this post was submitted on 25 Aug 2025
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chapotraphouse

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Trump: "China intelligently went in and they sort of took a monopoly of the world's magnets. Nobody needed magnets until they convinced everybody 20 years ago, 'let's all do magnets.'" (Video) (xcancel.com)
submitted 3 weeks ago by SexUnderSocialism@hexbear.net to c/chapotraphouse@hexbear.net
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michael-laugh

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[–] queermunist@lemmy.ml 45 points 3 weeks ago (2 children)

Funnily enough he's actually describing a process inherent in capitalism - the creation of new markets and new demands and new needs. No one needed electricity until it was available, and then suddenly everyone needed it.

[–] purpleworm@hexbear.net 19 points 3 weeks ago

Electricity has irreplaceable uses though. Some things are virtually useless, like teeth-whitening, but (among other factors) capitalists use advertising to make it so what is otherwise looking normal is now sub-standard.

[–] into_highest_invite@lemmygrad.ml 11 points 3 weeks ago (1 children)

at least with electricity we can sustain life in a way we couldn't before. what the hell is a smartphone for

[–] jack@hexbear.net 4 points 3 weeks ago

jorkin on the go