Yeah, the system is fundamentally unstable and every capitalist is constantly trying to find new and creative ways to game it. I think we’re reaching the point where things are starting to unravel across the board.
I think you’re right. There’s only so much gaming before there’s not enough ‘real’ to back the lies. I read a while ago that in most (perhaps all) liberal democracies government debt can never be paid back. They borrow on the premise of future workers paying taxes. But we already reached the point where future tax payers will never ever be able to pay enough taxes to cover existing debt. Cancelling all government spending seems like an obvious solution until you look at anywhere that austerity has been tried. That method only accelerates borrowing and increases deficits. Even Keynes couldn’t save capitalism now. Giant house of cards. The only thing that will save it is the privatisation of Russia or China. Hence the current state of geopolitics.
Yeah, the system is fundamentally unstable and every capitalist is constantly trying to find new and creative ways to game it. I think we’re reaching the point where things are starting to unravel across the board.
I think you’re right. There’s only so much gaming before there’s not enough ‘real’ to back the lies. I read a while ago that in most (perhaps all) liberal democracies government debt can never be paid back. They borrow on the premise of future workers paying taxes. But we already reached the point where future tax payers will never ever be able to pay enough taxes to cover existing debt. Cancelling all government spending seems like an obvious solution until you look at anywhere that austerity has been tried. That method only accelerates borrowing and increases deficits. Even Keynes couldn’t save capitalism now. Giant house of cards. The only thing that will save it is the privatisation of Russia or China. Hence the current state of geopolitics.
Basically, and this goes right back to what Lenin wrote in Imperialism, the Highest Stage of Capitalism.