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this post was submitted on 21 Oct 2023
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wow guys we'd better go to war with the wrold's manufacturing base that is 6500 miles away over an island 50 miles off its coast. This is going to go really well for us I can feel it.
The time for regret is now. 20 years ago the US might have been able to defeat China but we certainly couldn't manage it now. Neoliberalism has hollowed out the Military-Industrial Complex to the extent that the US just couldn't sustain a major war, especially a naval one.
extremely critical support for Reagan and Ayn Rand for their tireless efforts to cripple American industrial capacity
Capitalism in the US had to evolve into the neoliberal finance capital outsourcing capitalism by the 80s. The by the 70s the economic growth from rebuilding industrial capacity globally was spent. Capitalism in the US was experiencing a massive profitability crisis, and finance capital and outsourcing (what I think of as the two pillars of neoliberalism) was how that contradiction was resolved.
But now neoliberal has squeezed as much juice out of the orange as it can. What happens next is up for grabs…