@plaguespanics I thought it was interesting how Professor Liu explained that in the 20th c the US did not have "formal empires" but had "preferences" and used other institutions such as the UN and Bretton Woods to spread its influence
@plaguespanics I think the transition is a useful concept because I think to handle climate change there needs to be a global response, but with the US and China competing I do not see them agreeing to shift infrastructure towards green energy etc.
@plaguespanics I was aware of Crazy Rich Asians because when it came out it was super popular. It was interesting to see that just as there are insanely wealthy individuals in the US, they exist in other countries as well.
@plaguespanics I am interested in currencies and debt partly because I am studying Economics and I find it fascinating that a lot of the currency in the world is literally just made up and has no actual value. We as a society buy into it and therefore it gains value.
@plaguespanics I think the slides were very helpful in allowing me to understand the material and stay attentive. I thought his sentences were a little too complicated, however, and I often found myself lost at what he was actually saying.
@plaguespanics I was aware of US hegemony and events such as Bretton Woods. One question I still have is given the US economy has such fluctuations, why didn't countries try to peg their currencies to more stable ones such as Singapore or Switzerland?
@plaguespanics I do not think it is counterintuitive to think about the US as an empire because it is clear that the US has influence in many foreign countries now and throughout history. The US gov has had colonies, supported coups, and had vast economic influence all over the globe.
@plaguespanics I had heard of outsourcing especially with regard to the 2016 election and talks about trade deals. It leads to uneven development because corporations have no incentive to pay high wages or provide benefits, so there is a constant downward pressure on living standards for
@plaguespanics I think the Minhaj episode was very helpful because it was relatable and eye-opening. I had heard about these brands before, but I did not know about how much waste goes into making clothes and getting rid of them. I knew about the horrible labor conditions however.
@plaguespanics Were there any other global empires that survived, or was Britain the only one, and if so why were they the only one to have global power? It seems like fascism was a reaction to a feeling of oppression, but did fascists realize they were oppressors as well?
@plaguespanics With regard to labor in one place becomes money elsewhere, why can't those laborers unionize and ask for better conditions? If they do not work the companies don't get profits. Given many people know the costs of cheaper goods, why aren't more consumers willing to pay higher
@plaguespanics 1) The US is always looking for an enemy. I had never thought of this but it is an interesting way to look at it, after all when you are powerful you need something to compare yourself to/justify military spending
2) That neoliberalism is very similar to neocolonialism as . . .
@plaguespanics fulfilled, or working on the ship was not what they expected. Also, the uncertainty they faced with job stability and low wages was disheartening.
@plaguespanics I am surprised because in today's world you can fly from LA to Taiwan very fast. I think she did this to experience what it was like for workers who toil on these ships and are underpaid. Reading this account was somewhat sad as a lot of the workers had dreams that were not . . .
@plaguespanics satellites and routers, not underseas. One thing I noticed in the interactive map is that some of these cables are privately owned, meaning only one corporation can control them and access the data. It is not really democratic or free to all.
@plaguespanics https://t.co/KI8A2QPeFK
This article explains that the amount of data travelling underseas has increased exponentially, and big tech companies are sources of a lot of funding. This was quite shocking to me because I assumed most of our internet data was transmitted through