• 0 Posts
  • 14 Comments
Joined 1 year ago
cake
Cake day: June 8th, 2023

help-circle




  • When capitalism. That’s when.

    Edit: to clarify, it wasn’t much better before capitalism. But it was less all-encompassing. Feudalism was a shitty structure, worse even than capitalism tbh. But it was much easier to escape it. Not just in the “survivalist hippie camp” that still exists now. But even in everyday life. The system wasn’t shaping every facet of human existence. Only production relations (which is the big one yes). But capitalism has shaped everything around us. Our places of work, sure, but our personal lives. Our inner lives. Everything has been commodified. Mental health, religion, wellness, friendships, love and relationships, families, sickness, children etc. etc. etc… That is the main reason capitalism is worse than anything before it. No other system had the capacity to destroy the planet. None. To destroy all life in it. All in the name of profit. An immaterial, formless concept. Not even a real thing. And there’s not much we can do it seems. I mean there is, and I think it’s pretty clear. But I bet even that gets commodified soon. Bring on the politicians/capitalists death match reality game shows I guess…


  • Holy shit… bro please don’t be racist like this in public. You should keep this shit to your brain and feel deep shame for it. No one ever taught you that?

    The Chinese didn’t break any laws or “steal” anything. China had different copyright laws, and western companies agreed to share technology as part of their agreements with the CPC to operate in the SEZs. If they didn’t want China to have the tech, they could’ve just not taken the deals and go build their factories in India, or Bangladesh, or Malaysia etc.

    And what you describe as the “Chinese mentality” is just literally capitalist logic, aka, psychopathy. It’s projection. The Chinese are winning, so you assume they are the apex capitalists, the Patrick Batemans. But you couldn’t be more wrong. They are winning by finding a different game, and playing it better. The rest of the world is following their lead, and your place on the board is soon to be extinct. So you panic and turn to dumbass things like racism.



  • That’s because the Chinese experience was very peculiar. When American and European investors and industry giants went abroad to outsource manufacturing, they brought in the capital and left with the profits. But the capital, and technology or knowledge, never spread in the colonies or neo-colonies. When China “opened up”, they were real clever about it. They said: “sure, you can open your factories here where there is an abundance of cheap labor. But in exchange, we want the knowledge and technology”. And since opening up China to foreign capital has been the wet dream of capitalists and proto-capitalists for the past several hundreds of years, they accepted the deal. So China was left with the know-how to be able to set-up their own national industries. And the profits of exporting manufactured goods was used for strategic industries and infrastructure, unlike most colonial and neo-colonial experiences where the profits are just pocketed by a national bourgeoisie.




  • I really don’t understand your point. Yes, Wall Street economists are bad at predicting the future. Marxists are the clairvoyant ones, everyone who knows anything about economics knows that. Orthodox economists make models and calculations to make rich people feel better about stealing from everyone and destroying the planet. But MMT, Keynesians and Marxists understand that you can’t model the economy, calculations only go so far.

    But Wall Street and orthodox economists are usually _micro_economists. They don’t understand macroeconomics, or material reality as a whole, because they like almost all academics in function of capital are compartimentalised into their specialisations and never peek out.

    But you can’t say studying economics is useless… that’s insane. That’s like saying studying society is useless. You perhaps completely misunderstand what the economy is.


  • Bro go read a modern macroeconomics book. What are you on? You’re literally like 200 years behind the entire fucking field. Not even the most orthodox economists would agree with you.

    All I said was based on Keynesian theory and MMT. Y’know, two of the major theories, which are the most accepted around the world among economists.

    And again, I did say local taxes do fund spending. But taxes definitely, 100%, don’t fund federal spending of nations who have sovereign currencies. Sure, El Salvador can’t just print money for their budget, but the US, China, Brazil, Japan etc. all can.


  • Taxes don’t fund spending tho. Taxing billionaires should be about just taking money away from them.

    Taxes actually have two purposes, guaranteeing money circulates and is legitimate, and removing money from the economy. That’s it basically. With the caveat that local taxes do fund spending many times, like for school budgets etc.

    But all federal spending is completely decoupled from taxes. The government just “prints” the money. They actually digitally credit certain accounts with the money, but it’s the same shit.

    Like if the government passes a budget of 1 billion for infrastructure, they will literally just change some numbers in “key strategic accounts”, like big banks, government agencies, ministries etc. That money doesn’t come from anywhere, it’s literally created out of thin air.

    And if all that new money is absorbed by productive forces, there is 0 inflation. Only if the money is absorbed by unproductive forces that inflation happens. Like the money just going to rich people’s pockets, there will be inflation. Cause they will just buy more and more assets, without any new assets being created by the “new money”. And well, more demand for the same amount of goods is inflation.


  • novibe@lemmy.mltoMusic@beehaw.orgCountry music recommendations
    link
    fedilink
    English
    arrow-up
    2
    ·
    edit-2
    6 months ago

    I will always love Willie Nelson. A great human being, and amazing singer and guitar player, and one of the best country songwriters ever.

    Red Headed Stranger is just such an amazing album. I’d recommend that first. It’s a concept album, and it’s really beautiful and sad.

    I also recommend Townes Van Zandt as others have here. A really haunting singer. Waiting Around To Die is amazing. Maybe the first song about lean ever.