I feel like this is what happens when you focus on generating profit for the industry instead of being able to actually do warfare. You see it with stock depletion of US missiles where they are rapdily going through it while replenishing stock will take years. Meanwhile their adversaries are actually focussing on being able to quickly produce stuff like drones and far cheaper missiles because they are not on the payroll of Raytheon.
Indeed, it's the terminal stage. Earlier stages can produce productive economy and domestic industry, but then it inevitably gets shipped out to cheaper markets as finance capital becomes the dominant force in the economy.
I feel like this is what happens when you focus on generating profit for the industry instead of being able to actually do warfare. You see it with stock depletion of US missiles where they are rapdily going through it while replenishing stock will take years. Meanwhile their adversaries are actually focussing on being able to quickly produce stuff like drones and far cheaper missiles because they are not on the payroll of Raytheon.
Financial capitalism is basically a cancer that's hollowing out all the productive industry in the west.
All capitalism is cancer. This is just the terminal stage of it.
Indeed, it's the terminal stage. Earlier stages can produce productive economy and domestic industry, but then it inevitably gets shipped out to cheaper markets as finance capital becomes the dominant force in the economy.
You see, any money that goes to expanding production lines is money that isn't going to stock buybacks.
Real the purpose of a system is what it does hours.