The whole thing makes a lot more sense when you think of it from the inside trader perspective. Every time they flop policy, people in the know make money hand over fist. The whole thing is just grift, and they don’t care what happens to the US economy. Capital has no nations, and if the US economy collapses, they’ll just move it elsewhere.
There’s plenty of that too, i’m sure. But it’s hard to deny that there are also many people there who are genuinely ideologically invested in maintaining US hegemony.
For sure, it’s a combination of factors. On the one hand, they really think they’re superior, but on the other hand they don’t see the cost of being wrong to be high for themselves personally. So, it becomes a very profitable game with low stakes in terms of negative impact for the people involved.
Exactly, not only are they largely insulated from the crisis, but they would also be in a position to benefit from it. Should a crash happen, then a lot of people will be forced to let go of their assets and that makes them available for the billionaires to vacuum up.
I think this is why they are shitting their pants so hard about BRICS and China.
Capital has no nations, and if the US economy collapses, they’ll just move it elsewhere.
Move where? India? They have their own oligarchy. They don’t need ours. EU? They already abandoned them. Africa? They are losing it and will lose it completely before they can get there. Every BRICS country is a little node of “not here” to the western Oligarchy. The more it grows, the fewer places they can run.
They had planned to move to China. The China of 50 years ago that was looking ripe for it, but they underestimated the CPC. They thought they could control it, break it, and they sat there and laughed at it. And now? They are fucked. There is no where else left for them. No where else that’s built up enough to take them in and protect them, and they no longer have the means to build up a new safe haven to run to. which is why they are going so hard at Fascism now. They know there’s few places left to run, so they are ensuring they can hold onto what they have for as long as they can here.
There are still plenty of assets they can buy up around the world. Their goal would be to move their liquidity into physical assets as the dollar devaluates. Then they’ll wait for people and companies in the US to start letting go of their assets that they can no longer afford to hold, and swoop in to scoop them up on the cheap. They don’t need to personally move to a different country. They don’t expect the whole house of cards to come crashing down here, they expect that the system will stabilize and keep chugging along after the crisis blows over.
They can buy assets but they can’t move. That’s why they are fighting so hard to hold onto Isn’treal, and why none of the really big players is actually willing to go there. They know, without the US military, it’s all over. No where else in the world can protect them. They are trapped here. They can buy up assets all they want. They can turn the US into a kingdom of feudal landlords, but they cannot just up and run. Too many of these oligarchs rely on the military power of the US and it’s nuclear arsenal to protect them from judgement of all the awful shit they are behind. They know, outside the US, there days would be numbered
Because even if they had a safe haven, and could go live like kings, without the US to suppress it, global socialism would take off, and it would catch up to them one way or another.
Right, but I’m saying they don’t need to move. What they care is that their wealth is protected. The only real threat to them is a full on societal collapse where the social contract becomes nullified. Their bet is that they can manage the crises in way that avoids the whole system from imploding on itself.
This might sound brutal but we as communists should call the bluff as well and 1. Accellerate the decline through investing accordingly and 2. Make the fascists fund us that way.
I’m all for abandoning any morals and just using bare dialectics here. People need money to survive. Might as well boost a health clinic with some capitalist techniques.
The problem is that the vast majority of people who are in a position to invest aren’t communists. A large part of the reason why the collapse is happening is because people who are well off are relatively insulated from the problems vast majority of the population is experiencing.
Fully agree. That I would address through opening neighborhood meets in low income areas and provide help for things that usually cost money such as using a smartphone or computer, food sharing, donation drives of old clothes and so on. I’m currently running such a place. Its visited well imo. That way people get help and I can write about this issue and make it public.
They must really be desperate to try and bluff China like this. It was clear from the start that China would call their bluff.
The whole thing makes a lot more sense when you think of it from the inside trader perspective. Every time they flop policy, people in the know make money hand over fist. The whole thing is just grift, and they don’t care what happens to the US economy. Capital has no nations, and if the US economy collapses, they’ll just move it elsewhere.
There’s plenty of that too, i’m sure. But it’s hard to deny that there are also many people there who are genuinely ideologically invested in maintaining US hegemony.
For sure, it’s a combination of factors. On the one hand, they really think they’re superior, but on the other hand they don’t see the cost of being wrong to be high for themselves personally. So, it becomes a very profitable game with low stakes in terms of negative impact for the people involved.
Why would it be high stakes for themselves personally, I’m sure real assets are secured abroad.
Exactly, not only are they largely insulated from the crisis, but they would also be in a position to benefit from it. Should a crash happen, then a lot of people will be forced to let go of their assets and that makes them available for the billionaires to vacuum up.
I think this is why they are shitting their pants so hard about BRICS and China.
Move where? India? They have their own oligarchy. They don’t need ours. EU? They already abandoned them. Africa? They are losing it and will lose it completely before they can get there. Every BRICS country is a little node of “not here” to the western Oligarchy. The more it grows, the fewer places they can run.
They had planned to move to China. The China of 50 years ago that was looking ripe for it, but they underestimated the CPC. They thought they could control it, break it, and they sat there and laughed at it. And now? They are fucked. There is no where else left for them. No where else that’s built up enough to take them in and protect them, and they no longer have the means to build up a new safe haven to run to. which is why they are going so hard at Fascism now. They know there’s few places left to run, so they are ensuring they can hold onto what they have for as long as they can here.
There are still plenty of assets they can buy up around the world. Their goal would be to move their liquidity into physical assets as the dollar devaluates. Then they’ll wait for people and companies in the US to start letting go of their assets that they can no longer afford to hold, and swoop in to scoop them up on the cheap. They don’t need to personally move to a different country. They don’t expect the whole house of cards to come crashing down here, they expect that the system will stabilize and keep chugging along after the crisis blows over.
They can buy assets but they can’t move. That’s why they are fighting so hard to hold onto Isn’treal, and why none of the really big players is actually willing to go there. They know, without the US military, it’s all over. No where else in the world can protect them. They are trapped here. They can buy up assets all they want. They can turn the US into a kingdom of feudal landlords, but they cannot just up and run. Too many of these oligarchs rely on the military power of the US and it’s nuclear arsenal to protect them from judgement of all the awful shit they are behind. They know, outside the US, there days would be numbered Because even if they had a safe haven, and could go live like kings, without the US to suppress it, global socialism would take off, and it would catch up to them one way or another.
Right, but I’m saying they don’t need to move. What they care is that their wealth is protected. The only real threat to them is a full on societal collapse where the social contract becomes nullified. Their bet is that they can manage the crises in way that avoids the whole system from imploding on itself.
This might sound brutal but we as communists should call the bluff as well and 1. Accellerate the decline through investing accordingly and 2. Make the fascists fund us that way.
I’m all for abandoning any morals and just using bare dialectics here. People need money to survive. Might as well boost a health clinic with some capitalist techniques.
The problem is that the vast majority of people who are in a position to invest aren’t communists. A large part of the reason why the collapse is happening is because people who are well off are relatively insulated from the problems vast majority of the population is experiencing.
Fully agree. That I would address through opening neighborhood meets in low income areas and provide help for things that usually cost money such as using a smartphone or computer, food sharing, donation drives of old clothes and so on. I’m currently running such a place. Its visited well imo. That way people get help and I can write about this issue and make it public.
Yeah, I think community swaps and mutual aid is a really good thing to focus on.