what do y'all think of this? It makes some good points and Micheal Hudson is probably not right, but I have one criticism to make. One of his arguments that the richest people are still industrial capitalists (because they started businesses that do stuff), not finance capitalists, but as Cory Doctorow points out, those companies are basically just rentiers at this point. Amazon makes most of its money hosting other businesses on their site, "Meta" makes most of its money hosting being a middleman connecting advertisers and unpaid content creators poorly. Thus, it seems at least the emperial core has increased rentierism. This doesn't mean it's not built on peripheral industry and that reindustrializing the west would benefit average people, but it does seem to be good news about the decline of empire. Other thoughts?

    • WayneBarloweFan@lemmygrad.ml
      ·
      1 year ago

      Yet apart from Twitter and RedSails what work does he actually do? The whole Twitter circle of Roderic & various art-themed avatars reminds me of Politsturm. The self-appointed politburo in exile of getting mad online. No real political work. Only bickering!

      Just being able to see through the Jamestown Foundation on Xinjiang doesn't give one a license to sneer at everyone who knows more about dependency theory lol