Summary

Trump warned automakers not to raise prices after announcing a 25% tariff on imported vehicles starting April 3, claiming the tariffs would be “great” and benefit U.S. manufacturing.

Industry leaders, including GM, Ford, and Stellantis CEOs, expressed concerns about inevitable price increases, with experts warning tariffs could add thousands to car costs.

Auto suppliers stated that absorbing tariffs is impossible, and dealers fear affordability challenges for consumers.

While the United Auto Workers union support the move as a job creator, trade groups predict higher prices and fewer manufacturing jobs.

  • VodkaSolution @feddit.it
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    5 days ago

    “The price is the same as last year’s but today’s model comes with x, y, z optionals that make the price go that high”

      • jumjummy@lemmy.world
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        No it’ll probably be “options” like a hood paint protection film, premium floor mats, door trim protectors and other dealer installed “options” that are in no way optional and get added to every car with a 800% markup.

  • grimaferve@fedia.io
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    5 days ago

    Keep this up and we might even get to see America starting a state-run car company. This’ll be great to watch. 🍿

  • a9cx34udP4ZZ0@lemmy.world
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    5 days ago

    Don’t worry guys, he “saved them” by eliminating subsidies for EVs. That fad is clearly going away, and by gutting the American auto industry’s ability to grow their EV market share, we’ll clearly be poised for global dominance. Obviously the rest of the world LOVES smog and HATES silent/emissions free vehicles and will FLOCK to ICE cars that are priced the same as Chinese EVs.

        • futatorius@lemm.ee
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          Trivially solvable by looking, unless we are going to regulate millions of vehicles and add to noise pollution for the hypothetical sake of a few visually-impaired people.

          • aeshna_cyanea@lemm.ee
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            4 days ago

            idk about you but i greatly value the opportunity to track nearby vehicles that are outside my field of vision without having to turn around constantly or wear one of those hats with rearview mirrors

      • futatorius@lemm.ee
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        Are you going to force bicycle riders to also put playing cards in their spokes so we can hear them too? Will pedestrians be forced to sing while in public? Or will people instead learn to actually look? Anyway, even a silent car emits lots of tyre noise, and every EV I’ve run across also makes some sci-fi-like noise whenever the motor is running.

        • Wanpieserino@lemm.ee
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          I ring my bell when I pass people that won’t see me on my e-bike.

          if I wanted to be a complete fucking jackass, I’d just pass them at 30 km per hour without making a sound.

          I’m sure they would love that.

          It’s the responsibility of the vehicle user to make sure that people know of them.

          Noise is extremely useful as it’s a 360 radius.

          It’s annoying, but useful.

          Unless you can come up with other solutions to make pedestrians aware of vehicles. Beyond just looking. It’s extremely easy for a pedestrian to put their foot on the road before looking sideways just because he heard nothing.

      • pumpkinseedoil@mander.xyz
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        From outside the main thing you hear from a car is the noise it makes through rolling. You still hear that with EV. The silent part is when you’re sitting inside since good cars are dampening the roll (and wind) noise

        • RisingSwell@lemmy.dbzer0.com
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          It’s an issue at low speeds where tyre noise is nowhere as loud. Also in a city it’s fighting against the other ambient noises that are quite loud.

          • pumpkinseedoil@mander.xyz
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            That’s why they’re emitting sounds at such low speeds (at least in the EU, no idea how they’re regulated elsewhere)

    • Lit@lemmy.world
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      yup he is helping russia make US go bankrupt. Trump has talent in bankrupting his companies.

    • pleasegoaway@lemm.ee
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      The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

      All is going according to plan.

      • Tiger666@lemmy.ca
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        100% agree, this is a coordinated attack on the US by bad faith actors willing to sell a society into bondage for personal gain. They want to make themselves techno-pharoes, in my opinion.

      • peteyestee@feddit.org
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        This is something people forget a lot because everyone gets consumed by latest bullshit drama pop political news.

  • Hemingways_Shotgun@lemmy.ca
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    So he’s basically telling the other billionaires to eat the cost of the tariff themselves and NOT pass them on to the consumer.

    Trump really is stupid enough to start biting the hands that gave him his current position, all because Musk tells him to.

      • Hemingways_Shotgun@lemmy.ca
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        it makes line go down.

        You often see the question asked online “What radicalized you?”

        For me, I was working for a telecommunications provider as a manager and was told that neither myself nor my staff would see any raises or bonuses that year because “the company didn’t make any money.”

        The kicker being that the company made 6 billion that year. But because the money counters had projected them to make 7 Billion, and they didn’t hit it, giving out raises would make the stock price drop even more than it was already going to. Essentially, not enough profit, is the same as NO profit.

        But you better believe the CEO and executives got their bonus that year.

        it makes line go down.

        • ThomasCrappersGhost@feddit.uk
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          “Projected profit” versus “actual profit”. Thank you, cause I’ve always wondered how a company can make a profit and high up people in that business can say that the actual workers don’t deserve a pay rise.

          The really stupid part is a well paid and well educated work force will create more money than the alternative.

          • dnick@sh.itjust.works
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            Problem is that a well paid and well educated workforce will make more money ‘sometime after the next quarter’ and in a diffuser way spread evenly across the board.

            Stiffing people and withholding raises will show a profit within a quarter someone’s bonus is based on.

            Guess which option the people who get the bonuses will pick.

            Honestly the ‘fiduciary responsibility to maximize shareholder value’ might be the phrase we’ll look back on as the downfall of the human race.

  • A_A@lemmy.world
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    6 days ago

    unions support the move as a job creator

    … until manufacturers go bankrupt

    • Avid Amoeba@lemmy.ca
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      You drank some neolib koolaid if you think manufacturers are going bankrupt from this. Auto manufacturing is one of the sectors where jobs have been continually exported to Mexico for lowering labor costs and increasing profit margins. It’s also a sector where there still is a significant manufacturing base in the US and it can be expanded if needed. The real issue is with auto tariffs is parts since those have more diverse sources across borders.

      This isn’t the chips manufacturing sector that doesn’t exist in any significant capacity in the US, where increasing tariffs would just increase prices / lower margins without any chance of recourse in the short term.

      • A_A@lemmy.world
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        Thanks for this detailed analysis.

        As for my comment, it was from an extremely simplistic reasoning (that you could call borderline dumb but probably not neoliberal 🤣).
        My reasoning was that, if their costs goes up (because of tariffs) and they have to sell at the same price, so, making a loss on every sell, eventually, they would go bankrupt.

      • futatorius@lemm.ee
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        The real issue is with auto tariffs is parts since those have more diverse sources across borders.

        That doesn’t convey just how insanely complex car-manufacturing supply chains actually are. And the transition to just-in-time manufacturing has meant that stock on hand is kept to a bare minimum, so the impact of disruptions is even greater than it would have been a generation ago.

    • Shiggles@sh.itjust.works
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      unions

      Article only says the UAW, which has more retired members than it does active, and a pathetically small percentage of the active automotive workforce.

      I’m not super well versed in “healthy union demographics”, but a quick wikipedia perusal says the three largest US unions (National education association, service employee international union, and the american federation of state, county, and municipal employees) have between 2-15% retirees.

      Something tells me the UAW is just led by chuds but what do I know?

      • brendansimms@lemmy.world
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        It seemed odd to me to that Shawn Fain would throw support behind tariffs, but it does make sense in this way: “free-trade” agreements allowed US mftr companies to move manufacturing outside the US, where they could pay employees way less while still charging huge markups while selling inside the us, and the c-suite pockets the surplus. The new tariffs '‘supposedly’ should encourage companies to bring manufacturing jobs back to the states, which is in line with the goals of the UAW - improve working conditions and encourage job growth in the auto sector in the US. So even if the real end result of the tariffs is that companies just continue to overcharge and screw people over and find ways to avoid paying fair wages (which is clearly whats going to happen), the alleged goals of the tariffs are in line with UAW goals…but its still bad optics for Shawn Fain to agree with Trump on anything for a siginificant amount of UAW members, especially since UAW now includes a lot of college/university/education/science sector members as well

      • breakingcups@lemmy.world
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        I thought that couldn’t be true, but yeah, you’re right. Over 400,000 active members and more than 580,000 retired members. Odd.

        • Billiam@lemmy.world
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          Why is that odd? It makes sense that as the automotive industry has increasingly become automated, there would be less of a need for human labor.

          • Avid Amoeba@lemmy.ca
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            And since auto jobs have been exported to Mexico since NAFTA.

            And since the auto sector is more than a century old.

            • Billiam@lemmy.world
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              And since auto jobs have been exported to Mexico since NAFTA.

              The big 3, sure. But there’s many automakers who still do manufacturing in the US- Toyota, VW, Rivian, and Tesla (lol) come to mind. However, they’re also building those plants in the South because of crap labor protections for workers and no unions.

      • Sir_Kevin@lemmy.dbzer0.com
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        UAW also represents DoD workers, which has a lot of (retired) veterans on it’s roster. I don’t know if that’s skewing the numbers but something to consider.

    • kryptonianCodeMonkey@lemmy.world
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      Tariffs for Canada and Mexico would only be beneficial for automotive manufactures if A) American manufacturers were not heavily invested in and leveraging factories in Canada and Mexico and B) Canada and/or Mexico had any major auto manufacturers of their own competing with American brands. Neither of those is true. They MAY divest from Canadian or Mexican factories as a result and reinvest in domestic factories. BUT they are going to take big losses for that divesture AND be paying tariffs every time their parts ship between their factories across the borders right now. Their costs are going to go up and Americans will have to pay for the difference there.

  • Gordito@lemmy.world
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    So basically government price fixing. Isn’t USA supposed to be the pillar of libertarian capitalism?

    • UnderpantsWeevil@lemmy.world
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      So basically government price fixing.

      Not even. He’s not doing anything to prevent prices from going up. He’s just whining at businesses for refusing to cut their margins to fund his government.

      Isn’t USA supposed to be the pillar of libertarian capitalism?

      It’s funny. There’s a couple of think thanks - the Fraiser Institute, the Hoover Institute, in collaboration with the CATO Institute - that are constantly putting out papers saying how America hasn’t gone Libertarian Capitalist enough. Historically, the two places in the world they consider “Most Libertarian” have been Hong Kong and Singapore.

      However, over the last decade, they’ve been forced to delist both of these locations as Chinese business investment flooded in and American financial interests were shoved out. So now their new favorite spots are Switzerland, New Zealand, Luxembourger, and Ireland. Incidentally, these institutes are filling up with White Nationalists and other ultra-orthodox Christian Conservatives who refuse to acknowledge any country with brown people in it might have civil or economic liberties. The current issue of their annual newsletter blames a great deal of this shift on pandemic response and subsequent economic relief during the downturn. But there’s plenty of ink spilled denouncing any country that’s breaking away from the MAGA mindset, particularly Canada, China, and Mexico.

      As our relationships with the BRICS and the various Latin American, African, and Southeast Asian states have deteriorated, our ability to recognize them as free and liberal have decayed alongside them. And the criticisms internally ebb and flow with the state of domestic politics - Obama ushering in a low-watermark for American liberty, for instance.

      • Dagwood222@lemm.ee
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        Funny story.

        A while back someone posed a question online. They wanted to know why all Socialist countries fail? I answered that they don’t; look at Canada. They told me that I was a fool, because the Heritage Foundation had showed that Canada was freer than the USA. I asked why we shouldn’t have Canadian style health care? They never got back to me.

        Reminded because of the folks you cited.

        • novibe@lemmy.ml
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          Cool little story and all, but Canada is the furthest thing away from socialist.

          Socialism is not when the government does stuff. And the more stuff it does, it doesn’t get more socialist. Even if it does A LOT of stuff, it still won’t be communism.

          Socialism/communism is the method and path through which the working class will liberate itself. It’s the death of classes and class struggle through the dictatorship of the proletariat.

          • azertyfun@sh.itjust.works
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            Where did you get the impression that the Marxist definition of socialism was even relevant here? Bringing philosophical jargon into colloquial conversations is basically trolling at this point since philosophical/social studies jargon often use words that have zero semantic overlap with their colloquial counterpart.

            Proselytize all you want but if you “um akshully” socialism in a colloquial conversation you will look like an unwashed cave troll at best.

          • Dagwood222@lemm.ee
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            You know, I really don’t care how you define the system as long as it works.

            I have been people argue about ‘socialism’ vs. ‘social democracy’ vs ‘communism’ since I was in grade school and none of it has done a drop of good for anyone whatsoever.

            While people on the Left are wasting time arguing, the people on the Right are voting. They are the ones who keep winning because they keep their eyes on the prize.

            Donald Trump is literally throwing people in jail for speaking out, and expanding the Gaza genocide right now, and you’re focusing on how I define 'socialism.

            • futatorius@lemm.ee
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              I have been people argue about ‘socialism’ vs. ‘social democracy’ vs ‘communism’ since I was in grade school and none of it has done a drop of good for anyone whatsoever.

              If you’re unable to clearly define your terms, you’re unable to think correctly. Knowing what you’re talking about is a good in and of itself.

              the people on the Right are voting

              That voting is a downstream consequence of a long program of mass manipulation and propaganda, backed with voter-suppression measures. Unless you address that root cause, lecturing people about not voting is a pointless distraction.

              and you’re focusing on how I define 'socialism

              Making a couple posts didn’t take long, and education is part of the process. There can be no revolution without revolutionary consciousness. If you become capable of thinking more clearly, maybe you’ll someday be in a position to affect events in a more constructive way.

              • Dagwood222@lemm.ee
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                You know, I really don’t care how you define the system as long as it works.

                You never answered the main point.

          • futatorius@lemm.ee
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            More precisely, to use Marx’s definition: socialism is when workers own and fully control the means of production.

            Government services: not socialism, no worker ownership or control.

            State capitalism (like China and the former USSR): not socialism, no worker ownership or control.

            Historically, the closest things we’ve seen to socialism so far are worker-owned co-operatives and city- or provincial-level anarcho-syndicalist systems such as the Spanish Anarchists before the fascists murdered them. Some grassroots movements like Podemos and Occupy have also attempted to implement such systems, with brief and limited success.

            Again going back to Marx, he expected socialism to be an emergent phenomenon as late capitalism in the most advanced economies becomes unsustainable (he didn’t anticipate the transition from feudalism to state capitalism in Russia and China, or its leaders fraudulently calling it socialism). You’ll see more attempts to implement worker ownership and control, and you’ll see those who get fat off the existing system do everything they can to smack those attempts down. That’s where we are now. Then there will be a sort of phase transition that might take the form of a revolution or might be a less brutal change.

            Now, whether Marx and his successors are correct in his prediction, only time will tell.

    • AtariDump@lemmy.world
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      Libertarian police

      I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.

      “Bad news, detective. We got a situation.”

      “What? Is the mayor trying to ban trans fats again?”

      “Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”

      The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”

      “Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.”

      “Easy, chief,” I said. “Any rate the market offers is, by definition, fair.”

      He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.”

      “Don’t worry,” I said. “I’m on it.”

      I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside.

      “Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.

      “Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up.

      “Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?”

      It didn’t seem like they did.

      “Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”

      Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing.

      I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it.

      “Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled.

      Too late. He was already out the front door. I went after him.

      “Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen.

      I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!”

      He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose.

      “All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.”

      “Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy.

      “Because I was afraid.”

      “Afraid?”

      “Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.”

      I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head.

      “Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.”

      He nodded, because he knew I was right. Then he swiped his credit card to pay me.

      • IninewCrow@lemmy.ca
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        6 days ago

        Aka the mafia … backed by muscle and violence

        Do as we say … or you’re going to have some trouble with your knees … you don’t want trouble with your knees do you? … wouldn’t want to have an accident with your knees

        • Mirshe@lemmy.world
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          Awful nice automotive industry you got here. Be a damn shame if a training accident dropped some bombs on your factory. A real shame, it’d be.

    • futatorius@lemm.ee
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      It never has been. US capitalism has always been the kind that actually exists in the wild: corrupt, subsidy-consuming, protected by regulatory capture, and inextricably entangled with the workings of the government.

      Libertarians’ ideas of what capitlalism is fail to reflect any historical situation anywhere, since their simplistic models fail to consider second-order effects, non-linearities and human nature. But coupling with other systems is inevitable, and there is no economics that exists independently of politics. Karl Marx got a lot of things wrong, but he knew that key fact.

  • SulaymanF@lemmy.world
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    There’s no way for carmakers to absorb tariffs AND increase jobs with the reduced revenue.

    • shawn1122@lemm.ee
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      They can, they’ll just go out of business. Puts them at a huge competitive disadvantage relative to asian and European car makers.

    • dance_ninja@lemmy.world
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      The best they can do is probably close their Canadian/Mexican plants if the losses are too great, which would increase unemployment in those areas for not only the automotive factories, but also the ones for the automotive suppliers. Even if a Chinese company swoops in to buy the factories, it’d take time to set things up.

    • Tiger666@lemmy.ca
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      It will kill more than just dealerships. Imagine being any company operating in the US and the president threatening other companies for not paying the tariffs he is imposing. Imagine the investor confidence imploding and companies refusing to operate and close doors because they are not willing to pay for a stupid president destroying their profits. Companies have a fiscal responsibility to their shareholders, and this won’t be tolerated.

  • SabinStargem@lemmy.today
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    If nothing else, I look forward to the history books and a tragicomedy documentary about…everything, really.

    • nfreak@lemmy.ml
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      History is written by the victors, and the outcome is looking grim right now.

      • chatokun@lemmy.dbzer0.com
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        That works much less in an interconnected world (part of why they hate globalism). There are other countries keeping tabs as well. It’s also why we know of the many atrocities committed by the US worldwide. They can try and hide what they can, but it’s much harder these days.

      • SabinStargem@lemmy.today
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        I am certain that Dogey America will lose. Whether any good parts of the USA survive the chemotherapy is the question.

    • SouthEndSunset@lemm.ee
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      I want to be there when the students ask “”why didn’t the ones with the guns to protect against tyranny use them”.

    • peregrin5@lemm.ee
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      He’s a dementia riddled old man who shits in diapers. What do you expect?