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I mostly agree however the American ideology and it's hunger for profit and domination is resulting in it cannibalizing itself. The trade agreements are a case
by rorykoehler 11y ago
I mostly agree however the American ideology and it's hunger for profit and domination is resulting in it cannibalizing itself. The trade agreements are a case in point as they are (from what I have read as I know their contents are still largely secret) by very definition protectionist. That said it is a very different type of protectionism to European protectionism. In Europe the protectionism was for social purposes (protecting local jobs etc) while in the US it is to give US corporations unencumbered access to the global economy (ie protecting the interests of unfettered corporatism). Looking a bit further down the road we can see that Marx was amazingly right, just way too before his time. Capitalism's ruthless march toward ever greater efficiency means it will end up undermining itself. There is no other possible outcome.
- tedks 11y agoThis is a very wrong-headed view. There are a variety of other outcomes. For example, we could develop fusion power and perfect generalized manufacturing (3d printing), and have a massive die-off where only the top 1% of wealth holders survive as they disconnect themselves from labor classes and enjoy a post-scarcity economy where they trade influence by creating and playing ever-more-indirect markets. Or they could just de facto enslave labor classes rather than letting them die off. There are plenty of outcomes other than "capitalism undermines itself." It's possible to have faith without being religious, and Marx is a great example.
- douche 11y agoThe American capitalist system is modeled on the European ideal. Before there were the Koch Bros. there was Krupp, Armstrong, Vickers, and I.G. Farben.