Stalin
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- Apr 4, 2008
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The final stages of capitalism, Karl Marx wrote, will be marked by developments that are intimately familiar. Unable to expand and generate profits at past levels, the capitalist system will begin to consume the structures that sustain it. It will prey upon, in the name of austerity and government efficiency, the working class and the poor, driving them ever deeper into debt and poverty and diminishing the capacity of the state to serve the needs of ordinary citizens.
It will, as it has, increasingly relocate jobs, including both manufacturing and professional positions, to countries with cheap pools of laborers. Industries will mechanize their workplaces. This will trigger an economic assault on not only the working class but the middle class — the bulwark of a capitalist system — that will, at first, be disguised by the imposition of massive personal debt as incomes decline or remain stagnant.
Politics in the late stages of capitalism will become subordinate to economics, leading to political parties hollowed out of any real political content and abjectly subservient to the dictates of corporations and oligarchs. But as Marx warned, there is a limit to an economy built on scaffolding of debt expansion. There comes a moment, Marx warned, when there would be no new markets available and no new pools of people who could take on more debt. Capitalism would then turn on the so-called free market, along with the values and traditions it claims to defend.
It would in its final stages pillage the systems and structures that made capitalism possible. It would resort, as it caused widespread suffering, to harsher forms of repression. It would attempt in a frantic last stand to maintain its profits by looting and pillaging state institutions, contradicting its stated nature. The final stages of capitalism, as Marx grasped, is not capitalism at all. Corporations gobble down government expenditures, in essence taxpayer money, like pigs at a trough. Then the system crashes.
consortiumnews.com
comrade stalin
moscow
It will, as it has, increasingly relocate jobs, including both manufacturing and professional positions, to countries with cheap pools of laborers. Industries will mechanize their workplaces. This will trigger an economic assault on not only the working class but the middle class — the bulwark of a capitalist system — that will, at first, be disguised by the imposition of massive personal debt as incomes decline or remain stagnant.
Politics in the late stages of capitalism will become subordinate to economics, leading to political parties hollowed out of any real political content and abjectly subservient to the dictates of corporations and oligarchs. But as Marx warned, there is a limit to an economy built on scaffolding of debt expansion. There comes a moment, Marx warned, when there would be no new markets available and no new pools of people who could take on more debt. Capitalism would then turn on the so-called free market, along with the values and traditions it claims to defend.
It would in its final stages pillage the systems and structures that made capitalism possible. It would resort, as it caused widespread suffering, to harsher forms of repression. It would attempt in a frantic last stand to maintain its profits by looting and pillaging state institutions, contradicting its stated nature. The final stages of capitalism, as Marx grasped, is not capitalism at all. Corporations gobble down government expenditures, in essence taxpayer money, like pigs at a trough. Then the system crashes.
The Chris Hedges Report: Economics of a Dying Empire
Events will become increasingly difficult to predict as late-stage capitalism sees the oligarchy consume even the structures that had supported it. By Chris Hedges ScheerPost This interview is also available on podcast platforms and Rumble. “These are levels of craziness that are part of the
consortiumnews.com
comrade stalin
moscow
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