To me this just proves that the SOE model from China is the next phase of capitalism. Each successive capitalist mode of production in history has ascended by innovating off the previous model, usually by internalizing some major cost. US finance capital has been grasping for the last remnants of profit for decades through the neoliberal model, now we’ll see if more industries adopt some level of state stakeholding.
It’s really just a reversion to some elements of mid century capitalism, pre-beoliberalism. And it’s not like we’re gonna get the welfare state to go with it.
Forced investment to extract revenue then cutting taxes to the rich to give the money right back to them, it’ll be like a special dividend for the entire economy
To me this just proves that the SOE model from China is the next phase of capitalism. Each successive capitalist mode of production in history has ascended by innovating off the previous model, usually by internalizing some major cost. US finance capital has been grasping for the last remnants of profit for decades through the neoliberal model, now we’ll see if more industries adopt some level of state stakeholding.
It’s really just a reversion to some elements of mid century capitalism, pre-beoliberalism. And it’s not like we’re gonna get the welfare state to go with it.
beoliberalism
Beowulf if he was a liberal.
Beowulf of Wall Street
Fuck me, what a perfect chain of comments
How do you say quaaludes in old English?
🅱️eoliberalism
Forced investment to extract revenue then cutting taxes to the rich to give the money right back to them, it’ll be like a special dividend for the entire economy
China spends it on infrastructure we put it straight into slurp juice
y’all still don’t get it