https://www.businessinsider.com/recession-outlook-financial-crisis-economy-federal-reserve-yield-curve-rosenberg-2024-2

  • SkingradGuard [he/him, comrade/them]
    hexbear
    20
    4 months ago

    I honestly wonder what comes after this iteration of capitalism. Are they going to find a way to reinvent it or is it going to collapse into fascism again? sadness-abysmal

    • @PolandIsAStateOfMind@lemmygrad.ml
      hexbear
      22
      edit-2
      4 months ago

      Depend. Currently we are in the 4th imperialism cycle (1900/WW1, interwar/WW2, ColdWar/Destruction of USSR, EndOfHistory/???) and each of 3 previous cycles ended with huge redistribution of spoils and contentration of imperialism.
      Right now we see concentration of imperialism in real time, with US cannibalising it sub-imperialist vassals in EU and UK, but there is so far no huge spoils to divide with Russia defending itself successfully and future China war perspectives not looking good for US.
      So maybe finally it will crash this time.