AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Is There a Cold War in the US?
It's very much how the whole of the Cold War was fought. The US sponsored right-wing rebels against communist governments and they backed right-wing governments against communist rebels each time trying to weaken the other side. It turned out Reagan was not totally wrong when he just basically we can bankrupt them because we just have much more money than that. Get up there, economy was in a mess, years of demand economy. And they were just a weak economy and he just drove them into bankrupt. So you can't continue to spend at the rate we can spend. That's what this seems like to me.