Geopolitical Economy Report • 757 implied HN points • 03 Jun 23
- The US government prioritizes boosting the military budget over providing assistance to those in need, like restricting access to food stamps for the poor.
- US politicians across parties show little concern for the national debt, as evident from the bipartisan agreement to increase the military budget significantly.
- The US economic dominance, particularly with the dollar as the global reserve currency, affords it privileges that other nations, especially in the Global South, do not have, allowing the US to handle debt and deficits uniquely.