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WSHazel

(834 posts)
3. MAGA can reject intelligence all it wants
Wed Jul 2, 2025, 02:29 PM
Jul 2025

A brain drain will draw capital out of the country, which will accelerate a capital transition that is already under way. It doesn't matter what anyone's perception of intelligence is, there will be a very real financial impact on our country.

Where perception matters is with our financial markets. The U.S. has the most complex and advanced financial system in the world, and a lot of our country's wealth is dependent on that financial system, which means it is dependent on foreign and domestic investors' perception of our financial system. If that perception changes from one of complete confidence in the best regulated financial system in the world, to one of declining confidence in a system that has an increasingly fickle regulatory environment and property rights are not as secure as they used to be, then capital will start leaving.

An economy and financial system as complex as America's has never faced something like a fascist takeover. I don't know how it will play out. No one does. Everything is just an educated guess.

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