The social contract is that you can extract as much surplus as you want, but you can't dig into the necessary value pool for profit because that puts us back into slave state production relations.
Fun fact: according to capitalist GNI NNI figures and capitalist employment statistics, every American worker generates $100,000/year in value (on average). Calculated with GNI NNI so that means if we did redistributive policies right now, we could keep all current production going and also pay every current worker $50/hr.
Yeah the amount they skim off the top is unreal. Absolutely unbelievable how much they take and they still balk at the most modest of requests. Goddamned vampires.
A good portion of that is surplus expropriated from the global south, but ots kinda wild that even at $100k/year you're still not really totally comfortable (that's 2 people working median wage jobs). The shift to surplus production is so severe that the global north is even struggling to maintain the extravagant lifestyles of the bourgeoisie.
This paper makes the case that, roughly speaking, for every single dollar in "aid" to the global south the global north reaps 35 dollars back. This shit has to hit a breaking point eventually.
It's hitting it now. The global shouth is waking up as it rapidly proletarianizes and China is the only one helping them to build out productive infrastructure. The "north" is a rounding error in terms of productive labor potential and will be absolutely wiped out in a matter of years as Africa and India continue down the path of liberation and join with China. The era of Western European hegemony is over.
God willing. And if there is a history it will be remembered that the only way they accomplished that hegemony was by standing on the necks of the global south to prevent them from achieving their own potential. To quote Parenti: "You don't go to poor countries to make money"
I revel in the fact that the history to come will mostly ingore everything that the capitalist order has wrought. There will be an addendum about the dark ages that most schoolchildren will ignore and this era of development will be wholly ignored.
The social contract is that you can extract as much surplus as you want, but you can't dig into the necessary value pool for profit because that puts us back into slave state production relations.
Fun fact: according to capitalist
GNINNI figures and capitalist employment statistics, every American worker generates $100,000/year in value (on average). Calculated withGNINNI so that means if we did redistributive policies right now, we could keep all current production going and also pay every current worker $50/hr.Yeah the amount they skim off the top is unreal. Absolutely unbelievable how much they take and they still balk at the most modest of requests. Goddamned vampires.
A good portion of that is surplus expropriated from the global south, but ots kinda wild that even at $100k/year you're still not really totally comfortable (that's 2 people working median wage jobs). The shift to surplus production is so severe that the global north is even struggling to maintain the extravagant lifestyles of the bourgeoisie.
https://www.sciencedirect.com/science/article/pii/S095937802200005X
This paper makes the case that, roughly speaking, for every single dollar in "aid" to the global south the global north reaps 35 dollars back. This shit has to hit a breaking point eventually.
It's hitting it now. The global shouth is waking up as it rapidly proletarianizes and China is the only one helping them to build out productive infrastructure. The "north" is a rounding error in terms of productive labor potential and will be absolutely wiped out in a matter of years as Africa and India continue down the path of liberation and join with China. The era of Western European hegemony is over.
God willing. And if there is a history it will be remembered that the only way they accomplished that hegemony was by standing on the necks of the global south to prevent them from achieving their own potential. To quote Parenti: "You don't go to poor countries to make money"
I revel in the fact that the history to come will mostly ingore everything that the capitalist order has wrought. There will be an addendum about the dark ages that most schoolchildren will ignore and this era of development will be wholly ignored.