america is a unique system i think because of its reserve currency. michael hudson dives into it. i think he said other rich countries fund your wars but i forget exactly how.
deficits. voting on spending. taxation. printing money.
the idea of what i was saying is if cost of doing business is cheap, then industry can compete against other countries. but if your cost of doing business is high bc of high housing, high college costs, high healthcare costs, high transit costs, then you wont be able to compete. this is how america originally developed and many other countries. now your economics schools practice junk economics. its propaganda.