GenZedong @lemmygrad.ml ☆ Yσɠƚԋσʂ ☆ @lemmygrad.ml 1 yr. ago

Neocon media now openly admits that western capitalism is crumbling

www.telegraph.co.uk Western capitalism is crumbling – but it can be saved

Young people are losing faith in an economic system that has lost its way. Through good governance it can be restored

24 comments

Conservatives tend to acknowledge cracks in the system earlier than liberals, as their movement is more openly and aggressively allowed to agitate its base.

Liberals have to cling to the "We live in the best of all possible worlds!" denialist state until some conservative government kicks over another pillar of the domestic polity. And then the only remedy is to return to "normalcy" of liberal governance without ever repairing the damage.

Its just another example of the political ratchet that forces policy forever towards that Murray Rothbard dream.
- It's just hilarious how liberals became mentally identical to conservatives in the 2000s. Same lazy mindset, same "incompetent, mediocre, and proud of it" mindset.
  
  but with a pride flag.
- completely agree
Through good governance yes but that will probably mean that the fascism will be crancked up a notch
- indeed
"good governance"is a really strange way of spelling "intensified looting of the Global South".
- I also love this bit
  
  In the past 75 years, extreme poverty across the world has fallen from 90 per cent to 10 per cent. It has halved in the past 20 years alone.
  
  The part they omit is that pretty much the only meaningful poverty reduction has been happening in China, while capitalism increased poverty
  
  If we take just one country, China, out of the global poverty equation, then even under the $1.90 poverty standard we find that the extreme poverty headcount is the exact same as it was in 1981.
  
  The $1.90/day (2011 PPP) line is not an adequate or in any way satisfactory level of consumption; it is explicitly an extreme measure. Some analysts suggest that around $7.40/day is the minimum necessary to achieve good nutrition and normal life expectancy, while others propose we use the US poverty line, which is $15.
  
  Yeah, and Capitalists will always claim China's poverty reduction success to be a success of capitalism because all poverty reduction is tautalogically product of capitalism.
Of course "we aren't allowed to create a hostile working environment for trans people by being overtly hateful anymore" is cited as a way in which capitalism is collapsing. Do you people want me to work or not???
- They want you to die. Buy a gun in case they attack you. Spend as much time as pissible going out irl so u can live a good life and not let these people make you a social prisoner.
  
  I am about to spend all of my time going out irl as I am having a very difficult time finding a job.
I feel tricked ibto reading thst. It just lists a bunch of problems and offers no solution but "be better and no sociakism allowed."
- The admission that people are rejecting capitalism is really the only interesting part of the whole thing, the rest is just capitalist dogma being regurgitated.
  
  Although, the fact that they don't really nave any solutions is itself an indication that the system is headed for collapse.
Baroness Helena Morrissey is a member of the House of Lords. She has worked in financial services for more than 30 years.

Yeah, this person seems normal and trustworthy.
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Article written by Baroness Helena Morrissey. Best comment by Lord Buckethead. Britain is a strange place…
Let me guess, their answer is more insistence that capitalism is perfection incarnate? Just pulling a Biden and saying "things are good, you're just too stupid to figure it out, rube!"

At least Andrew Yang's message was "I'm a capitalist, but socialists have reasons why they believe what they do. I want to prove them wrong."
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Perhaps we'll see this dogshit system buried in the dust in the future? I hope it'll come soon.
What about worldwide capitalism
- I expect that once western system crumbles then capitalism will be seen as a discredited system around the world. Most countries are already starting to question the merits of the western style system, and that trend will only increase going forward. Meanwhile, China shows a clear viable alternative that more and more countries are likely to emulate.
It's filled with lies and they're not even new ones. Describing the last 20 years of deliberate economic and political destruction as just "something that kinna happened lol who knows" is the same dreck i see trotted out by the ruling classless every time there's an admission that something is wrong. only got about 3 paragraphs in before i realized ive already read everything they could possibly have to say a dozen times before.
- Pretending that nobody knows what happened is essential to the narrative. The whole argument is that this is the best system possible, and whatever problems it has are completely unavoidable.
  
  If it's the case that we do know what the problems are and how these problems could've been avoided that implies that a better system is in fact possible, and we know exactly what needs changing.

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