>>377180>That's essentially pretty much one of the very few examples, and that wasn't caused by market forces. It's more of an military conquest of a nation.
You should read : Imperialism the highest stage of capitalism by Vladimir Lenin.https://www.marxists.org/archive/lenin/works/1916/imp-hsc/imperialism.pdf>>377180>Well, too bad because that has happened in recent years.
No it hasn't.>None of the biggest firms in the world live off production.
biggest in what sense, you can't trust financial valorisations, >What does facebook or google produce?
they collect data on people, accumulate computing resources capital, and they try to produce machine learning software patterns form the data they collect.
online users essentially do unpaid labour.>Try reading a modern economic book
I did, bourgeois economics is full of nonsense like subjective value theory it's insane mental gymnastics by a bourgeois class that can't admit that labor is the source of value. They haven't even figure out the concept of surplus value.>There's a fundamental difference between money then and money now that economist mostly from NMT would explain. That is that money isn't based on gold anymore, and isn't even physical. It's also owned by state so they can't run out of it. They can print how much money they essentially want.
See this is pure idealism, computers of banks are physical too, the data links between banks that transmit financial information are physical as well. If you say something isn't physical you are saying that it doesn't exist. Gold had more mass than data packets and that made transactions slower. But that doesn't mean you can print money as much as you like. MMT is not realistic, except maybe for the US, but even that seems doubtful now, by the time anybody gets the power to implement MMT the neolibs will have burned out the Dollar. You should study the failures of monetary policies in Venezuela.>The inflation worry is a meme because not only are most nations in the western world worried about deflation instead of inflation, also tens to hundreds of billions were printed for years by now every year and the economy is standing. Actually US had one of the lowest inflation levels in history.
The US has huge inflation, just look at housing prices, that's an insane amount of inflation, and during the pandemic other sectors suffered from inflation as well. Please don't tell me that you don't see inflation unless it's equal in every sector. That is just willful ignorance. They printed money that was used to buy up houses and that inflated housing prices. If you think that the gazillions of dollars they printed will not eventually try to find material wealth, that is faith not theory. There is zero reason to assume that this won't crash like it did so many times before.>Marx wasn't a prophet
Marx's theories have empirical evidence. Most bourgeois theories aren't even falsifiable to begin with.