☆ Yσɠƚԋσʂ ☆

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Joined 4 years ago
Cake day: January 18th, 2020
  • ☆ Yσɠƚԋσʂ ☆@lemmy.mltoWorld News@lemmy.ml•China to see biggest millionaire exodus in 2024 as many head to U.S.
    8·
    6 hours ago

    Money is just a social contract though. What they can’t take with them are the means of production. Stuff like factories that they used to own will stay in China. What people in the west don’t seem to understand is that the economy is fundamentally about allocation of labor and resources towards meeting the needs of the people. Money of itself has no inherent meaning, that’s why the government can just issue as much currency as it needs.

    Many of the billionaires are complicit with members of the party, obviously, sharing the money with those in power in order to do what they please.

    If that was the case in practice then they wouldn’t be fleeing China to go to places like US where they can do as they please.

  • ☆ Yσɠƚԋσʂ ☆@lemmy.mltoWorld News@lemmy.ml•Far-right wins first round in France election, run-off horsetrading begins
    32·
    23 hours ago

    Nazi Germany is an example of what capitalism turns into when it’s in a crisis. What we’re experiencing in US and Canada right now is late stage capitalism that’s making things unlivable for large swaths of the population.

    Meanwhile, systematic destruction of socialist movements over the Cold War created a situation where the right is the only option for people who become disillusioned in the mainstream politics. This is also by design because fascism does not fundamentally threaten capitalist interests.

    There are indeed some very uncomfortable parallels with the rise of nazism and fascism in Europe before WW2. It’s also worth noting that right wing extremism gets a lot of support from the rich normalizing their views. People like Murdoch and Koch brothers spent billions promoting right wing views in the media, and we have right wing groups quietly doing the same thing here with Postmedia. Even Toronto Star was recently acquired by a right wing group.

    It’s also dangerous to think that such right wing movement can be stopped simply by voting. German nazis never won more than 37% of the vote while there were still democratic elections in place. Once these people get in power the mask comes off. Republicans were seriously considering similar tactics during last elections, and I’m sure we’ll see that happen again going forward.

    First chapter in this discusses the rise of fascists in Italy and nazis in Germany, and it’s hard not to draw parallels with what we’re seeing currently happen in US and Canada:

    After World War I, Italy had settled into a pattern of parliamen­tary democracy. The low pay scales were improving, and the trains were already running on time. But the capitalist economy was in a postwar recession. Investments stagnated, heavy industry operated far below capacity, and corporate profits and agribusiness exports were declining.

    To maintain profit levels, the large landowners and industrialists would have to slash wages and raise prices. The state in turn would have to provide them with massive subsidies and tax exemptions. To finance this corporate welfarism, the populace would have to be taxed more heavily, and social services and welfare expenditures would have to be drastically cut - measures that might sound familiar to us today. But the government was not completely free to pursue this course. By 1921 , many Italian workers and peasants were unionized and had their own political organizations. With demonstrations, strikes, boy­cotts, factory takeovers, and the forceable occupation of farmlands, they had won the right to organize, along with concessions in wages and work conditions.

    To impose a full measure of austerity upon workers and peasants, the ruling economic interests would have to abolish the democratic rights that helped the masses defend their modest living standards. The solution was to smash their unions, political organizations, and civil liberties. Industrialists and big landowners wanted someone at the helm who could break the power of organized workers and farm laborers and impose a stern order on the masses. For this task Benito Mussolini, armed with his gangs of Blackshirts, seemed the likely candidate.

    In 1922, the Federazione Industriale, composed of the leaders of industry, along with representatives from the banking and agribusi­ness associations, met with Mussolini to plan the “March on Rome,” contributing 20 million lire to the undertaking. With the additional backing of Italy’s top military officers and police chiefs, the fascist “revolution”- really a coup d’etat - took place.

    In Germany, a similar pattern of complicity between fascists and capitalists emerged. German workers and farm laborers had won the right to unionize, the eight-hour day, and unemployment insurance. But to revive profit levels, heavy industry and big finance wanted wage cuts for their workers and massive state subsidies and tax cuts for themselves.

    During the 1920s, the Nazi Sturmabteilung or SA, the brown­ shirted storm troopers, subsidized by business, were used mostly as an antilabor paramilitary force whose function was to terrorize workers and farm laborers. By 1930, most of the tycoons had con­cluded that the Weimar Republic no longer served their needs and was too accommodating to the working class. They greatly increased their subsidies to Hitler, propelling the Nazi party onto the national stage. Business tycoons supplied the Nazis with gener­ous funds for fleets of motor cars and loudspeakers to saturate the cities and villages of Germany, along with funds for Nazi party organizations, youth groups, and paramilitary forces. In the July 1932 campaign, Hitler had sufficient funds to fly to fifty cities in the last two weeks alone.

    In that same campaign the Nazis received 37.3 percent of the vote, the highest they ever won in a democratic national election. They never had a majority of the people on their side. To the extent that they had any kind of reliable base, it generally was among the more affluent members of society. In addition, elements of the petty bour­geoisie and many lumpenproletariats served as strong-arm party thugs, organized into the SA storm troopers. But the great majority of the organized working class supported the Communists or Social Democrats to the very end.

    Beyond that I’m not going to argue with someone with their head up their ass. History has proven again and again that liberals are absolutely clueless historically and politically.