Agree with most of what you wrote, but this also depends on your perspective. Neoliberal policies like Austerity, Outsourcing and globalisation is actively hurting the purchasing power of the west, destabilising it's democracies, as these contradictions continue the global economy will shift east and eventually the contradictions will become to much to bear. This is very clearly creating a new world order and is clearly freaking out western capital.
It’s hard to articulate this, but like it’s not that austerity is an irrational policy choice that keeps capitalism from working, it is the fact that capitalism doesn’t work, and has reached a stage of perpetual crisis, that makes austerity necessary from the perspective of the ruling class.
The perspective of the bourgeoisie worldwide is indefinite austerity.
Agree with most of what you wrote, but this also depends on your perspective. Neoliberal policies like Austerity, Outsourcing and globalisation is actively hurting the purchasing power of the west, destabilising it's democracies, as these contradictions continue the global economy will shift east and eventually the contradictions will become to much to bear. This is very clearly creating a new world order and is clearly freaking out western capital.
It’s hard to articulate this, but like it’s not that austerity is an irrational policy choice that keeps capitalism from working, it is the fact that capitalism doesn’t work, and has reached a stage of perpetual crisis, that makes austerity necessary from the perspective of the ruling class.
The perspective of the bourgeoisie worldwide is indefinite austerity.