In 1991, Charles Barkley decided to change jersey numbers as a tribute to Magic who had recently retired. A firestorm ensued when 76ers fans hit the radio call-in lines to criticize him for having Billy Cunningham's retired number "pulled down".
This was Chuck's response:
Most shocks are actually endogenous to the capitalists system itself. The thread below insists more microfundations are the answer to the failures of DSGE models. My solution is System Dynamics as outlined in my working paper:
https://t.co/Frk4d0k54Y
There is nothing surprising about this. As imperialist hegemony weakens and its ability to sabotage sovereign development diminishes, the inherent superiority of socialism as a development model will become increasingly clear to all. This is one symptom of the emerging polycentric world — and part of the long systemic transition from capitalism to socialism.
Imperialists keep having to invent socialist massacres to deflect from the reality that capitalism is one continuous, world-spanning genocide.
We often hear about the 140 people who died trying to cross the Berlin Wall over a period spanning 28 years. But we never hear about the 9,900 people who die every single day because they lack access to healthcare — a direct outcome of imperialism's denial of sovereignty to the global periphery.
We often hear about some number of people who supposedly died at Tiananmen Square in 1989 — a highly-contested narrative. But we do not hear about the 1,545 people who die every single day because of Western sanctions — 38 million people in total over a fifty year period.
Given the sheer barbarism of the imperialist world system, we should marvel at how mild the actions of socialist and revolutionary projects are by the standards of the systemic and unrelenting violence they are forced to confront. And there is certainly no need for progressive forces to be apologetic or ashamed about these measures.
Purpose-Based vs Profit-Based: China’s Society-First Model Exposes America’s Decline
Thread 1/2
In China, they build a purpose-based system — society first. Stability, long-term strength, and lifting the collective come before any single quarter’s profit.
The US runs a pure profit-based machine, rotten with financialization and elite capture. Shareholders, insurance giants, defense contractors, and billionaire donors dictate everything.
This obsession with profit over purpose is hollowing out America while China surges ahead.
The difference shows clearly in healthcare, education, defense, governance, and the inflated GDP numbers.
Healthcare: Purpose-Driven Care vs Profit-Based Predation
China’s purpose-based healthcare prioritizes universal access and prevention at massive scale. Public hospitals, community clinics, and domestic manufacturing of medicines and equipment keep costs low. Life expectancy rises steadily and infrastructure expands to serve the people’s real needs. The goal is societal health and resilience, not extraction.
America’s profit-based healthcare is a predatory scam consuming nearly 18% of GDP while producing worse outcomes than China on life expectancy and infant mortality. Pharma monopolies, insurance giants, and hospital chains bleed patients with insane pricing and bureaucratic waste. Simple treatments cost many times more here. All this spending simply inflates US GDP figures — counting rent-seeking and corruption as “growth.” A failing system that bankrupts citizens for shareholder returns.
https://t.co/s28SLT1Pqy
Education: Purpose-Driven Human Capital vs Profit-Based Debt Traps
In China, education is purpose-based: students master math, science, and engineering to build national strength. China produces far more STEM graduates, fueling infrastructure, technology, manufacturing dominance, and long-term rejuvenation. It is a serious, subsidized investment in the country’s future.
The US profit-based model saddles youth with crushing debt, K-12 inequality by zip code, for-profit colleges, and administrative bloat. It pads GDP statistics but fails to create broad industrial capability. America imports talent, watches its foundations erode, and talks endlessly about innovation. China pulls decisively ahead in patents and real productive power.
https://t.co/Na6wjGDAlL
Defense: Purpose-Based Security vs Profit-Based Forever-War Grift
China modernizes its military with a clear purpose-based focus: defend sovereignty, secure supply lines, deter interference, and support peaceful development. Practical investments in hypersonics, naval growth, and integrated capabilities serve national stability without wasteful profit motives.
The US operates a profit-based global empire of bases and endless conflicts. Defense contractors exploit cost-plus contracts, turning security into a limitless cash machine that inflates GDP but causes strategic overstretch and declining industrial muscle. America counts paper “growth” while China builds tangible defensive strength.
https://t.co/Iza79afUKR
Leadership & Governance: Purpose-Driven Meritocracy vs Profit-Driven Election Circus
America is crippled by its profit-based political system — endless election cycles of showmanship, donor cash, and media drama every two or four years.
Short-term optics and special interests block real solutions.
The leadership class overflows with lawyers, bankers, millionaires, and billionaires skilled in self-dealing rather than nation-building.
China operates a purpose-based meritocracy. Leaders rise through decades of proven results at local and provincial levels. Long-term planning dominates — multi-decade strategies executed steadily.
Top officials are mostly engineers and STEM professionals who understand systems, infrastructure, and scaling.
This delivers genuine direction and discipline for the people.
https://t.co/lPhVO9ROA8
Thread 2/2
The Inflated GDP Mirage: Profit Illusion vs Purpose Reality
US GDP appears dominant only because its profit-based economy is pumped with financial tricks, healthcare looting, defense pork, and accounting games. Much of it is paper wealth and rent-seeking, not real factories or output.
China’s purpose-based metrics show tangible progress: high-speed rail networks across the nation, manufacturing supremacy, and historic poverty eradication.
When measured by actual productive strength and outcomes for the people, the society-first, purpose-driven path is clearly superior — and the gap closes rapidly.
https://t.co/s28SLT1Pqy
Living here in China, the contrast is impossible to ignore. One system chooses purpose, discipline, long-term vision, and real societal cohesion.
The other sacrifices everything on the altar of profit, electoral theater, and decadent elites. The multipolar world is exposing which model truly delivers.
The train has left the station.
Adapt or watch it pass.
Billionaires don’t create jobs.
They build businesses that wipe out smaller competitors, consolidate entire industries, and eliminate thousands of jobs along the way.
Then they hire people back at lower wages and call it “job creation.”
The Knicks have annihilated any and all teams who have tried to guard them traditionally and yet so many think we're tripping for suggesting the thing that teams are doing that has the Knicks 12-0 with the largest point differential across 12 games in NBA probably isn't ideal 😂
Important insight…
Deficit spending injects reserves net: When the government spends on infrastructure, responds to supply shocks (e.g., energy crises, pandemics), or runs a primary deficit, it credits private bank accounts → banks gain reserves at the central bank. This is the key net addition to the system.
• Bond issuance is OPTIONAL and drains reserves short-term: The Treasury sells bonds to investors/banks. Buyers transfer reserves to the government’s account at the central bank. This removes excess reserves that would otherwise push short-term interest rates down (toward zero in a floor system). Central banks use this (or alternatives like paying interest on reserves) to maintain their target rate. https://t.co/PhfxqFHncO
• Redemption/maturity returns principal + interest: When bonds mature, the government pays back the face value (and interest). This injects reserves back into the banking system—reversing the earlier drain. In practice, with ongoing deficits, governments rarely run large surpluses to “pay down” the debt stock; they issue new bonds to roll over maturing ones. The total stock of government liabilities (reserves + bonds) grows with cumulative deficits. https://t.co/xkGRDdgyjt
Net effect over time in a deficit-running economy: More financial assets in the private sector (deposits, bonds, etc.), supporting demand, saving desires, and investment.
The government “debt” is the private sector’s asset.
By the way, if you want to know how evil banking is. I no longer work in that industry, largely because despite having excellent metrics, and building good relationships with customers. I absolutely refuse to lie, or give bad financial advice, or trick people into things they didn't need.
As such, the branch manager hated me, because I "left opportunities on the table". Opportunities like tricking a grandma, who had a paid off house that she was going to pass on to her grandchildren, into getting a reverse mortgage, that she didn't understand because she was senile.
Opportunities like tricking a teenage girl, who already has bad spending habits, into getting a credit card for overdraft protection, which would just lead to massive fees and debts.
Completely evil industry.
I keep coming back to the "Doorman fallacy" when I hear about how Harvard has hired McKinsey to help it fire up to 25% of its staff without asking anyone what they actually do.
The reason we think dandelions are weeds is because of a 1950s marketing campaign.
Dandelions, native to Europe and Asia, were brought to North America in the 1600s by European colonists who grew them deliberately.
Every part is edible. The leaves are a salad green, the flowers were made into wine, and the roots were roasted as a coffee substitute and used medicinally for liver and kidney conditions for thousands of years. They were a kitchen-garden staple well into the 1800s.
The shift happened after World War II, when 2,4-D (originally developed for chemical warfare research) was approved as a residential herbicide. Companies like Scotts built the modern lawn-care industry around the idea that a perfect green lawn meant zero broadleaf plants.
Dandelions, being bright yellow and resistant to mowing, became a visible enemy, and the campaign worked. By the 1970s, "dandelion-free" was synonymous with "well-kept."
They aren't native, but they aren't doing significant ecological harm either. The herbicides used to kill them, on the other hand, kill bees, contaminate groundwater, and have been linked to non-Hodgkin lymphoma in humans.
If you hate dandelions, it's most likely due to a marketing campaign that ran before you were born.
This is the genuine reaction to Hasan you can expect from anyone who isn’t an LA or Portland zoomer (or a teenage girl).
He waltz’s into these places in $5,000 pants and cameras everywhere, like you should be grateful just for his presence, and then he lectures you with his bastardized liberal talking points that he dresses up to sound like communism.
He talks down to people, lying about what he believes (hiding his power level as he calls it) like he’s some sort of genius and the stupid masses aren’t ready for his prophetic message yet. In reality, he’s full of shit and it’s readily apparent to everyone but the most online. People don’t respect that faux intellectualism and condescension.
It's wild to me that people can work 8 hours a day, 5 days a week, for 60 years and still argue this is the best system humanity can come up with, while defending people who make their entire net worth in 30 seconds and insisting they shouldn't be taxed more.
Capitalism is the direct cause of environmental collapse, homelessness, poverty, medical bankruptcy, student loan debt, the dangers of AI Datacenters, high food costs, high fuel prices, foreign wars and adventurism.. Yep all of those things. Until we fix the root cause we suffer.
Engineering trumps all human debate.
Pretty much all debate is a total waste of your time, generated only by humans fighting each other for social status.
A completely unnecessary, destructive detour for the improvement of material well-being.
Hasan Piker is represented by WME Group, the same Democratic Party-linked Hollywood talent agency that represented Donald Trump and still represents ex-U.S. ambassador to Israel Daniel Shapiro, Israeli politician Natan Sharansky, Hillary Clinton, Joe Rogan and countless other political operatives.
In the last 24 hours, Piker's speaker page was wiped.
His supposed block from entering the UK is a fabricated scandal for a Fabricated Man.