Postletarian

Oh so the Communist Manifesto is political now? Fucking commies turning everything into politics.

If Japan can survive for 30 years, it's dead, and the vast amount of post-doc number wanking justifications for every single crisis are pathetic.

Japan is able to run those high dept-to-GDP number because, by suppressing all other financial investment mechanisms in its' economy, it has deemed dept as one of the most profitable places for a Japanese person to park their savings accounts. They have essentially tied dept to savings. They are buying their own dept like crazy and finance their government expenditures that way but at the cost of increased inflation. The reason that they can still get away with it, is because they have some of the biggest car and tech industries in the world. But they haven't grown in decades, their country is literally dying (one of the 3-4 worst birthrates on the planet), , they are one of the most depressed countries in the world and their debt keeps rising. Where will this end? Should they let the dept go to 700%? What happens when their actual economic engine (their industry) slows down? Presenting Japan as the model for your theory is not the win you think it is...

I seriously don’t know you’re being intentionally obtuse or something. Greece cannot do MMT because it is in the eurozone and cannot print its own money! Seriously I’m going to need a better argument than this if you want a serious discussion. Also **Global South countries have difficulties implementing MMT in full form because they lack food and energy sovereignty, and often has high external debt **(denominated to a foreign currency)!

Oh so 99% of the countries on the planet! If your theory doesn't work 99% of the time, IT'S NOT A GOOD THEORY. Greece goes to drachma tomorrow. Now they control their own currency. HOW ARE THEY GONNA PAY FOR CANCER MEDICINE USING MMT? How about Armenia (that I mentioned and you didn't answer)? How about Angola, Bangladesh, Morocco, Colombia? And you have the nerve to say I'm obtuse? Get out here and take your bogus theories with you.

You are talking about the past and not about the present. I’m not really interested in these moralisms, you are not being a serious geopolitical analyst of present reality when you couch things in this Manichean way. I have to say to people again and again and again here, moralism is a poor lens of analysis and intent is irrelevant. I see it a lot from baby leftist idealists in the west who are framing every situation into one where they can have perceived moral superiority. This includes inventing hypotheticals to get mad at instead of looking at reality occurring in front of you.

What the hell are you even talking about?

Look at actions and results, that is all that matters.

The results are that since Putin took office almost all of the former USSR and ex-socialists countries became NATO countries.

China has sat around indecisively doing nothing.

China doesn't have to do anything because they put out the fire before it spreads through the forest. Xinjiang, Tibet, HK, Taiwan. You hardly hear any news about them. Why? Because China takes care of the problem. They don't let US spread its' poison. If Germanophile Vlad was the leader and his liberal friends were running things in China we'll be in the second Xinjiang war by now.

Geopolitics is a game and you need to learn the rules instead of getting mad about someone else’s play.

OK Sun Zhu.

What is needed is a new ,mature, credit generation mechanism that fits China's current state of development,administrative capacity and local finances.

What is this mechanism gonna be based on?

Many chinese economies advocate (more conservatively) for the direction you describe ,even before and during this plenum. The holdup is in the details of what the specific circulation and dept generation mechanisms will be and how they should work, how to steer them to the right kinds of activities and behaviors, use of credit, resources mobilised, the system’s turnover velocity etc

It's one thing to turn gradually towards domestic consumption and increased standards of living (things that China is already doing) based on your economic output and it's another to run large deficits for an extended period of time and still have a functioning economy. I only know one country that has done it in history and it did through monetary imperialism...

Yes, not only am I advocating for MMT [...] No offense but you don’t understand the topic at all.

Called it. Touched a nerve didn't I? The only ones that rival libertarians on the "you don't understand economics" are MMTers. 2010 called dude, they want their snake oil economic theories back.

So USSR under Stalin were doing MMT now?! Haven't heard that before I admit. Go tell that to your boy M.Hudson, see how fast he will throw a vase at you. Although these days he seems too embarrassed to associate himself with MMT.

To all this ahistorical bull I have to say during Stalin's period USSR did a thing called war communism. They nationalize/collectivize everything, they mobilized all their productive forces to the maximum, they focused on heavy industry. They industrialize their economy in about 27 years while it took other countries more than 100. They did all that because THEY HAD TO. Noone wanted to trade with them and the Nazi threat was looming.

And all this came with an ENORMOUS cost for the people of USSR. But it had to be done. And of course it was reflected on growth, since Russian was one of the least industrialized countries in Europe and industrialize in such a small period of time. But that wasn't supposed to be a model for other countries to emulate! It happened due to absolute necessity. Comparing 30s USSR to the current situation is nuts.

How's the "father of MMT" Mosler doing these days? Is he still running his tax evasion schemes? Still waiting his answer on how can a country like Greece or Armenia do MMT? I remember those people back in the recession years coming to my country advising the "lefties". Yeah didn't end well for us but I bet they made a lot of money giving speeches and selling books...

Not that USAian elections mean anything but it is hilarious that the guy survived an assassination , had a -let's face it- very iconic, almost cinematic moment and then he managed to completely f this up by selecting the biggest dufus on the planet as his VP and not being able to shut up for a second. It's like you score from the middle of the court and then your shorts come of for the world to see your tiny dick with a "I love furniture" tattoo in it. Just sit in front of a camera and say "I love Jesus" for 3 months dude and you win.

You are right about EVs having a higher profit margin in Europe. So what? Are they gonna ban every import from China? Good, let them do it. We saw how brilliantly the sanctions worked against Russia. I beg them to do it against China. Let's unravel this thing 2 decades earlier. USA thinks they can squeeze China like they did with Japan. But China is no Japan. I don't see Apple leaving China (they tried but they failed), I don't see Tesla, I don't see any of the other big USA ones leaving. The simple truth is if you are a company that doesn't do business in China you are a company that can be beaten. West(TM) can squeal, can scream unfair but at the end of the day they will have to choose between having to live with China or economic suicide.

Can you explain how running on deficits means opening up capital flows and losing control over yuan? This doesn’t make any sense to me. The only way for China to sustain its industries is to make its citizens rich enough to purchase their own EV at a price that can sustain the growth of those industries. Another way is to nationalize it and make it state-run, otherwise the company always need to make clean profit to reinvest into R&D. Whichever way, it means transitioning into a domestic consumption model.

You put too much on the table for a comment section. In brief. Who works on those EV factories? Workers. Who pays them? The factories. With what money? From profits. Sounds great in theory. USA tried that model up until the 70s and it blew up due to high inflation and led to neoliberalism/reganism. Maybe I'm misunderstanding you but you sound like advocating for some type of MMT (a.k.a repackaged Keynesianism). I see that from liberals in China. I think it would be a huge mistake. I don't want to relive the last 50 years but with China as (monetary) imperialist protagonist instead of USA.

Maybe I'll make a post in the future in regard to MMT, China and how to avoid the same mistakes labour did in 20th century. That's all for now.

There is a great movie with Alec Guinness called The Man in the White Suit. He creates a fabric that can't be torn, can't get dirty, cannot degrade. Everybody ends up hating him lol!

As for China @[email protected]

China for the last 20 years at least, has by far the most competent political leadership on the planet.

You think they don't know what's going on?

China has been balancing its' trade towards more domestic consumption since the later Hu Jintao period.

But they are not naive, they know that an economy heavily based on domestic consumption implies a bunch of things.

It implies running on deficits. It implies opening up capital flow. It implies losing control over the yuan. It implies giving the power to the financiers.

They are not gonna do that, despite what liberal academics inside China say. They are not gonna turn China into USA.

Instead the smartest politicians on the planet, they are gonna do the smart thing.

They are gonna turn that energy deficit into energy surplus, they are gonna invest in advance agriculture so they are not dependent to anyone for food, they are gonna turn the 12% gross margin into 20-25%+, they are gonna use that surplus value to build more sustainable infrastructure and improve steadily the QoL of their citizens without sacrificing their competitive edge.

They gonna do all this until they develop their productive force so far that they can out-compete any of the regressive capitalist countries while at the same time provide better standard of living for their people. Then the realm of freedom (as Marx put it) is finally on the horizon. Then we win.

I wanted to respond to @[email protected] and @[email protected] but the previous thread got locked. https://hexbear.net/comment/5186705

In regard to Putin. Putin wasn't put in this position from his own will. He was forced into it.

Up until 2007-2008 he was the golden boy for the West(TM).

Putin though they were gonna let him (and Russia) in the club. He was gonna be one of the (imperialist) boys.

But West(TM) had other plans. The USA is not gonna let a country with 20k nuclear warheads become a member.

What if Russia starts having demands? USA can handle their little lapdogs (Germany, UK etc.) but a power like Russia?

So they played good old mediocre liberal boy Vlad like a fiddle all these years (he even admitted it in an interview, it was the one of the 4 hour long interview-address to the nation, last question from the audience for those that want to see it).

They were putting CIA NGOs all over the former USSR and its' satellites, they openly bribed politicians, they brought Poland into NATO, Czechia into NATO, Hungary, Slovenia, Slovakia, Romania, Bulgaria, Albania, Croatia even the freaking Baltics right next to his border. They started shit in Georgia, they staged a coup in Ukraine that brought literal Nazis into the front that were killing ethnic Russians in eastern Ukraine for years and it took an open and direct threat of turning the Black Sea into NATO sea to finally get him to do anything. And even after that, it took him 8 years to realize that they played him about the Minsk agreement too! Then it dawned on him that maybe they don't like him that much...

He keeps criticizing Lenin and Stalin but he is not good enough to clean their boots, while at the same time he has to draw from the legacy of USSR in order to keep the ship together because deep down he knows that was the best period in Russian history.

If today's Russian movements wants to win, they need to follow this line of thinking instead of tailing the liberals.

What I'm still afraid of is if USA does a U turn and starts shaking its' tail and playing friends to Russia, the liberal elite in Russia might still fall for it. There are still voices inside Russia that think friendship with USA is possible...

As far as "AI" goes, it's here to stay. As for OpenAI they will probably be bought off by one of the big ones, as is usually the case with these companies.