this post was submitted on 13 Feb 2024
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chapotraphouse
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surely this will be the crisis that finally causes capitalism to completely collapse in on itself
oh, well, nevertheless
What? "Capitalists actually benefit from crises and the immediate shock doctrines that follow them" ? Pff, absurd!
40,000 volts applied directly to my nipples. And just like that we're back on course for another record year of stock market growth.
In order to benefit, they'd have to do things like buy up the (now) undervalued assets and use the freshly lowered interest rates to their advantage, they wouldn't do that
I honestly wonder what comes after this iteration of capitalism. Are they going to find a way to reinvent it or is it going to collapse into fascism again?
Depend. Currently we are in the 4th imperialism cycle (1900/WW1, interwar/WW2, ColdWar/Destruction of USSR, EndOfHistory/???) and each of 3 previous cycles ended with huge redistribution of spoils and contentration of imperialism.
Right now we see concentration of imperialism in real time, with US cannibalising it sub-imperialist vassals in EU and UK, but there is so far no huge spoils to divide with Russia defending itself successfully and future China war perspectives not looking good for US.
So maybe finally it will crash this time.
just a few more years comrade. there will be a proletarian revolution after the great famine of 2029 - mark my words!