- cross-posted to:
- marxism@hexbear.net
- cross-posted to:
- marxism@hexbear.net
what do y’all think of this? It makes some good points and Micheal Hudson is probably not right, but I have one criticism to make. One of his arguments that the richest people are still industrial capitalists (because they started businesses that do stuff), not finance capitalists, but as Cory Doctorow points out, those companies are basically just rentiers at this point. Amazon makes most of its money hosting other businesses on their site, “Meta” makes most of its money hosting being a middleman connecting advertisers and unpaid content creators poorly. Thus, it seems at least the emperial core has increased rentierism. This doesn’t mean it’s not built on peripheral industry and that reindustrializing the west would benefit average people, but it does seem to be good news about the decline of empire. Other thoughts?
Good takedown. I’d like to see Roderic and Mason’s reaction to your and my criticisms. Is this worth making a Twitter account over, and if so would you be fine if I shared this?
Feel free to share but I’d suggest cleaning it up a bit for coherence! It really is hot takes and I did no editing.