askchapo

Short-term, the MAGA kool-aid drinkers will just blame China or DEI or whatever. The average citizen is gonna feel the pain and blame Trump, but my guess is, Democrats are going to acquiesce too much to civility politics and compromise so they won’t look like an actual opposition party so those citizens will just stay home in 2026. The pundits will predict a blue wave in the mid-terms but it’ll just be a narrow victory in the House, split to narrow Republican advantage in the Senate.

Long term, the last 40 or so years of the U.S. economy have been in this “equilibrium of inequilibrium” cycle. Big bubbles, big crashes, but never slow and steady, nor prolonged golden age, nor complete collapse. So there’s this question if the next crisis will be more of the same, or if it will mark a significant collapse/re-ordering of the global economic order. There’s been a lot of indicators out of China that they’re on the cusp of real technological innovations, especially with regards to climate change mitigation, whereas in the West “innovation” has become a fig leaf for slop like crypto and AI that just re-packages old ideas. So if the next bubble burst coincides with a Chinese technological leap that leaves all but the very richest Americans out, it could shatter that American sense of economical exceptionalism (already happening to an extent on xhs). National sense of self combined with an economic collapse is a recipe for weeks were decades happen.