We are seeing the capitalist West’s descent into fascism. The direct proof of the 1930’s maxim, “fascism is capitalism in decay” between the AFD, Orban, Erdogan, Starmer being basically indistinguishable from a Tory, Macron pulling a Hindenburg by using the presidential power to appoint a prime minister that will unify the center-right liberals with the far-right to prevent the left from having any power in government, and Meloni being an acceptable, reasonable western leader because she follows through with whatever US foreign policy is on offer. We are seeing a direct breakdown because of the tendency of the rate of profit to fall (law of diminishing returns, applied to profit, if you are a child that believes in neoclassical economics). So profit has to be sought out by purely national protectionism and reshoring since there is not a growing pie, but you just have to claim a greater slice of the pie. Capitalism on any sufficient timescale is Fascism, the destruction of WW2 and the Marshall Plan reset this “diminishing return on profitability” so that we are reaching the same state of the 1920s. But since there isn’t a strong socialist movement we have to modify Gramsci’s assessment. “The old world is dying, a new one is completely stillborn, now and forever is the time of monsters”
Is-ought fallacy? Understand me correctly, I like the EU system, but to pretend that it’s the end of history and that we’ve reached perfection in this space is wrong.
This is a sane take. This is the only form of economy that actually works well.
No, Imperialism doesn’t actually work well and is failing, meanwhile Socialism is still working and on the rise, such as in the PRC.
We are seeing the capitalist West’s descent into fascism. The direct proof of the 1930’s maxim, “fascism is capitalism in decay” between the AFD, Orban, Erdogan, Starmer being basically indistinguishable from a Tory, Macron pulling a Hindenburg by using the presidential power to appoint a prime minister that will unify the center-right liberals with the far-right to prevent the left from having any power in government, and Meloni being an acceptable, reasonable western leader because she follows through with whatever US foreign policy is on offer. We are seeing a direct breakdown because of the tendency of the rate of profit to fall (law of diminishing returns, applied to profit, if you are a child that believes in neoclassical economics). So profit has to be sought out by purely national protectionism and reshoring since there is not a growing pie, but you just have to claim a greater slice of the pie. Capitalism on any sufficient timescale is Fascism, the destruction of WW2 and the Marshall Plan reset this “diminishing return on profitability” so that we are reaching the same state of the 1920s. But since there isn’t a strong socialist movement we have to modify Gramsci’s assessment. “The old world is dying, a new one is completely stillborn, now and forever is the time of monsters”
Is-ought fallacy? Understand me correctly, I like the EU system, but to pretend that it’s the end of history and that we’ve reached perfection in this space is wrong.
sarcastic french laugh
Unless the population pyramid is destroyed, but that won’t happen right?