cross-posted from: https://lemmygrad.ml/post/6352717

  • xiaohongshu [none/use name]
    ·
    edit-2
    7 hours ago

    For once I’m going to be reductive just to make things extremely simple and easy to see.

    For a socialist revolution to take place in America, the American working class needs to be re-proletarianized.

    Americans are living in more of a neo-feudal society under finance capitalism after the collapse of the USSR than the industrial capitalism of the 19th-20th century. Their labor are tied more to debt under finance capitalism than to production under industrial capitalism, which is a condition required to transform the proletariat into a revolutionary class who has “nothing to lose but their chains”.

    As such, the American working class today is functionally more of a debt slave (their bullshit jobs have long been decoupled from production, a role that has been taken over by the Global South countries), not unlike a feudal peasant’s tie to their land.

    One of the greatest ideological breakthroughs under Mao was land reform - it destroyed the peasantry’s feudal relation to their land and thus transformed the peasantry into a revolutionary class, that ultimately paved the way for the victory of the Communist Party.

    How do you sever the relations of the American working class to their debt? There is only one answer: Wall Street must be destroyed.

    And how do you destroy Wall Street? De-dollarization.

    Only with the dollar losing its hegemonic status and denies the US empire from getting free ride from all the Global South countries, will American capital “retreat” back to their own shores for re-industrialization as they are being driven out of the Global South, and re-proletarianize the American working class along the way, ultimately leading to a socialist revolution.

    Of course, this will be accompanied by a huge plunge in living standards after the US financial capital lost its hold on the labor and resources of the Global South, the civil war that will break out as the contradictions of Capital can no longer be contained, and the possibility of a global thermonuclear war if Capital is to lose its hegemony over the rest of the world.

    In the face of falling living standards, how will your typical American workers react? Turn full Fascist and cling on to the last straws of Imperialism as it is being expropriated from the Global South, or turn toward Socialism and form solidarity with the working class all over the world to overthrow the bourgeois ruling class?

    There is only one way to prevent Barbarism: you need a left wing movement in America that actually understands and utilizes theory to gain the foresight needed to plan ahead on what will eventually befall the country being torn apart by the contradictions of capitalism. Thus, the final battle lines will be drawn along the Ideological plane. The only possible future where Socialism will have the upper hand of prevailing.

    • FunkyStuff [he/him]
      ·
      7 hours ago

      mentioning dedollarization in my answer then seeing xhs made their answer about dedollarization got me feeling like meow-petted

      • xiaohongshu [none/use name]
        ·
        edit-2
        6 hours ago

        sorry i didn’t see lol. in fact my answer was far too simplistic but i guess whatever it takes to make a point

        • FunkyStuff [he/him]
          ·
          6 hours ago

          Nooo I love your answer and it's probably the most important thing for someone with this question to hear! I just found it validating that you expanded on the topic I had mentioned (I only mentioned it briefly and didn't explain why the US dollar was a load bearing part of hegemony)