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Gerry Conway's avatar

You sum up perfectly the inherent futility of late capitalism with the simple fact you built a quite lovely and expensive home directly in the path of a hurricane that destroyed the previous home, and under current climate change conditions, can easily be predicted as not the last to sweep through within the next few years. It’s hard to take anything you say as an analyst seriously when you act in such a mind-numbingly, reality-denying manner.

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timgonch@yahoo.com's avatar

Thinking about this a little more broadly, it helps to explain some aspects of the development of global capitalism and the role of the United States which many find puzzling. There have been many predictions in recent decades of the advent of a multi-polar world, with variously Japan, Russia, the European Union and most recently, China touted as emerging players. None have so far significantly challenged the US, and it seems increasingly likely that China will fail as well. Outside observers are also frequently baffled at the stunted development within the US - persistent poverty, racial oppression, stunted educational and healthcare systems - which the rest of the developed world has long surpassed. Within the US, those who struggle with these issues bemoan the lack of resources while the focus of the government is on military domination of the rest of the planet and reducing the tax burden on billionaires. The simple answer is that there is no need for global capitalism to leave the nation-state behind as long as it can create one nation-state to dominate all the others, and completely capture the functions of that nation to meet its own needs.

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