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this post was submitted on 09 Aug 2024
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well that's the thing. the blockade isn't "supposed" to happen. the state is supposed to crush all resistance and barriers to capital formations. the state uses public resources, while the profits are extracted and privatized.
it is a fragile system because capital cuts all its internal costs (labor, material) to the bone, operating under the logic that the empire and it's victims will pay the true externalized costs leaving as much of the value as possible for them to extract.
I think the historical model of the Dutch West India Company / Westindische Compagnie (DIC/GWC) is the most instructive about how stupid capitalists are, in that all these merchant capitalists were getting loaded with their mercenaries and PMC bases, slavers, colonies, and brutal plantations making money hand over fist. just running wild. but sometimes there would be losses greater than the gains and the merchants would just decide not to pay their debts, the state would not step in to float it or back up its posessions, and the company would evaporate. a mistake the British and it's later franchise, America would not make.
It honestly baffles me that the capitalists as a whole aren’t even good at capitalism or imperialism. They’re incredibly stupid, petulant babies who care more about doing evil and not having to share than they even care about actually making money.
They don't need to be good at it, they have all the money, they hold nearly all the cards, and are used to being coddled
95% of the time, they're able to just brute force any problem away
capitalists don't want a lot of money, they want all of the money
They want the inequality more than the wealth. There are things that secure, healthy, educated, organized workers won't do for any price. The leverage to coerce is the real wealth to them.
I mean yeah, originally bourgeoisie only taken over when aristocracy was so rotted they couldn't even find their own jaw without a map, and even then it was basically all done by proletarian hands who had literally force burgies to take the power.
the UK had this problem with its east india company too, but that's why they eventually took over its lands and started managing it for themselves. if they were gonna have pay to put down the rebellions that periodically broke out cos the EIC was squeezing india dry, they might as well just take over.