this post was submitted on 30 Jun 2025
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chapotraphouse

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lolbertarians are some of the dumbest people on earth.

okay, let’s say it is “crony capitalism run by the state” (he doesn’t mean state capitalism, he doesn’t know what that means)

what else can capitalism become, especially without extremely strict regulation and wealth/income caps- all things these people are against? and to the extent that the state has its hand in the economy, is it not ONLY to benefit corporations? they’re not regulating these companies or anything to any meaningful degree. so if the government is bad because they only serve big business, even in their own completely nonsensical analysis, doesnt that still make capitalism the problem?

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[–] [email protected] 0 points 2 days ago (2 children)

Yeah, and neither lived until now and I think both would agree that what they wrote about was not the last stage of capitalism. Lenin's Imperialism: The Highest Stage of Capitalism was mostly correct for his time, but imperialism today (especially the American financialised imperialism that Michael Hudson has so thoroughly explored in Superimperialism) is meaningfully different and "higher" than Lenin's rather vulgar imperialism, which was naked territory grabbing and domination. Unfortunately we've yet to see "late stage" capitalism, nor will we until capitalism itself is smashed. For it's not on track to destroy itself any time soon, and every crisis it's encountered it's been able to absorb and change to suit its needs rather well. Capitalism will not die of its own accord, it must be killed.

[–] [email protected] 0 points 2 days ago

I think you might be a little off here. I really appreciate that you brought up Ernst Mandel's and Fredric Jameson's works, but I have to disagree about them not intending the word "late" to mean "closer to the terminal end." Without going and spending a bunch of time digging for quotes, it seemed pretty clear to me that they were referring to the concept that there are certain stages to capitalism (as already noted both Marx and Lenin discussed) and not using the word just to mean "the most recent" not to mention that would be an odd way to phrase it. I also agree with you that Michael Hudson (and slightly more tangentially Edward Said) have further developed the concept of modern imperialism beyond Lenin's analysis, but that said, Lenin's conception of imperialism was not at all vulgar, not even in comparison to modern Marxists additions to it. Have you read Lenin's work on imperialism? He specifically developed it beyond the idea of "naked territory grabbing and domination" of old school colonialism to mean what it means today, including how Hudson mean and use it.

Capitalism will not die of its own accord, it must be killed.

Distinction without a difference. Capitalism will be killed because of its own inherent contradictions which make its killing an inevitability.

[–] [email protected] 0 points 2 days ago

I don't think Marx nor Lenin said it would. However the options are not capitalism or socialism, the options are socialism or extinction. Or call it barbarism.

Just like a cancercell capitalism need to expand to survive even if it kills the host in the process.

Sure you can control the water in the post apocalyptic desert . That way it would adapt.