Replying to Mammon Socialism by establishmentdisliker
One small critique of line 3
Central planning, as Boer translates in “Socilaism with Chinese Characteristics” is understood by Huang Nansen, is an institutional form for the larger economic system, just like markets
Meaning “capitalist” economies can use central planning, and Communist economies can use markets bc they are institutional forms which are tied to the economic system
In Casino socialism I argue that we live in socialism not because we live in a planned economy for exchange value, that implies we live in a world where money is real and the goal of the elite is still to make money.
No, I argue, that they are chasing DEBT as a social end.
That is how they maintain their power through USD reserve currency enforcement backed by the MIC
They don’t want money, or exchange valued they want DEBT which is a political end, which necessarily makes it a social one.
This aligns more with how Hudson understands US imperialism
The pursuit of DEBT is mammon, bc debt is unproductive, but they pursue it at all costs bc it’s how the banks and elites maintain global power
To paraphrase Chairman Haz Al-Din
They are larping as capitalists while planning whole economies and building Socilaism for the social end of debt
Mammon is Debt itself
The only way out is DEBT JUBILEE