Story Idea: A bunch of Lolberts teleported into a alternate reality where the “Free Market” remained during the Great Depression. That’ll show those commies.

  • invalidusernamelol [he/him]
    ·
    3 years ago

    People seem to forget that as commercial capital developed and new colonial markets were opened, Britain didn't become some like Rayndian utopia of industrial development. They turned all the subsistence farmers and peasants into proles. Manchester's life expectancy was like 37 for proles and the under 15 death rate was close to 30%.

    Industrial capital cannot function without child labor, right now that labor is just done overseas because the development of transportation infrastructure has allowed for rapid turnover of commodities no matter where they're built (and it's safer to exploit intentionally de industrialized and devastated countries because the contradictions are not as hightened).

    The collapse of the USSR saved capitalism from a collapse not unlike the one FDR saved it from. There were no new markets to exploit and Eastern Europe was essentially purposefully de industrialized to create a new market and serve as a reserve labor army against the westerners. As that process begins to equalize, and no new markets open up/China closes down existing markets (see Africa), western capitalism will be in for another crisis. One that will probably see an attempt (in the core) to convert a lot of service workers and commercial workers into productive workers.