Tag: Karl Marx

Anti-Asian hate is a symptom of intensifying capitalist reaction

Tina Marie (Ms. Cat)

Capital can be resilient. Far more resilient than many revolutionaries have anticipated. Marx predicted that communist revolutions would initially come in the countries where the productive forces are most developed. But save for the eastern part of Germany at the cost of a catastrophic war, none of the core imperialist countries have so far undergone such revolutions. In these places, capital has held on in the face of multiple world wars, depressions, and pandemics, allowing them to continue holding back revolutions in most other places through imperialist meddling.

Anti-Asian hate is a symptom of intensifying capitalist reaction

Black Box East: The role of “the East” in the West’s radical imagination

Tina Marie (Ms. Cat)

Black Box East: The role of “the East” in the West’s radical imagination

Now, the third itinerary is one of romanticism. When the cultural revolution took place in China, European Marxists who felt that the Soviet Union was too boring or gray began to fantasize. You get all these books exaggerating what’s happening in China based on a very little understanding. There is a story from the late 1960s that Ho Chi Minh met an Italian Communist Party delegation. They’re sitting in his secret house, a very modest place; he’s sitting there, characteristically, with a cigarette in his hand and the Italians ask him how they can help Vietnam, a very honest and sincere question as there are American planes above bombing the crap out of Vietnam. But Ho Chi Minh doesn’t say: send us this or that; he says “go home and make a revolution.” He’s saying: sure, we need solidarity, we need tons of it, but we don’t need romanticism. We are making our revolution. We are going to die and sacrifice and yes, we need you out there fighting against the lies that they tell about us. But go home make your revolution. What’s the point of fantasizing about Cuba? Cuba of course needs solidarity today more than ever. Venezuela needs solidarity today more than ever. But go home and make your revolution.

China’s Fortune Cookie Crumbles : Michael Hudson and Renegade Inc.

Tina Marie (Ms. Cat)

YouTube: China’s Fortune Cookie Crumbles : Michael Hudson and Renegade Inc.

Transcript & Final Notes

America doesn’t build infrastructure these days unless it’s monopolised. This is the political fight going on in the United States now. President Biden has a infrastructure plan that he’s scaled down from six and a half trillion to three and a half trillion. And essentially the bulk of the Democratic and Republican Party said if we can’t privatise infrastructure and make it a rent-extracting monopoly, we’re not going to do it, and we’re going to block the government from doing it. So in the United States, they’re going to have high priced infrastructure, high-priced health care and high-priced education while China is going to have low-priced transportation, low-cost infrastructure, free education, public health care. And you’re going to have a very high-cost United States unable to compete with the rest of the world. All it can do is make military threats or financial threats. If it tries to impose sanctions as it’s imposed on Russia, China and other countries, these are going to serve as protective tariffs for foreign countries.

Why capitalism now needs ‘lockdowns’ (social enclosure/segregation) and ‘medical’ tyranny

Tina Marie (Ms. Cat)

Because capitalism is working towards its own abolition by replacing commodity-producing labour with automated machines, capital’s profitability is increasingly dependent on low wages, high unemployment, public debt, state purchases, the centralisation of wealth, and — frankly — depopulation.

Why capitalism now needs ‘lockdowns’ (social enclosure/segregation) and ‘medical’ tyranny

Inflation and financial risk

Tina Marie (Ms. Cat)

Is inflation coming back in the major capitalist economies? As the US economy (in particular) and other major economies begin to rebound from the COVID slump of 2020, the talk among mainstream economists is whether inflation in the prices for goods and services in those economies is going to accelerate to the point where central banks have to tighten monetary policy (ie stop injecting credit into the banking system and raise interest rates). And if that were to happen, would it cause a collapse in the stock and bond markets and bankruptcies for many weaker companies as the cost of servicing corporate debt rises?

Inflation and financial risk