Like even in the best of scenarios where the left isn't destroyed but can actually summon some form of revolutionary energy against capital, what is to prevent most capital investment from leaving the country as the winds begin to turn?
Is there good theory out there on how to prevent capital flight? Are there capital controls that don't simultaneously provoke capital flight?
Expropiating the closed factories before they get gutted?
Right, but isn't that an outdated model? Most factories are in China
Yes and no, lots of manufacturing has been outsourced, but the imperial core still does have a good bit left its all either automated or high tech production.
As for financial capital, you gotta grab them big banks. As our sweet boi Lenin said the capitalists do us a favor by concentrating control in fewer and fewer banking institutions.
But how do you grab a bank, isn't a lot of :porky-happy:s money kept on Caribbean islands? And if it isn't can't it be moved there readily if a serious threat from the left begins to materialize?
Wouldn't the end game be that their money becomes worthless? That they are no longer capitalists? Their mansions become ours their funds and even the planes they flee on become collective.
Sure that's the end game. Until then we'll likely need to trade with other countries, and I'd like to seize the billions they've expropriated from my country and invested abroad so we can use that money for appropriate means. I honestly don't understand how we're supposed to not have capitalists if you let them keep all their money to continue to fuck with the world.
yeah but that takes a while
Yes but the banking institutions control the means of transferring funds around.
Doesn't that include the banking institutions on said islands?
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Which specific country are you talking about? The answer would be different for each
Not that different right? Surely most imperial core countries are similar, and most peripheral ones?
Anyhow I meant in the imperial core
No, not really. While deindustrialization since the 1980s has brought upon an impoverishment and rise of unemployment in industrial areas, but there are still many companies, workshops, even larger scale factories producing random stuff in light and heavy industry.
It's definitely a priority to prevent further dismantlement of industrial capacity, but should that happen anyway, it's still possible to have the company survive through state or cooperative management.
Argentina during the early 2000s and modern Venezuela both have had similar experiences in regards to that and can be learned from.