Because capitalism depends on creating and profiting off of a cycle of crises, the only time a crisis endangers its existence is when this crisis is coupled with an additional factor. A factor that’s already threatening the system’s stability on a more fundamental level than the routine upsets do. The failure of Washington’s geopolitical gamble in Ukraine represents such an exceptional circumstance, a circumstance which makes this latest economic downturn capable of bringing revolution closer.
Mar 14, 2023·edited Mar 14, 2023Liked by Rainer Shea ☭
The so-called 'exspurts' - in reality a bunch of neoclassical economist drips under extreme pressure - all attempt to assure us that everything is 'okie dokie', that the largest bank collapse since the 2008 implosion of Washington Mutual and the second largest bank collapse in US history is an isolated event. Worries about a "contagion" of bank collapses is nothing more than a "panic" caused by a few overly worried venture capitalists!
But as Workers World Party's First Secretary Larry Holmes wrote in October 2022, this is no normal economic downturn. It's the development that many Marxists consider to be the biggest capitalist economic crisis in history. The capitalist crisis that is underway is unique, and it is symptomatic of a dying system entering its end-stage.
And now it is the historic role of the working class to bring capitalism, with all the destructive crises it engenders, to an end - and to replace it with socialism, a system based on human needs, not profit.
I agree with Rainier. Don't listen to the naysayers. Get your butt busy and start building a livable future - because there is NO future for you or yours in dying death cult capitalism.
A collapse of capitalism does not lead automatically to any revolution and not to the collapse of the U.S. state.
What they are doing is winding things back to thinly veiled feudalism behind semi closed borders while successfully manipulating people’s minds to barking at shadows and bogeymen.
Plus go back to what Snowden revealed: the major capitalist states (“five eyes”, “nine eyes”) are all massively armed to the teeth against external parties AND against their OWN masses, all of when are under surveillance round the clock.
So they fully understand that they are winding by back to feudalism - and what they need to do to defend that.
There will be no mass uprising by their masses, all of whom are busy rotting out their own minds in the manipulation machines called “Facebook”, “Twitter”, “TikTok”, “ Snapchat”, “Instagram etc.
The so-called 'exspurts' - in reality a bunch of neoclassical economist drips under extreme pressure - all attempt to assure us that everything is 'okie dokie', that the largest bank collapse since the 2008 implosion of Washington Mutual and the second largest bank collapse in US history is an isolated event. Worries about a "contagion" of bank collapses is nothing more than a "panic" caused by a few overly worried venture capitalists!
But as Workers World Party's First Secretary Larry Holmes wrote in October 2022, this is no normal economic downturn. It's the development that many Marxists consider to be the biggest capitalist economic crisis in history. The capitalist crisis that is underway is unique, and it is symptomatic of a dying system entering its end-stage.
And now it is the historic role of the working class to bring capitalism, with all the destructive crises it engenders, to an end - and to replace it with socialism, a system based on human needs, not profit.
I agree with Rainier. Don't listen to the naysayers. Get your butt busy and start building a livable future - because there is NO future for you or yours in dying death cult capitalism.
A collapse of capitalism does not lead automatically to any revolution and not to the collapse of the U.S. state.
What they are doing is winding things back to thinly veiled feudalism behind semi closed borders while successfully manipulating people’s minds to barking at shadows and bogeymen.
Plus go back to what Snowden revealed: the major capitalist states (“five eyes”, “nine eyes”) are all massively armed to the teeth against external parties AND against their OWN masses, all of when are under surveillance round the clock.
So they fully understand that they are winding by back to feudalism - and what they need to do to defend that.
There will be no mass uprising by their masses, all of whom are busy rotting out their own minds in the manipulation machines called “Facebook”, “Twitter”, “TikTok”, “ Snapchat”, “Instagram etc.