GenZedong

4243 readers

151 users here now

This is a Dengist community in favor of Bashar al-Assad with no information that can lead to the arrest of Hillary Clinton, our fellow liberal and queen. This community is not ironic. We are Marxists-Leninists.

This community is for posts about Marxism and geopolitics (including shitposts to some extent). Serious posts can be posted here or in /c/GenZhou. Reactionary or ultra-leftist cringe posts belong in /c/shitreactionariessay or /c/shitultrassay respectively.

We have a Matrix homeserver and a Matrix space. See this thread for more information. If you believe the server may be down, check the status on status.elara.ws.

Rules:

No bigotry, anti-communism, pro-imperialism or ultra-leftism (anti-AES)
We support indigenous liberation as the primary contradiction in settler colonies like the US, Canada, Australia, New Zealand and Israel
If you post an archived link (excluding archive.org), include the URL of the original article as well
Unless it's an obvious shitpost, include relevant sources
For articles behind paywalls, try to include the text in the post
Mark all posts containing NSFW images as NSFW (including things like Nazi imagery)

founded 3 years ago

MODERATORS

GrainEater@lemmygrad.ml

Elara@lemmygrad.ml

ComradePupIvy@lemmygrad.ml

American_Communist22@lemmygrad.ml

Making Capitalism Great Again? A Critique of the “Rentier Takeover” Thesis (redsails.org)

submitted 10 months ago by QueerCommie@lemmygrad.ml to c/genzedong@lemmygrad.ml

53 comments fedilink hide all child comments

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?

you are viewing a single comment's thread
view the rest of the comments

[–] WayneBarloweFan@lemmygrad.ml -3 points 10 months ago (7 children)

Hudson and the rest of the https://nakedcapitalism.com/ https://wallstreetonparade.com/ Liz Warren book club are good at being finance and covid whistleblowers and reporting on JPMorgan's Epstein dealings. Ha Joon Chang & Stephanie Kelton type books are great at defusing the ideological bomb that is neoliberalism.

As far as actual solutions for what to do with their analysis, I don't think they see that as their job. I remember Hudson writing some UBI type thing ten years ago. They just whistleblow-blog.

What exactly does Roderic do? His website? His thinly veiled alts? I got him as a reply guy and honestly his gang is the worst. They couldn't even deal with me pointing out the internal superexploitation of parts of the working class in the imperial core without throwing a tantrum on alts. But they just make puppy dog eyes at you if you're over 10k. Mindless bastards

[–] QueerCommie@lemmygrad.ml 7 points 10 months ago (2 children)

He does write good essays, idk what else. Have you read Actually Existing Fascism or “Brainwashing?”

[–] WayneBarloweFan@lemmygrad.ml -1 points 10 months ago (1 children)

Brainwashing is not good lol. It's very oversimplified and what little value it does is the blatantly obvious insight that your small business owner uncle will not be persuaded by Twitter screenshots.

[–] QueerCommie@lemmygrad.ml 3 points 10 months ago

It has some interesting ideas, but it is probably overrated.

load more comments (4 replies)