Over time, Capitalism trends towards monopolization. We see this with mergers, “daughter companies,” and other alignments as groups coalesce into syndicates
Financial Capital, ie Banks, begin to control Industrial Capital through aquiring large amounts of shares and including conditions in loans, resulting in large-scale mergers of Capital
Companies seek to export Capital, both industrial and financial, to the Global South where resources and wages are cheaper, so as to increase profit margins tremendously.
Countries in the Global North generally divy amongst themselves different areas of the Global South
Underdevelopment due to expropriation of resources drives countries in the Global South against the Global North, cutting off revenue
As a consequence of deindustrialization combined with countries kicking out the Imperialist Powers, these countries in the Global North face crisis
I disagree with the assertion points 1 through 6 are factual. Those are all extremely broad generalizations based on assumptions you hold. Some of those things do happen on occasion of course, but it’s not a railroad track of 1 leads to 6 with no other possibilities. The financial industry is heavily regulated by the US Gov’t which exerts control to prevent much of 1 - 3 on your list.
I dunno, you tell me where this is bullshit.
Over time, Capitalism trends towards monopolization. We see this with mergers, “daughter companies,” and other alignments as groups coalesce into syndicates
Financial Capital, ie Banks, begin to control Industrial Capital through aquiring large amounts of shares and including conditions in loans, resulting in large-scale mergers of Capital
Companies seek to export Capital, both industrial and financial, to the Global South where resources and wages are cheaper, so as to increase profit margins tremendously.
Countries in the Global North generally divy amongst themselves different areas of the Global South
Underdevelopment due to expropriation of resources drives countries in the Global South against the Global North, cutting off revenue
As a consequence of deindustrialization combined with countries kicking out the Imperialist Powers, these countries in the Global North face crisis
Which do you disagree with?
I disagree with the assertion points 1 through 6 are factual. Those are all extremely broad generalizations based on assumptions you hold. Some of those things do happen on occasion of course, but it’s not a railroad track of 1 leads to 6 with no other possibilities. The financial industry is heavily regulated by the US Gov’t which exerts control to prevent much of 1 - 3 on your list.
We can see it happen regularly in industry, as we have seen with the IMF, Blackrock, Amazon, and more.
The Capitalist State’s role is symbiotic with the Financial Capitalists, not predatory. The State is controlled by the wealthy Capitalists.