That's not a clickbait headline...that's a subheadline that expands on the primary headline with details. "Developing nation status" literally means "to have the economic and political structure of a developing nation".
Which the US now does. The President* is calling for the "animals" to be caged, says we would more efficiently solve our problems by lining up with "machine guns" on the border to shoot them, considers it a geopolitical advantage to pollute with coal since climate change is a hoax perpetuated by "the Chinese", etc. That's the political structure of a developing nation.
And the shrinking middle class with no ability to sustain a minor financial emergency? With predatory healthcare systems and a penal system that is financially incentivized to create criminals and increase recidivism?
With more concern for corporate quarterly profits over the long-term sustainability of building an economy with _correctly priced externalities_ like pollution, poisoning citizens with lead drinking water, etc?
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[ 3.3 ms ] story [ 17.5 ms ] thread> America is regressing to have the economic and political structure of a developing nation, an MIT economist has warned.
Which the US now does. The President* is calling for the "animals" to be caged, says we would more efficiently solve our problems by lining up with "machine guns" on the border to shoot them, considers it a geopolitical advantage to pollute with coal since climate change is a hoax perpetuated by "the Chinese", etc. That's the political structure of a developing nation.
And the shrinking middle class with no ability to sustain a minor financial emergency? With predatory healthcare systems and a penal system that is financially incentivized to create criminals and increase recidivism?
With more concern for corporate quarterly profits over the long-term sustainability of building an economy with _correctly priced externalities_ like pollution, poisoning citizens with lead drinking water, etc?
That's a developing nation.