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by rjbwork
1208 days ago
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I somewhat noncommittally also agree with Hedges here. I think that we have serious problems as described by Hedges and other neo-marxist theorists, but I also think that Zeihan is pretty spot on in terms of the geopolitics of the situation. It's unclear to what extent these competing variables will contribute to the situation as things go forward. 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. |
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Zeihan does talk about the US going through a political reshuffling right now that will take 10-20 years. I guess on that timeframe we will find out what happens.