But private sector of the economy is growing, not shrinking. The phasing out won’t happen because capital is inherently expansive. The computational problem making the vast sea of inputs and outputs of light industry is made obsolete with modern computing / cybernetics. Also the inefficiencies weren’t just due to computation but the Sino Soviet split + imperial trad restrictions combined limiting the diversity of products and services possible to implement at scale. It’s 2026, I think the development is sufficient. Besides, believing that capitalism can develop you better than socialism is completely asinine.

Where in theory does it say that finance capital is important for socialist construction? Lenin’s Imperialism the highest stage of capitalism describes finance capital as the first defining feature of imperialism. The second is the exporting of capital which is beginning to happen both in the form of employment of foreign proletarian (variable capital) and establishment of manufacturing industries abroad (constant capital).

The worst part about Keynesian economics is that it scapegoats the capitalist class which shouldn’t exist in the first place. They get away with not paying Jack shit because people believe deficit spending is this neat little inflationary trick that doesn’t hurt the capitalist class on the back end because they control prices. After our debt crisis when the dollar loses its world reserve status the system will blame social programs instead of its inherent rot born of profit.

Bias baked into the models may make them deny genocide, smear socialism, say climate change is up for debate. Basically Ai is and will be used to do capitalist-imperialist propaganda because people trust it blindly. It’s already being used for genocide denial.

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lol I’m a Hoxhaist so I agree with that sentiment. This post is more so about Marxist solidarity against liberal slander specifically. “Tankie this” “authoritarian that” “book club, etc.”. Theoretically based criticisms are always welcome, don’t get me wrong.

The sections on working conditions were sobering, I had many feelings. They read to me almost like a warning. In Ch.10 Marx quoted Horace when speaking to the then American readers “It is of you that the story is told”. At the time it was a direct truth, now it is a harbinger. There ought to be a black book of capitalism. Imperialism only imports the suffering of yesteryear for NA-Europe where the trauma is well contained in the commodities to fit the bill for the old reaper of scarcity.