Great point. The bourgeoisie simply pocketing the cash and refusing to actually produce anything is a major issue for the US’s ability to actually accomplish anything. They would need to bring their capitalist class to heel lest they collapse under the weight of their own contradictions, though I’m of the mind that historically empires rarely just collapse suddenly and instead erode over the course of centuries.
Imo the US is primed for a bonapartist figure and the instatement of a new social compact as we deal with the death of neoliberalism and a new profit crisis. Though I don’t agree with all their conclusions, I think Brenner & Riley are pulling at the edges of something real in their piece I cited, specifically the idea of state dictated capitalism or political capitalism as they call it. I think the mode of state capitalism outlined by China and to a lesser extent Russia wherein a state apparatus utilizes the capitalist class as a patronage network to produce the commodities necessary for state projects could become the dominant economic model of the coming century (tho of course everyone will have their own versions. Europe had social democracy when we had fordism and China will have socialism with Chinese characteristics while we get the megacorp imperium). America’s tendency towards monopoly capital makes me think we might just see a fusion between the private and public sectors where the regulatory administrative state is overtaken by private firms operating on a pRiVaTe-PuBlIc PaRtNeRsHiP basis.
Historically wars have been a great place to build new social compacts from and from which bonapartist figures can emerge out of. Maybe the current regional conflict in the mid east expands and the US gets smoked by a Houthi/Hezbollah/Iran coalition and we have our own Russo-Japanese war that inspires a retooling of the American economy and plenty of “stabbed in the back” narratives about the ruling elite that failed us. Or maybe we instead experience a political defeat as China’s efforts to link Iran and Saudi Arabia sees the US’s influence pushed out of the region. MBS has already made indications of a desire to go his own way more separate from US hegemony rather than remaining a junior partner. I’m this instance again I could see the US turning its sights south to secure access to oil reserves there if our relationship with the Saudis becomes fraught. A situation like Venezuela-Essequibo could provide the justification to put troops into SA. Either way I think the American brain pan has a unique craving for global violence. We saw that the number one thing that’s tanked Biden’s approval was his withdrawal from Afghanistan and both parties seem intent on jumping in feet first to any conflict that presents itself. The only disagreement is about which wars to be fighting
Universities are already dying. It wouldn’t surprise me to see the humanities fully gutted (halfway there!) and a full switch towards a STEM focus as a means of outsourcing the technical jobs training needed to work these production jobs. Just imagine the new engineering building of your university sponsored by Raytheon. Feels like it’s just around the corner