Making Capitalism Great Again? A Critique of the “Rentier Takeover” Thesis
Making Capitalism Great Again? A Critique of the “Rentier Takeover” Thesis
Michael Hudson argues that the industrial capitalism of a previous era has given way to a new form of financial capitalism. Today’s financial capitalists, unlike capitalists in Marx’s day, now claim their share of the surplus by passively extracting interest or economic rents…
what do y'all think of this? It makes some good points and Micheal Hudson is probably not right, but I have one criticism to make. One of his arguments that the richest people are still industrial capitalists (because they started businesses that do stuff), not finance capitalists, but as Cory Doctorow points out, those companies are basically just rentiers at this point. Amazon makes most of its money hosting other businesses on their site, "Meta" makes most of its money hosting being a middleman connecting advertisers and unpaid content creators poorly. Thus, it seems at least the emperial core has increased rentierism. This doesn't mean it's not built on peripheral industry and that reindustrializing the west would benefit average people, but it does seem to be good news about the decline of empire. Other thoughts?
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My most sincere recommendation is you take your thoughts directly to Roderic Day. I think the reaction will explain a lot.
You mean he can answer my questions? Where would I contact him? I don’t have a Twitter account and don’t want to make one. I feel like he should be on Lemmygrad considering he’s involved in GitHub and his work is so popular here.
there's an email listed on the RedSails "contact" page: https://redsails.org/contact/
Yet apart from Twitter and RedSails what work does he actually do? The whole Twitter circle of Roderic & various art-themed avatars reminds me of Politsturm. The self-appointed politburo in exile of getting mad online. No real political work. Only bickering!
Just being able to see through the Jamestown Foundation on Xinjiang doesn't give one a license to sneer at everyone who knows more about dependency theory lol
When you say "involved with github", do you mean he has work in git repos hosted on github, or that he actually works on maintaining the software used to run github?
The former, I think.
He seems to exist purely as a twitter entity linking to his blog so yeah. Twitter. He has some good translations on there.
He will reply to you in ten seconds even if you have zero followers, he is insane. You can make a twitter with just an email from Hide My Email or TutaMail.
It's strange to me that being responsive to questions, regardless of the amount of social clout someone has, is somehow spun as a bad characteristic about Roderic here.
I think the insanity is the extent to which he is terminally online, not necessarily that he will reply to anyone.
They haven't posted in four months 👀👀👀
Can you please let me know how often I should post such that I am neither terminally online nor suspiciously off-line?
Lol, that's not what I meant I find the weak "too/under online" comments annoying
i mean, being terminally online is objectively bad. I think we can all agree even while being guilty of it.
Look at how long they went without commenting before this lmfao
Responding in ten seconds abt how your claims would never be taken seriously for identity politics reasons is not being responsive to questions. They're just seething attempts at pithy remarks 60% of the time.
Literally saying nobody in Latin America would take Ruy Mauro Marini's theories seriously. What a useless suckup Twitter blowhard.
Wow you really logged in after 4 months to defend your liege 😵💫