It seems that the French people cannot find a way out now. Neither can the US. Capitalism seems to have reached a critical point, and although it will not disappear quickly, the future path is uncertain.
“The current economic strength of France is based on the historical foundation of more than 500 years of Western colonial expansion, as well as the achievements of hardwork by one or two generations after the end of the WWII.
Today, France still controls the currency of 14 former West African colonies, with the franc being their legal currency, and these countries must deposit 50 percent of their foreign exchange reserves at the French Public Treasury. This is one of the reasons why the French still enjoy almost the most generous social welfare system in the world, including pensions.“
I’m not sure this had ever occurred to me about France as starkly as this suggests.
We know that we as Americans live way too comfortably from the spoils of the very long arm of our own relentless imperialism. Though most dupes just think it’s American Exceptionalism.
Really hoping this transits into something potent enough to bring down this IMF-controlled crony capitalist government - and the dominoes just start falling everywhere. But I’ve fervently thought this a few times since Occupy, only to be bitterly disappointed.
Keeping my eye on it. Dare I be helplessly naive again once more to think the high level of intensity in these broadly supported protests and strikes will actually be different this time…
It seems like the evidence and the conclusion don't align
Like, I agree with the conclusion that capitalism isn't sustainable, but the evidence they've presented leads better to a re-inplementation of the Solidarity Wealth Tax
Capitalism: continues to prove itself as the most totalizing and adaptable economic form known to man, has inbuilt crises that it cyclically experiences and re-emerges from
Leftists: this time for sure baby :sicko-blur:
It really looks like what does capitalism in is going to be global warming, but like, not in the good way
Transitionary periods rarely rock. But also reading up on the transition from antiquity slave empires to feudalism has made me understand that Rome didn’t collapse into warring feudal kingdoms, it collapsed into a shittier empire, that collapsed into a shittier empire, that collapsed into a shittier empire, that faded into the feudal order. Capitalism’s death could start in 2050 and finish by 2240
We have been in a transition since the great depression pretty much everything after that has been free-market cope, virtually every country after has had to use various forms socialization including neoliberal poster children like the usa or the uk. The only thing holding this era back is the western world and it insistence in larping that capalitism exists by selectively punishing their working classes with cruel austerity and mulching any developments in former 3rd world nations.
Zombie capitlism with a neoliberal lich phylactory called imperialism. How much longer we stretch on is dependent on how much longer the us can hold together. These days it not looking so hot
Ngl, I think capitalism has been in decay since decolonization. The question is if we'll kill it before it kills us.
'Capitalism', as it was theorized by Marx and heralded by 'free-market' economists was dead prior to WWII. We have been experiencing it's death throes since then, with only large actual growth periods brought on by government intervention, or occasional technological development of which any benifits eventually gets cannibalized by marketing and advertising (which is the same thing that happened to the original system). This is the stagnantsystem, it just doesn't feel like it because we have yet to see what retirement buys us as opposed to what it bought the boomers.
It feels better because we just keep shifting where capital is, from main street to the mall back to main street, but it can't be in both places at the same time because it ultimately has to be wrapped up in itself (finance), which means that most capital is reflective of nothing and produces nothing. The interesting thing about capitalism though, is that though it is 'adaptive' it ultimately is a catalyst to any system, ripping it apart at lighting speed in comparison to anything else, so it could be dead within the century. Certainly Western style neo-liberal finance capitalism will. Chinese capitalism or socialism with Chinese characteristics, is likely a model for how things might look, if we are lucky. If we are unlucky it will be everything bad about that system with none of the benifits.
