a political system co-opted to serve corporate interests.

              • Taleya@aussie.zone
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                2 months ago

                Hahahha fucking scomo got lower than that, and his chief crime was being an unlikeable cunt and about half as incompetent. jesus christ america where the fuck are your heads

          • Ledericas@lemm.ee
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            2 months ago

            i believe russia be to blame, it kinda obvious weakeaning america helps putin, it has been his goal for 10years,.

              • Ledericas@lemm.ee
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                2 months ago

                putin ramped up his misinformation, conveniently around the time he was elected , '16-17 on reddit we saw significant purges for the very first time, and peoples sensitivites as massively increased. my very first bans of an og account around that time.

          • Aussiemandeus@aussie.zone
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            2 months ago

            Mate, the Murdoch’s? America’s lap dog newspaper moguls.

            They’re you’re mouth piece of shit trying to force Australia to be more like you sepppos

          • shawn1122@lemm.ee
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            2 months ago

            The embarrassing thing is a lot of that disinformation was shared on social media networks that were created in the US.

            Creating the tool that your enemy uses effectively against you is not a good look.

          • Allonzee@lemmy.world
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            2 months ago

            And they do it to their citizens too…

            …And we do it to other countries and we do it to our citizens.

            You can’t condemn another country for what we’ve been actively doing considerably longer than them having never stopped credibly. Our house is made of that candy glass they use in movies in this particular arena.

            The oligarchs and their increasingly captured government, including both parties, have been poisoning us against anything that isn’t hyper-capitalist greed enabling from the great depression to the McCarthy witch hunts into today.

            Name one world superpower that doesn’t actively engage in mass disinformation campaigns both within and without, I’ll wait. I’d also argue that like our general military, we certainly spend the most on our global Orwell machine. Our CIA, along with the KGB, are the OG playbooks other nations refer to when doing it themselves.

            • Jax@sh.itjust.works
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              2 months ago

              How does that make any of it right? And how does it negate my point?

              So far you’ve said a lot of obvious things, none of which refute my point that this end is what Russia and China have been working towards.

              • Allonzee@lemmy.world
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                2 months ago

                I’m saying that you can’t credibly go “you… You fucking shot me! What the fuck?!” at someone who shot you because you shot them a few seconds prior to that.

                It doesn’t make it right. It’s wrong. But it’s also a non-sequitur for a serial killer to condemn another serial killer over the sanctity of life.

                As an American, American have no business condemning other nations about misinformation until we clean our fucking house up and provide reparations to those both within and without who were hurt by them.

                • Jax@sh.itjust.works
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                  2 months ago

                  Huh? I’m the American government now? I reserve the right to condemn any government, anywhere, for reason. Especially when they make choices without my consent.

                  You speak emotionally, betraying that you know very little about the problems that truly need to be solved.

                • Rhoeri@lemmy.world
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                  2 months ago

                  So what you’re saying is, because America’s government is doing shady shit, American citizens have no right to call out other countries for the shady shit they’re doing?

                  Since you like your weird conversational analogies, that’s like you saying;

                  “China gets to shoot whoever the fuck they want because others have shot people!”

                  Two wrongs don’t make a right. It’s a dumb argument. Stop doing it.

        • Taleya@aussie.zone
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          2 months ago

          It’s been fucking wild as a resident of a non-us country seeing some of the commentary coming up. We must radical empathy! How dare other countries take advantage of X Y or Z? The shoe is on the other foot, and by GOD is it a problem if anyone but the US starts doing what the US has been doing to everyone else on the planet my entire freakin’ life

          We all know they’re propaganda riddled exceptionalists but goddaaaamn. Need to learn to accept cause, effect and consequence

  • barneypiccolo@lemm.ee
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    2 months ago

    I’m ready for these tariffs to hit the shelves for a month or two. Give MAGA Morons a really good taste of HitlerPig’s virtuosic incompetence. They won’t be happy when the shelves in Walmart and Target are nearly empty, and whatever is left has tripled in price.

    When they get home from their trip to Walmart empty handed, and turn on the TV to see enormous crowds protesting in the streets, perhaps it will finally start to sink in what those protesters are unhaopy about. Not all of them, of course, but some of them.

  • pageflight@lemmy.world
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    2 months ago

    I hope the repercussions land on Trump and his cronies, and but just on this particular show of global bullying around tariffs.

    • Nyticus@kbin.melroy.org
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      2 months ago

      If the track record of Republicans who ever got reprimanded, faced consequences or were jailed says anything for you…

      Trump is going to get away with all of this. He’s been impeached twice. He’s a convicted felon. He’s going to die comfortably somewhere while his shitstain heirs will try to retake what they feel is “rightfully theirs” which is positions of power.

      Republicans will destroy, destroy and destroy. We get Democrats who come in, clean up some of the mess but strangely make you wonder why they hadn’t cleaned up all of it. Besides slow moving and how long it takes to build. They aren’t going to outright oust corrupt people as they should for the damage they caused. They only are somehow retained. People thought DeJoy was going to be thrown away when Biden got in, nope, he remained and got to comfortably step down. Just as an example.

      The wonderful fucking political circus at work.

    • gravitas_deficiency@sh.itjust.works
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      2 months ago

      The thing is that real damage has already been done. Trust that was built over the course of - without exaggeration - most of a century has been squandered by imbecilic and ham-handed “move fast break things” tactics. Trust is very fickle, and the gain/loss dynamic is completely asymmetrical: it takes ages to build, but can be destroyed in an instant. And the recovery phase is always going to be slower than the initial build, and it generally doesn’t ever reach as high as was before the initial betrayal, because, you know, people remember things.

      • tipicaldik@lemmy.world
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        2 months ago

        you know, people remember things.

        except actual americans… we can’t seem to remember shit past that last 20 second tiktok thing

      • asg101@lemmy.blahaj.zone
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        2 months ago

        You talk as though trusting the USA is a good thing, something to be regained. The U.S. is and always has been a genocidal, slave-owning, patriarchal oligarchy that masquerades as a “democracy”. I am actually quite happy to see tRump destroy the U.S. standing in the world, he has done more to destroy the evil empire in 4 months than anyone else in its entire history. It truly is a glorious thing.

          • asg101@lemmy.blahaj.zone
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            2 months ago

            Oh no! A multi polar world, what will become of us if we don’t have big daddy USA (or actually the oligarchs that own and operate it) telling us all what to do? And what we can’t do, and who dies for their profit.

          • ubergeek@lemmy.today
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            2 months ago

            So, you’re biggest issue is other nations might step up to replace the Imperial States of America?

              • ubergeek@lemmy.today
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                2 months ago

                Why? Its not like the US is much better than either… All three nation states are rather evil.

                I guess the best could be said about China, because at least they don’t generally engage in genocide as commonly as the other two.

      • TooManyFoods@lemmy.world
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        2 months ago

        But it’s the kind of damage they can try to throw a blanket over, so his supporters can deny it. They’ll never go to other countries, or understand the moments when that trust could have helped. They’ll be detached until someone else is in charge (if it happens) then pull the blanket off to blame others. Like the past 40 years. The empty shelves though. That hits now, and people denying it won’t be for long. They won’t survive.

          • dhork@lemmy.world
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            2 months ago

            But they don’t mind the pain, as long as they think it is hurting people they hate more.

        • JuxtaposedJaguar@lemmy.ml
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          2 months ago

          The reverse is also true: Trump/MAGAs took credit for the stock market gains when Trump was first elected, but then blamed Biden for the stock market crash after Trump took office.

          Basically MAGAs said that Biden ruined the economy but no one realized until after Trump started running the country. Schrödinger’s Recession, I guess.

    • Critical_Thinker@lemm.ee
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      2 months ago

      By that you mean you’re buying indonesian, vietnamese, chinese, ecuadorian… and probably a ton more imported things because nobody really manufactures much of anything in USA or Canada outside of a handful of things that are costly to transport.

        • Critical_Thinker@lemm.ee
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          2 months ago

          Check your clothes labels, personal electronics, appliances, fabrics, salt, medical devices, medicines, customer support lines for major businesses, networking equipment…

          I’m not canadian and i’m certainly not a dumpy supporter but realistically what the fuck would you ever want to buy from the US that is actually made 100% in the US anyway?

          • Lushed_Lungfish@lemmy.ca
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            2 months ago

            Haven’t bought clothes, personal electronics, appliances, fabrics, medical devices in ages. The last customer support I called was for Revenue Canada. As for my meds, those are all generic and essentially free for me.

            The only things I buy regularly is booze (Canadian Club and Laker) and groceries and I buy as much Made In Canada produce as possible.

  • Secret Music@lemmy.blahaj.zone
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    2 months ago

    now denying plans to fire Powell

    As an outside observer, one of the funniest things about Trump (and this whole crowd actually) is the amount of just denying things that they do. There is never a single time that they admit fault or the capability to learn and improve. Drunkard clowns like Hesgeth have to be dragged out kicking and screaming for something to be rectified, at which point they’ll just go “Uh, well anyway, here’s the next guy, he’s going to be great! Tremendously bigly!”

    Elon didn’t do that famous hand gesture that we all saw him do twice in a row. Fox News guy didn’t use a 3rd party app for a top secret war chat and didn’t include a journalist in the group. Trump didn’t apply those tariffs or throw unhinged temper tantrums on social media. It’s all just the fake news librul agenda trying to discredit these fine upstanding members of society as usual. And if it’s true - onto the next thing. How about that woke agenda amirite?

    • pulsewidth@lemmy.world
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      2 months ago

      It gets thrown around a lot but Orwell’s 1984 has a passage, the context in the book is the protanonist realizing specifically about how it is impossible to argue against the fascist party as they happily substitute alternate facts whenever desired, and mandate the loyal adopt them wholesale.

      “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

      This is the chapter. https://george-orwell.org/1984/6.html

      • flynnguy@programming.dev
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        2 months ago

        I read 1984… I really liked it but I thought the whole war is peace, freedom is slavery bit was something that no one would really buy. Then Trump took office and I feel like I’m taking crazy pills. I now believe 1984 and don’t question it at all. :(

        • GoodLuckToFriends@lemmy.today
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          2 months ago

          I almost wish 1984 was the reality, but it’s a horrible mix of 1984 and Brave New World. Rather than just being oppressed due to fear of your comrades turning you in, like 1984, we also get people happily ignoring everything bad to get their fix of the fixed slice of the world presented to them.

          If it was just 1984, at least I’d have hope that enough people could see the problem, rise up against the problem, and not have to contend with the contented masses that just want the status quo.

          • Ledericas@lemm.ee
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            2 months ago

            same here in us, plus catcher in the rye. and classical literature as well. they made an attempt to force people write papers for the first time, but it was so haphazard it dint turn it good.

      • bss03@infosec.pub
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        2 months ago

        “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

        I actually hate this quote because idiots around me use this thought pattern to reject the results of rigorous scientific studies in favor of their isolated, personal experiences.

        To them, “Science” is an much and authoritarian imposition as “The Party” and “Scientism” is the worst “cult”.

        Yes, your experience is valid. But, it doesn’t trump shared objective reality, which good science reveals.

        • yarr@feddit.nl
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          2 months ago

          My favorite phenomonon is anti-vaxers and the like saying “Science is hogwash! Ever notice how they just say ‘Trust the science!’? That means it requires faith!” Sure, that’s all well and good, except an actual scientist will NEVER say “Trust the science!” The foundations of science are NOT built on blind trust. It’s built on truth which is established experimentally, which is the opposite of blind trust. It’s very telling that people saying science is flawed are the same folks that don’t understand it.

          It’s largely the same thing as someone saying “Evolution is hogwash. I’ve never seen a monkey turn into a human!” (except evolution doesn’t say that it will either…)

            • yarr@feddit.nl
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              2 months ago

              This is a direct result of the degradation of education. Countries that have a higher standard of living for ALL people: health (mental and physical), fair wages, maternity/paternity leave, etc., also have better education standards. In some cases, free university.

              As an American, I can say this sounds like COMMUNISM and I will fight to the death to avoid the specter of universal health care! America leads the world in health care spending and we intend to keep it that way.

            • Ledericas@lemm.ee
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              2 months ago

              yea most fields dont even require bio as part of thier degree, not even remdial, felt that should be part of the curricilum colleges.

        • Patrick Loftus 🖖:us_d:@pwl.farted.net
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          2 months ago

          @bss03 @pulsewidth If you are not willing to learn or to be curious about reality then the truths discovered by science would be no different to you than any other form of mysticism. It’s then possible to apply that quote to anything that doesn’t align with your experience.

      • Soup@lemmy.world
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        2 months ago

        As an adjacent observer(Canada, and we have our own idiots) it’s kinda funny. The US has had so much time and so many resources to not being the shithole it is today and they just couldn’t bring themselves, as a country, to get there. Other countries have done way better with less so we know it’s possible.

        So, as much as it is also scary, awful, and just plain garbage, it is a little funny as well.

        • SparroHawc@lemm.ee
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          2 months ago

          Well, as it turns out, America’s status as an economic juggernaut has always been dependent on keeping our occupied territory as shitholes that are terrible for the people who live there, so we can exploit their labor and resources. We learned well from the British Empire. The shitholeness is just being turned against a larger swath of our population now.

    • Ledericas@lemm.ee
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      2 months ago

      trump has 2 hand gestures of his own, his accordian hands when hes exaggerating or lying. and his double jerking motion.