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This is a Dengist community in favor of Bashar al-Assad with no information that can lead to the arrest of Hillary Clinton, our fellow liberal and queen. This community is not ironic. We are Marxists-Leninists.

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Making Capitalism Great Again? A Critique of the “Rentier Takeover” Thesis (redsails.org)

submitted 1 year ago by [email protected] to c/[email protected]

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what do y'all think of this? It makes some good points and Micheal Hudson is probably not right, but I have one criticism to make. One of his arguments that the richest people are still industrial capitalists (because they started businesses that do stuff), not finance capitalists, but as Cory Doctorow points out, those companies are basically just rentiers at this point. Amazon makes most of its money hosting other businesses on their site, "Meta" makes most of its money hosting being a middleman connecting advertisers and unpaid content creators poorly. Thus, it seems at least the emperial core has increased rentierism. This doesn't mean it's not built on peripheral industry and that reindustrializing the west would benefit average people, but it does seem to be good news about the decline of empire. Other thoughts?

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[–] [email protected] -3 points 1 year ago (7 children)

Hudson and the rest of the https://nakedcapitalism.com/ https://wallstreetonparade.com/ Liz Warren book club are good at being finance and covid whistleblowers and reporting on JPMorgan's Epstein dealings. Ha Joon Chang & Stephanie Kelton type books are great at defusing the ideological bomb that is neoliberalism.

As far as actual solutions for what to do with their analysis, I don't think they see that as their job. I remember Hudson writing some UBI type thing ten years ago. They just whistleblow-blog.

What exactly does Roderic do? His website? His thinly veiled alts? I got him as a reply guy and honestly his gang is the worst. They couldn't even deal with me pointing out the internal superexploitation of parts of the working class in the imperial core without throwing a tantrum on alts. But they just make puppy dog eyes at you if you're over 10k. Mindless bastards

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