• Chana [none/use name]@hexbear.net
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    3 days ago

    Those are very early hints of what might develop in 20-30 years. Some of them are still hypothetical. And we haven’t seen any recognizable responses from capital, no big moves. Just following the business cycle, riding a bubble with a full blast of quantitative easing, funding explicit fascists a little more. The distribution and mechanisms of capital vs. labor will dictate the outcome and whether there can be any Balkanization. What could the West coast, say, actually do by itself? Will it create a parallel banking system? Stop paying taxes? These are much higher contradictions than feasible any time soon.

    And capital has many global levers to pull. With a modicum of discipline it could hollow out the US, it just needs alternative operation centers to keep the profit machine running, to guarantee the parents, the copyrights, the unequal exchange system of profit extraction - and whatever else it restrictively invents.

    To be clear I’m not being doomer, I just want to point out that these are very early stages of any larger events.