Welcome again to everybody! Make yourself at home <3 In the time honoured tradition of our group, here is our weekly discussion thread!
We are excited to announce a new discord server for Trans Communists. Check it out! https://discord.gg/WqcjV2sZ
Also check out our telegram https://t.me/real_genzedong!
uwu
Honestly, I think that gas prices alone could bankrupt millions of Americans who were kind of near the edge, and that’s not even including the macrosocietal fallout from such a price, or it’s effects on other industries, or other economic woes. And that’s not even considering the preexisting contradictions of American capitalism and how they’ve intensified in the past few decades. So, kinda fucked?
Well if you’ll excuse the egotism, I am more worried on the effects it will have outside the USA. The OG Great Depression did fuck over quite a lot of USians, don’t get me wrong, but the country recovered. At the same time, the effects of the crash were felt in many other countries, and arguably created the necessary conditions for the Nazi takeover of Weimar Republic.
Well, its actually interesting to consider the international effect. Given that the external pain caused by OG Great Depression happened in an era where America was one of the only major economic powers, and the international economy is becoming increasingly multipolar, the pain for most other countries shouldn’t be that bad. You’ll see most countries in the global south shift permanently to the Chinese bloc, as well as many countries in the global north. Unless your country has some specific superstructural condition (ie you live in an American puppet state), you’ll probably be (relatively) fine. TLDR the American workers are getting the shortest end of the stick here, and this year might drive the final nail into the coffin of American economic power abroad.
I hope you’re not underestimating the unipolarity of the world. I don’t live in the Imperial core (Russia), but my country has plenty of compradors with monetary interests in the West (i.e. central Europe). If those regions will be affected, I expect the capitalists to try and compensate the profits by extracting them domestically.
The capitalists will be capitalists, but ultimately, the rest of the world probably won’t feel the full brunt of the American economic collapse.
Here’s hoping you are right!