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Ah the Peter Zeihan theory. Sounds plausible but at the same time, it clashes with the Chris Hedges theory: the argument that capitalism is an inherently destructive force that rots and ruins every arena of American life. The corporate state that presides over this destructive capitalist economic system is ruthless and relentless. “It practices only the politics of vengeance. It uses coercion, fear, violence, police terror and mass incarceration as forms of social control while it cannibalizes the nation and the globe for profits.” This scourge is all-consuming. Once-liberal institutions, including “the press, labor unions, political third parties, civic and church groups, public broadcasting, well-funded public universities, and a liberal wing of the Democratic Party,” have all “collapsed under sustained assault during the past forty years of corporate power.” Today, there are “no institutions left in America that can authentically be called democratic.” It is terminal. “Short of a sudden and widespread popular revolt, the death spiral appears unstoppable, meaning the United States as we know it will no longer exist within a decade or, at most, two.” And it is worldwide. “The malaise that infects Americans is global.” Global capitalism is responsible for all misery and the metastasizing of violent rage from many different sides, from jihadists and neofascists to far-right militias and antifa. |
On the optimistic side, I'd like to think that the oligarch class in the US relents before revolution and decimation of the country and economy that is their cash cow. Certainly it would be better to reap merely some fraction of their disgustingly obscene profits than none of it, and the US is well positioned a la Zeihan in the coming global crisis years.
But yes, on the pessimistic side, the proletariat cannot be squeezed indefinitely. Too much pressure and it will explode, with disastrous consequences all around.
Overall, I'm hopeful that continually declining birth rates (though much stronger than the rest of the developed world) and the recent decimation of the labor force will continue to bolster labor power, leading to a recession in oligarchical power that will prevent the worst consequences of of their rapacious excess.