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“The Hitler tariffs, announced on Friday, February 10, 1933, stunned observers. “The dimension of the tariff increases have in fact exceeded all expectations,” the Vossische Zeitung wrote disapprovingly, proclaiming the moment a “fork in the road” for the German economy. It appeared that Europe’s largest and most industrialized nation would suddenly be returning “to the furrow and the plow.” The New York Times saw this for what it was: “a trade war” against its European neighbors.

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@georgetakei Even as a #German I wasn‘t aware of many economic details of the #Nazi era of 1933+. Sure, Great Depression - Machtergreifung - state work-creation - war economy, all was dealt with in school ad nauseam, but to (re-)read those things now with a (grown-up) better understanding of economy and politics is eye-opening! The parallels in #ideology with the #Trump regime after is scary as shit, as it is blatantly obvious and doomed to fail (again): https://en.wikipedia.org/wiki/Economy_of_Nazi_Germany

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@georgetakei

The weird thing is this time we are watching ourselves walking smack into it and somehow still we can't stop.

There's a new Vietnam series on Netflix. Apart from routine quibbles as to fact-emphasis, etc., one can read it as a reminder of how effective mass protest can be in a democracy when the wrong people seize the helm.

It’s worth a watch.

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@georgetakei

Today, when people talk about Bretton Woods, it's almost always about the 'gold standard' bit.

Bretton Woods, at it core is about stopping trade imbalances from coming into existence. It was about preventing trade wars and thus real wars from starting.

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@georgetakei I'm drinking a lovely cup of Tetley's #tea. Very good tea. Very cheap tea from the #UK. Why not American Freedom tea? Because freedom tea tastes like whore cooch. It takes several hundred years of cultivation to produce a good tea and a thriving tea estate. And no matter how patriotic you are...the tea is not going to be better faster because of "america first". We can't get EVERYTHING domestically. It's impossible. #economy