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Cake day: June 3rd, 2024

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  • Ok, can you please give me other metrics? How many nuclear plants have been built? How much has been invested into new rail infrastructure, whether for freight or for passengers? Have there been any new tariffs on the import of electric vehicles? Any regulation against single family housing, against car dependency, or against meat consumption?

    Please, what metrics have improved, other than renewables being installed (at a much lower rate than in many countries)?





  • You’re wrong in your analysis. The system hasn’t qualitatively changed. It’s still a system with an owning class and a working class. The difference is that capital now, as you say, mostly revalorizes in the financial sector instead of in the industrial sector. But capitalism is called capitalism, not industrialism.

    Lenin already talked about this in his 1916 treatise “Imperialism: the highest form of capitalism”. He describes the process of concentration of capital that took place over the 19th and especially the beginnings of the 20th century, the consolidation of trusts and cartels, and the financialization of the economy. You’re describing nothing new, he calls this phase of capitalism “imperialism”. But it is a phase of capitalism, the social relations haven’t been changed, workers still have to sell their labor force as a commodity, goods and services are exchanged in the free market, and the owners of capital, be it financial or industrial, rake the surplus value from the workers.