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by ElevenLathe 19 hours ago
There have historically been obstacles and countervailing forces preventing accumulation to get to the point it is now. The classical example is labor organizing, which has been decimated in the last few decades, but that is just one symptom of how improvements in communication and transportation technology (often shorthanded as "globalization" due to the new political forms it has incentivized -- free trade, "decolonization", financialization, etc.) have radically tilted the table toward capital. Money is now transnational, but people, culture, and solidarity are not. There were once very severe practical limits to how closely one could control an expansive international portfolio of capital (mercantilist trade policies, primitive/incompatible/nonexistent financial infrastructure, slow communications, etc.), and those have been relaxed considerably.