- The right ultimately collaborate around the brutalising force of capital
- The left could “infight” within a vanguard party and show a united front to the outside guided by the mass line with a scientific approach (ie ML). Enlightened infighting is good for both development of theory and praxis. A false unity is undialectic and idealistic.
Thanks, as always, for sharing!
My lucky guess:
https://lemmygrad.ml/post/5964280/5298806
I’m guessing that huge dollar reserve will help give countries buying Chinese USD bonds the confidence they will get paid, and I suspect they may even be happy if that payment in USD comes ultimately in the form of chinese goods, services and even yuan.
I also found bidetmarxman’s thread with indi.ca’s original essay, along with links to above AB and KT’s inputs quite useful:
https://twitter.com/bidetmarxman/status/1859161610390212736
Understanding Capital has allowed the socialists to beat the capitalists at their own game.
It would be interesting to see how Musk’s attempt (well his idea is not particularly original but let’s call it “Musk’s plan” for now) to reduce the US debt will square with potential threat to US treasury bond system of maintaining US global hegemony.
Norton highlights some of the contradictions of Trump’s objectives (again Trump didn’t really come up with any of them but again for sake of brevity I will leave it at that):
https://www.youtube.com/watch?v=EJQKIwe2BYo
Edits: clarity/context