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Culture War Roundup for the week of January 19, 2026

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More money won't fix it, and it's not like you have money anyway.

You know America has ten times the GDP per capita of Argentina and six times the GDP per capita of Russia, yes? Like there are reasoned and informed criticisms you can make of the USA. 'Doesn't have money' is not one.

There seems to be such a huge split between the left and right on this!

From the left, I hear that Americans are broke. Living with their parents, no healthcare, no job (or a really crappy job), struggling to survive. The official statistics are either made up, or highly misleading (like, a handful of billionares have all the money while the rest of us have nothing).

From the right, I hear that America is the wealthiest country that has ever existed. Way more money than China or Europe. The economy has boomed thanks to Reagonomics, the Bush tax cuts, and Trumps... tweets. We can easily spend a trillion for Greenland, or missile defense, or battleships, or whatever, because we have essentially infinite money.

I think the libertarians are the most correct on this. Whichever party is currently in power will say we have plenty of money to pursue their goals. Whichever party is out of power will say that we're broke, we can't afford it, we need to pay down the debt, etc...

The left believes the US is broke because they pursue PPP minimizing lifestyles(living in NYC, grad school, etc).

Yep, the advice I'd give a teen who wants a comfortable life now is about 180 opposed to what was the default when I was teen; move as far as you can stomach to large cities and go into trades instead of higher education. Or if you want to set yourself up, work in a trade in the city while living a frugal lifestyle for 5 years and get yourself a sizeable downpayment for a house in a rural area.

That's precisely the issue. America has GDP and tries to have more GDP. It doesn't have money. It is a country with a chronically negative current account balance, literally $40T in debt, it has less money than anyone. On top of that it consistently has horrible financial discipline and vulnerability to scams and corruption at home. It can't afford to invest into shitholes with dubious ROI, so it does not invest in them and instead robs allies blind, raises tariffs, extorts investment, tries to monetize everything (eg Golden Visa, Board of Peace). Why do you think there exists BRI, but all American attempts to Build Back Better World or whatever have withered on the vine? China has money. America is broke. The main way it can share prosperity around is to deficit-spend buying Argentinian goods. And unfortunately, it already has enough beef and soy.

The deficit isn’t a negative. It’s been a necessity for the US to run large deficits to finance global trade since everyone else needs dollars to trade with since it’s essentially the only “real” global currency.

In many ways it’s been a negative for the US because it’s made domestic manufacturing too expensive.

...

That's not a natural law.

It's an accounting identity.

Good post. Sometimes people Write paragraphs on subjects. But this does breakdown to just being an accounting identity.

...

The American market will swallow up beef at reasonable prices. Even a mild discount vs the very high US cost of production will enable functionally infinite sales. Soy and wine(the most visible Argentine product to the US market is, far and away, malbec), maybe not, but the limitation on Americans buying steak and brisket is budgetary, not consumption ability.

Even a mild discount vs the very high US cost of production will enable functionally infinite sales.

US has been a small beef market for Argentina. 70% goes to China. I'm sure it's not because Argentinian beef is too expensive for Americans right now.

Funny you invoke South American beef. That's part of the Mercosur dispute right now.

The best available studies project that this arrangement will cost the Irish beef sector up to €130 million annually due to downward pressure on prices. Because Mercosur beef is produced to much lower environmental, animal welfare and food safety standards than its European competition, it is likely to be significantly less expensive to buy.

We have quotas on Argentinian beef that pre-date Trump. Trump wants to quadruple the amount which I think is a good thing. In the past Argentina has had restrictions on beef exports and taxes because the domestic population gets angry if beef prices are high.

The most interesting thing about Argentina to me is it has some American similarities but rich people live in cities. It makes me curious how much anti-urban living in the US is just a result of the high crime rates following the Great migration.

Argentina isn’t really a low crime society compared to the vast majority of America, where rich people actually live(not a lot of the Uber wealthy in St. Louis, detroit, Baltimore).

It’s high crime for a country that is almost all white.

It’s low crime for LATAM

It’s overall about the US average.

I think it’s obvious black peoples are a big reason why America doesn’t have many dense cities (NYC, Boston, some Miami). Some of that is crime and some of that is schooling. I feel safer in Buenos Aires than I do Chicago and NYC. Though NYC murder rate is reasonable.

The U.S. is entirely capable of having nice(albeit low affordability) low crime urban core neighborhoods in major cities. There’s several. The U.S. economy just doesn’t mandate rich people live in urban cores.

But they are always low affordability. Every city has some kind of barrier to prevent diverse urban communities. Zoning or price.

It makes me curious how much anti-urban living in the US is just a result of the high crime rates following the Great migration.

Rich people live in cities in the US too, and I think almost always have (though the ultra-rich will have multiple residences of course). The working class, middle class and UMC are the ones who moved out, and I believe this started immediately after WWII simply because of lack of housing (hence the building of the Levittowns and their follow-ons), but the high crime rates and the race riots probably accelerated the trend.