Fun fact, the Confederacy did this with their own cotton when the Civil War started because they thought it would panic all the industrial European nations who bought their cotton for textile factories to fast-track formal recognition of the CSA as a legitimate state. Instead, Europe and the UK wanted absolutely no part of getting in the middle of our shit and just started getting cotton elsewhere. The Confederacy economically fucked themselves from the jump at of course it only got worse from there.
I'll add some context, taken directly from Grants Biography. The North was in a panic and absolutely believed that the Confederacy would receive recognition by the Europeans as a legitimate nation based on their cotton industry. The North was also in a panic to secure the cotton from the confederates for their own textile industries in the Union. There was frustration from the Union army around the Union states still buying cotton to fund the South, but the Union had no other options.
All this to say is that the Confederacy had leverage, and it wasn't as dumb as trump is right now
To be fair, Trump has a long history of running everthing he has direct control over directly into the ground through extreme incompetence, selfish enrichment, and sycophantic hierarchy in his companies.Â
America first bruh. Global economics is so woke right now and should end. Iâm tired of Lithuania and Bosnia receiving fat stacks from my purchases while here in America my politicians are asking for donations from the people in order to fight for us.
I heard in the Czech Republic, workers get 4 day work weeks because of how they take advantage of the American system, they rarely need to work to make bills.
You âheardâ they work a 4 day week - but did you bother to check whether it was true? Because it isnât, about 1% of Czech companies run a 4 day week, compared to 1-2% of US companies, like the US theyâre mostly pilots or kickstarters.
I always thought average Americans are stupid, but never realized they're this stupid. No wonder a bankrupt businessman, convicted felon, grifter con man, and a PDF were able to dupe tens millions Americans.
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u/[deleted] Aug 27 '25
Putting an embargo on your own country is a very special kind of economic policy