This essay comes with a caveat: that the process of descent into a failed state has already been very much at play. And for a long time, too. At least since the 2008 economic crash, the core of global imperialism has been transitioning into the kind of instability which its military has inflicted upon nations like Libya and Yugoslavia. And during this last year in particular, the collapse has been accelerating.
The United States government is able to impose its will on all the world’s countries. The rest of the world, even some of the strongest imperialist countries of the Global North, lie prostrate at the feet of the U.S. What is the source of this seemingly impregnable power? Which of course leads to the next question: How long can it last?
In The Foundations of Leninism, Stalin concluded that “the chain of the imperialist front must, as a rule, break where the links are weaker and, at all events, not necessarily where capitalism is more developed, where there is such and such a percentage of proletarians and such and such a percentage of peasants, and so on.” In other words, the potential for proletarian revolution is increased more by the weakening of capital in a given country than by any other aspect of the material conditions.
theAnalysis-news on Dec 23, 2020
Allied with landlords and monopolists, the finance sector is extracting economic rents from the economy that’s impoverishing US government, industry and labor says Michael Hudson discussing the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.
Whenever I hear about an instance of imperialist online censorship, or a short-term plan by a ruling class technocrat to further the erosion of free speech, I wonder: what’s the endgame of this? How far do these oligarchs plan to take their campaign to control the flow of information and suppress dissent? Because the destabilizing events the U.S. empire has undergone during the last year is small compared to what the climate’s meltdown will ultimately do to the capitalist world; as professor Jem Bendel concluded in his 2018 paper Deep Adaptation: A Map for Navigating Climate Tragedy, at this point in the deterioration of the climate we need to view “collapse as inevitable, catastrophe as probable and extinction as possible.”
with Chris Hedges
RT America on Dec 5, 2020
On the show this week, Chris Hedges talks to Fabian Scheidler about how the global economic machine came to dominate our lives, and with looming social upheavals caused by predatory capitalism, what can be done to blunt its destructive power.
In 1937, the storyteller H.P. Lovecraft wrote this about the direction that capitalism was taking:
“Capitalism is dying from internal as well as external causes, and its own leaders and beneficiaries are less and less able to kid themselves…The only avenue of survival for plutocracy is a military and emotional fascism whereby millions of persons will be withdrawn from the industrial arena and placed on a dole or in concentration camps with high sounding patriotic names. That or socialism—take your choice. In the long run it won’t be the New Deal but the mere facts of existence which will be recognized as the real and inevitable slayer of Hooverism.”
with Chris Hedges
mediasanctuary on Oct 16, 2020
Chris Hedges presents a new talk examining the cultural and social forces that have given rise to extremism in the United States. He will explore the myriad of factors that led to the proliferation of neofascist militias, extremist organizations, demagogic leaders, vast social divides defined by hate, a hyper nationalism and virulent racism as well as a mass media that has descended into burlesque and fans the flames of social disintegration.
As this year’s economic crisis has developed, the U.S.-centered corporatocracy has desperately been trying to maintain the illusion of growth, or at the least the illusion that the current contraction is sure to end and things will return to normal. But as unemployment claims in the U.S. have continued to rise, and factors like the cold war with China have thrown the NATO countries into further economic chaos, it’s become clear that the stock market has been overly optimistic about a coming recovery. Market Watch wrote last month that “The rebound will be much more gradual than the V-shaped pattern investors are betting on.”
It’s hard not to agree with American professor Richard Wolff when he says the real disease facing the world is not Covid-19 but rather the failed economics of capitalism.
Wolff’s analysis is more cogent than ever.
with Chris Hedges
act.tv on Sep 21, 2020
Julianna welcomes back Pulitzer Prize-winning journalist and best-selling author, Chris Hedges, to discuss how in his current book, America: The Farewell Tour. Hedges takes a close look at the array of pathologies that have arisen out of a profound malaise of hopelessness as the society disintegrates due to the “slow moving [corporate] Coup d’état” instituted by the ruling classes in the ’70s in reaction to the activist movements and reforms of the ’60s. And how this disintegration has resulted in an epidemic of diseases, despair, and a civil society that has ceased to function.