Tyranny & Tantrums: A Rant on America’s Collapse

America is to going to hell in a hand basket, and the cracks in its foundation are glaring. As Linkin Park’s Burn It Down echoes, “We’re building it up to break it back down,” the cycle of destruction and collapse feels all too familiar. Institutions meant to uphold democracy are being dismantled, only to be rebuilt on even shakier ground. Power is concentrated in the hands of a few, while the vulnerable are left to fend for themselves. Like the song’s imagery of betrayal and downfall, the current political landscape mirrors a system that prioritizes control and greed over people. The flames of collapse are fanned, and the question remains—what will rise from the ashes?

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A Permanent Arms Economy

The background to the article reprinted here is the “long boom” of western capitalism during the 1950s and 1960s. It first appeared in International Socialism journal in Spring 1967. On the surface it appeared that the capitalist system had stabilised itself, had broken out of the boom-slump cycle and was now able to offer the workers of Western Europe and North America a steady increase in living standards.

This was a frustrating world for Marxists, who found themselves subject to two temptations. One was to surrender to the claims poured out by the system’s apologists that capitalism had solved its problems and that the path of gradual reform offered a sure road to socialism. The other was to deny the obvious signs of stability and prosperity and assert that capitalism was on the verge of imminent, catastrophic collapse. If these temptations were to be avoided, and Marx’s analysis of capitalism’s contradictions was to hold, then the long boom must be explained.

A Permanent Arms Economy