Oceania vs. Eurasia
In the face of crumbling economic power, Washington is switching to a strategy of military dominance in its confrontation with China
by Tomasz Konicz
[This article posted on 5/16/2023 is translated from the German on the Internet, https://exit-online.org/textanz1.php?tabelle=aktuelles&index=37&posnr=863.]

It is quite possible that, in retrospect, the war in Ukraine will be seen as the first act of a global major war, as a mere prelude to the military conflict between the US and China that is looming in Taiwan. The tensions in the Taiwan Strait seem to be becoming a precarious permanent state of affairs, while the death toll of the Russian war of aggression is now in the hundreds of thousands.

Both conflicts can indeed be seen as moments in a global struggle for hegemony, a struggle being waged between the fragile alliance systems of the declining United States and the rising China. On the geopolitical level, one could speak of a struggle between China-led Eurasia and the United States' Oceania. Washington is pursuing a containment strategy vis-à-vis the Chinese-Russian alliance, in which alliance systems extending across the Pacific and Atlantic play a central role. And Taiwan is an essential component of this containment strategy in the Pacific region, in which Washington is also seeking to involve South Korea, Japan, the Philippines, Vietnam and Australia.

This containment strategy has several objectives: on the one hand, it is intended to prevent the unhindered formation of the rapidly growing Chinese military power. The global ability to intervene has formed the military basis of US hegemony in the decades since the end of the Second World War. Beijing is currently pushing ahead with a gigantic, rapidly advancing naval armament program in order to outstrip the US Navy. By 2024, the number of Chinese combat ships is to increase from 340 to around 400, while the US Navy has only just under 300 ships. However, the effectiveness of this Chinese naval power would be undermined by US bases, which Washington would prefer to establish in all of China's neighboring states, which are watching Beijing's increase in power with unease.

On the other hand, this containment is also about making it impossible for Beijing to extract raw materials and energy sources from the periphery of the world system without hindrance, in view of the worsening socio-ecological crisis. It is impossible for China to secure the shipping lanes militarily as long as Washington has allies off the Chinese coast.
Escalation dynamics in late capitalism

Where do the borders of Oceania and Eurasia lie? This geopolitical question, which is being fought out militarily in Ukraine, also arises in Taiwan, which Beijing considers to be part of China. The Taiwan conflict is therefore particularly strongly national and ideologically charged within China, while an overwhelming majority of Taiwanese residents are in favor of maintaining the status quo or even independence. The hegemonic struggle between the US and China is also a struggle for technological dominance. Washington is using increasingly far-reaching sanctions to maintain its remaining technological advantage over the People's Republic. And Taiwan is an important location for IT and high-tech production. The most important manufacturing sites for computer processors and chips are located on the Pacific island. Washington wants to prevent Beijing from gaining access to these skills.

The escalating dynamics unfolding in the Pacific, however, remain incomprehensible if the increasing social, economic and ecological crisis tendencies in the late capitalist world system are ignored. It is the systemic crisis processes, the increasingly apparent internal and external barriers to capital, that are driving the states into confrontation. Russia's attack on Ukraine, which resembles an act of sheer madness, also remains incomprehensible if the uprisings in Belarus and Kazakhstan shortly before are disregarded.

On a global level, the USA finds itself in a similarly difficult situation to Russia in its run-down and socially devastated post-Soviet backyard. The recent "banking earthquake" in the United States, which was triggered by the collapse in the value of US government bonds that were actually considered safe, is an expression of the systemic impasse in which neoliberal globalization, centered on the dollar as the world's leading currency, finds itself: the world system, which is suffocating in productivity, lacks a new leading industrial sector in which wage labor could be utilized on a massive scale; it is running on credit. Global debt is rising faster than global economic output.

This global debt process took place through ever-larger speculative bubbles in the financial sphere, with globalization leading to the formation of deficit cycles. Export-surplus economies exported their goods to deficit countries, which accumulated ever-larger mountains of debt. The USA and China were closely intertwined in this process. In the large Pacific deficit cycle, China was able to achieve huge export surpluses vis-à-vis the USA, which it then invested in American government bonds. China shipped huge quantities of goods to the USA across the Pacific, while US "financial market goods" (mostly the aforementioned government bonds) flowed in the opposite direction, making China one of the largest creditors of the USA. (A similar "imbalance" between the German center and the southern periphery also characterized the eurozone until the outbreak of the euro crisis.)

With the end of the post-war boom, financialization and the implementation of neoliberalism, the economic basis of the Western hegemonic system, which had previously been supported by Fordist expansion, changed: the USA, which was increasingly indebted USA became the "black hole" of the world system, absorbing the surplus production of export-oriented states such as China and the FRG - at the price of advancing deindustrialization and indebtedness in its own country. This would not have been possible without the US dollar. The greenback as the world's leading currency gave Washington the option of incurring debt in all goods in order to finance its military machine, for example. If, on the other hand, an Erdogan turns on the money press, inflation simply grows.

Conservative crisis policy in a trap

This global financial bubble economy, which is running on credit, has become increasingly crisis-prone in recent decades. The crises have become more and more severe, the political efforts to stabilize the system have become ever greater, and the intervals between the crises have become ever shorter. With the onset of the inflation phase, the neoliberal era of crisis delay seems to be at an end.

The bourgeois crisis policy is caught in a trap: it would have to raise interest rates to fight inflation, while at the same time it would have to lower interest rates to prevent the inflated financial sector from collapsing and the gigantic mountains of debt from collapsing. The USA is no longer able to function as the "black hole" of the world economy in the context of the collapsing financial bubble economy and the aforementioned deficit cycles, which undermines the economic foundation of US hegemony. With the increasing shift away from the US dollar in the semi-periphery of the world system, where a number of states are switching to bilateral payment systems with China, the time of the greenback as the world's leading currency seems to be coming to an end, which would relegate the United States to a huge, militarily highly armed debtor state.

The only option left to Washington to maintain the eroding alliance system of the "West" is military dominance. The real backbone of the US's supremacy, as well as the position of the dollar as the world's leading currency, is the US military apparatus. That is why Washington is prepared to confront China's expansionist ambitions with a strategy of confrontation - with the well-known ideological accompaniment (the "free West" against the "yellow peril", etc.) - as long as the United States retains its military superiority.
_____________________________________________________________________________

Business as Usual - On the ongoing madness of the capitalist mode of production
by Thomas Meyer
[This article posted in 2017 is translated from the German on the Internet, https://exit-online.org/textanz1.php?tabelle=aktuelles&index=39&posnr=865.]

It is encouraging to see that the real madness of capitalism is actually being recognized in the general analysis and, in particular, in the crisis since 2007/2008, and that a critique of capitalism is being formulated on this basis. This is attempted by Paul Mattick Jr.1 in his book "Business as Usual - The Economic Crisis and the Failure of Capitalism"2, which was written in 2011 and translated into German in 2012.

In this book, Mattick outlines the history of economic crises and calls for a concrete historical examination of capitalism. However, crises are usually neither really explained nor understood, because people are not able to relate them to the internal history and the logic of exploitation of capitalism. This is often because capitalism is perceived as natural anyway, and consequently it is not even considered to be viewed historically.
Capitalism as an imposition and a crisis

The situation is well known: the so-called financial crisis began with the bursting of the real estate bubble in 2007/2008. Most commentaries agreed in their actual lack of understanding of capitalism. The mainstream of economics, mostly of neoclassical provenance3, was rightly accused of being unable to formulate any reasonably reliable prognoses, nor did it have any plausible explanations for the current economic situation. Critics of neo-liberalism, deregulation, etc. on the other hand were similarly blind to history, as was the Keynesian Paul Krugman, because he did not "deal with the reasons why Keynesian theory fell into disrepute in the 1970s" (25).

According to Mattick, a fundamental problem lies "[...] in the prevailing approach to current economic issues. Part of the problem is the terms used to try to understand the social system in which we live" (30).

To understand the current crisis, Mattick says, one must look at the history of capitalism and its historical dynamics. In particular, one should recognize the nature of the crises in capitalism, as distinct from, for example, famines in pre-modern societies: "But when the increasingly money-oriented economy led to the industrial revolution and capitalism spread to such a large extent that it became the dominant social system, a new phenomenon emerged: crises of the social system as a whole. Of course, a wide range of disruptive factors such as war, plague and crop failures had already affected social production before that. However, the establishment of capitalism brought something new with it: despite good harvests and mountains of food, famines occurred [...]. Such collapses were no longer caused by natural or political factors, but by specific economic factors: there was a lack of money to buy the goods needed, profits were too low to make investments in production worthwhile" (35, emphasis in original).

If these facts are acknowledged at all, it has always been the case that bourgeois economists have sought the causes of crises in extra-economic or extra-social factors, such as William Stanley Jevons, "who from 1875 onwards persistently endeavored to prove a correlation between economic upturns and downturns and the sunspot cycle [...]." Marx, on the other hand, took a completely different approach: "Marx argued that the essence of capitalism was a tendency towards crisis, which would be realized in constantly recurring depressions and would ultimately lead to the downfall of the system. However, his approach was so fundamentally different from the usual economic theories that other theorists who dealt with the subject – including the majority of those who called themselves Marxists – had difficulty even understanding his thoughts, let alone finding them useful" (38f.).

Some bourgeois economists, however, were able to recognize the obvious, such as Wesley Mitchell (1874-1948) in his 1927 book on the business cycle, in which he wrote: "It is not what a business makes, but what it makes out of it, that is its business purpose. [...] In a monetary economy, the course of business is determined by current and anticipated profits" (43).

Mattick states that it is quite astounding that this realization has escaped most economists to this day.

However, Mitchell is unable to provide a theoretical explanation for fluctuating profitability. Nor does he ask himself, among other things, what money actually is: "These are questions that even a historically oriented economist like Mitchell did not think to ask, because the existence of money seemed perfectly natural to him [...]. Asking a citizen of a capitalist society is like asking a resident of ancient Egypt why the water level of the Nile and thus the growth and decline of agricultural yields are determined by Osiris. Answering it requires sufficient mental distance from social conventions [...] to understand money and thus also profit as historically peculiar social institutions that have certain consequences for the way we live" (48f.).

Work, i.e. the human being reduced to a labor force container, the bourgeois gender relationship, i.e. the double idiocy of kitchen and career, and a way of thinking that, above all in its practice, can recognize the world only as a substrate for the realization of value, would still have to be added.

Furthermore, it is forgotten that most people "[...] in large parts of the world, even in the very recent past, were rarely or never dependent on money [...], that money occurs in many types of societies, but only in capitalism does it play such a central role in production and distribution [...]. In such a system, money has a different social significance than in earlier societies. [...] In capitalism, this distribution takes place by determining which products are saleable in which quantities - and not through a social decision-making process about what should be produced" (50f.)4.

Mattick notes that crises have to do with the dynamics of capital accumulation: on the one hand, the aim is to maximize "profitability" – because making money is the driving force behind capitalist production – and on the other hand, in order to prevail in the competition, costs must be reduced, for example by increasing labor productivity: by reducing the proportion of labor used relative to the quantities produced by it. The general consequence of this is that the costs of the means of production rise relative to those of wages, so that the individual commodity becomes cheaper. This is expressed in saturated markets, declining investment in means of production, etc., and rising unemployment (59f.). The plight appears to be a lack of demand. This is precisely where Keynesianism comes in. The idea was that the state would generate demand through credit (e.g. through large-scale infrastructure projects5), thus rekindling the dynamics of utilization, overcoming the depression and finally paying off the debts through increased tax revenues. Keynes' model seemed to be successful, the depression was overcome (not least due to the Second World War, 86f.) and parts of humanity were then blessed by an economic miracle (the "golden age" as Mattick calls it). Nevertheless, the Keynesian methods were continued after the actual depression. The economic miracle was therefore hardly self-sustaining: "In reality, crisis management turned into a permanent state-private 'mixed economic system'. Far from being paid off, public debt in all capitalist countries rose from the mid-1970s, both in absolute terms and as a proportion of GDP [...] By the time Reagan left office, public debt had tripled from $900 billion to $2.8 trillion [...]. In 1930, the US government's debt amounted to $16 billion; today it is $12.5 trillion and still growing" (69, 91-93).6

Mattick also describes the genesis of finance-driven capitalism: "The decline in productive investment meant that more and more money became available for other purposes. [...] This 'massive shift to a speculative use of liquidity [...] was expressed in a strong urge for legal deregulation? Deregulation was thus a reaction to the pressure of speculation: it made risky business easier, but was not the cause of the increasing speculation. It is equally absurd to explain the increase in credit-financed corporate acquisitions and other forms of speculation as a consequence of greed, as is often done today: Not only does this fail to explain why greed has suddenly increased in recent decades, it also obscures the basic motive behind capitalist investment decisions" (75 f.).

Mattick also emphasizes that the financial crisis of 2007/2008 should not be viewed in isolation from the crisis since the 1970s and its cause in the logic of exploitation; nor should the smaller crises since the 1980s. Rather, the current situation is "an expression of the depression that was dramatically heralded in the mid-1970s, but which has been kept at bay for over thirty years by state economic policy - partly by shifting it to poorer regions of the world, but above all by a historically unprecedented level of debt among states, companies and private individuals in the richer part of the world" (82).

But what is the fundamental difference between the current crisis and the depression of 1929, apart from the skyrocketing national debt?

Unfortunately, Mattick hardly develops this crucial idea. He does mention that government spending "had counteracted the previous decline in profit rates, but had not overcome it, [so] it is not surprising that firms used the available funds less to build new factories to produce more goods and more to squeeze more profit out of existing production: They invested in labor- and energy-saving technologies and reduced labor costs by relocating factories from high-wage to low-wage countries [...] The results include the persistent rise in unemployment in Western Europe and the Rust Belt in the United States" (73).

The qualitatively new, the crisis of the labor society, the microelectronic revolution and its still not fully utilized rationalization potentials are not really clearly elaborated. Referring to Marx, Mattick does, however, state that the dynamics of capitalist exploitation must ultimately lead to its downfall (see above), although he does not explicitly refer to the "Fragment on Machines" from the Grundrisse, but only to the tendency of the fall of the rate of profit.

Another inaccuracy regarding the question of why Keynesian methods cannot work is his statement that "state-financed production does not generate any profit. [...] The government does not have its own money, but pays with tax revenues or borrowed money, which ultimately also has to be repaid from tax revenues. [...] Government spending cannot solve the problem of depression [...]. The government can postpone the problem by providing financial and other companies with the money they need to keep their operations going. It can at least temporarily alleviate the hardship caused by it by employing or supporting the unemployed, and it can build infrastructure that will benefit future profitable production. [...] The fundamental problem in a phase of depression can only be solved by the depression itself [...]. The depression can [...] increase profit rates by lowering the costs of capital goods and labor, by increasing productivity through technological innovations, and by concentrating capital ownership in larger, more efficient units" (100f.).

The counter-argument to this is that Keynesian methods are effective precisely when they lead to production on an expanded scale; when state measures of concentration and mobilization lead to a greater absorption of living labor, when the cheapening of goods leads to an expansion of markets, when, as a consequence, there is an expansion of total capital, an increase in the total value of society, whether or not this is mediated by war. This leads to higher tax revenues, so that those loans that represented an advance on the future that has yet to be earned can then be serviced after all. As is well known, the fact that it worked out more or less is due to the massive expansion of Fordist industries. Why do Keynesian measures definitely no longer work today, even though they did at other times?

As already indicated, these methods no longer worked in the 1970s, because the subsequent microelectronic revolution did not lead to a renewed absorption of living labor, and therefore financial capitalism and neoliberal ideology represented the historical form through which capitalism, although completely blind to history and increasingly resistant to facts, worked on this contradiction.

According to Mattick, it is definitely wrong to think that the depression could be solved by a market adjustment (which was averted by loans of an unprecedented amount). A further concentration of capital, further rationalization measures, etc., would only increase the difficulty of people being able to function as exploitable labor containers; likewise the mass of the superfluous, "who gathered in the hundreds of millions in huge slums" (81f.). Mattick's somewhat imprecise definition of the crisis makes him seem a little ahistorical, although he is well aware of the extent of the misery, as Mike Davis' Planet of Slums makes clear. Fortunately, he does not succumb to false optimism that lies to reality, as is often the case with the bourgeois lumpen intelligentsia.

Furthermore, Mattick writes, unlike many others, that China and India cannot be seen as a beacon of hope for a restored capitalism, because "China's growth remains [...] closely linked to that of the developed countries [...]. India, where the majority of the population still consists of poor rural workers7, is even further away from being an independent economic power. In fact, the foreign trade of the Indian and Chinese economies continues to consist largely of the re-export of end or intermediate products and services produced by multinational companies based in Europe or the United States" (110).
What to do?

What can be done in the face of millions of people living in poverty, environmental destruction and even man-made climate change? What practical conclusions does Mattick draw?

According to Mattick, it is hardly to be expected that the traditional left, insofar as it is not already marginalized, will be able to transcend the horizon of capital. The traditional left (social democracy and real socialism) has definitely had its day, since "the traditional labor movement was not a harbinger of the overthrow of capitalism, but an aspect of its development, in that it fulfilled the task of normalizing a new mode of social relations through organizations that were capable of negotiation and willing to compromise" (122f.)

The demise of the traditional left is no reason to apathetically accept capitalist madness: for it is precisely in times of crisis that the difference between material and monetary wealth, as Karl Marx tried to outline it, can become apparent to many, which could motivate people to act. Mattick also outlines this idea: money may be devalued, factories may be closed, but material wealth is still within reach, so to speak: "While they are still waiting for the promised return of prosperity, the millions of new homeless people could, like many of their predecessors in the 1930s, eventually look at foreclosed empty houses, unsaleable consumer goods and state food depots and recognize in them the things they need to live. However, simply taking over living space, food and other goods breaks with the rules of an economic system based on the exchange of goods for money, and thus points to a completely different kind of society" (133).

The independent appropriation of the means of production may be a first step towards getting rid of capitalism and finding a different form of society, even if humanity will have to struggle with the disastrous legacies (environmental destruction, etc.) of capitalism for a long time to come: "Whatever it is called, it will have to begin by abolishing the separation between those who control production and those who carry it out, and replacing a social mechanism based on monetary market exchange (including labor power) with some kind of social decision-making" (137).

However, Mattick is to be contradicted here when he writes that the means of production are under the control of certain subjects. It is true that no other use than a capitalist one is foreseen for the means of production and real estate, etc., and that this will therefore be defended by all means of violence if people were to presume to wrest them from the capitalist movement of valorization, as Mattick himself suggests: "No different from totalitarian states, direct organs of power in democratic states pose a threat to the powerful, however limited their goals may be.8 Threats to the economic order will undoubtedly trigger repression that will go beyond the level of violence that the military and police have already used in recent years against demonstrators in Athens, striking public employees in South Africa, students in London and other cities [...]" (135).

Nevertheless, this basically traditional Marxist formulation suggests that certain subjects would actually have a determining influence over production and its contents. The functional logic of the dynamics of valorization cannot be traced back to the determination of the will of subjects, which does not mean, however, that nobody could be held responsible for anything, because the imperatives of capitalism have to be mediated through the subjects so that they can (or rather must) act in accordance with these imperatives. This does not mean, however, that people are the subject of the capitalist system as a whole. This is where a subject- and ideology-critical level of critique would come in, but this is missing from Mattick (apart from an ideology critique of economics and various historical perspectives).

But it would not be enough to simply appropriate them: it is the productive (or rather destructive) legacies of capitalism and, in particular, the business management form of their implementation that are to be criticized and, consequently, not simply to be seen in a positive light. It would be a waste of effort to appropriate the capitalist 'productive forces' only to then simply continue to run them on one's own initiative (as can be observed in occupied factories9). If the mode of production is to be transformed, then the same applies to the content of production, which of course includes the abolition or scaling back of certain production contents, just think of the car industry.

Incidentally, this idea is not at all new as a basic concept. The anarchist Erich Mühsam, for example, wrote in 1932: "The childish idea that the revolution will have accomplished the transition to socialism simply by workers occupying the factories and continuing to run them under their own management is as nonsensical as it is dangerous. [...] Under capitalist conditions, the facilities and organization of all types of factories are adapted exclusively to the profit calculations of the entrepreneurs. No consideration is given to the needs of the people, no consideration to the requirements of justice, reason, the lives and health of workers and consumers. [...] an economy that leaves many millions without work, literally starving, and at the same time burns important foodstuffs, dumps them in the sea, allows them to rot in barns or uses them as fertilizer, such an economy cannot simply be taken over and continued. It must be completely restructured."10

In times of 'failed states', appropriation occurs anyway, albeit in the sense of a plunder economy. That appropriation occurs, as understandable as it may be in the respective situation, can also mean that the appropriators see themselves as an ethnic gang, a racist human breeding association or a religious terrorist sect, etc., and consequently exclude other exclude other people from their means of production (or the remains of it) and thus continue the competition with other means; appropriation as a blood-drenched mode of redistribution in the "molecular civil war" (Enzensberger). As we have seen, Matticks's critique of capitalism is almost exclusively economic; the subjective element is left out. He does mention that people are quite capable of spontaneous solidarity in crisis situations, which gives us a little hope, but he does not further address the fact that they can also prove themselves to be just as capable of racism, sexism, anti-Semitism and anti-Gypsyism, not only in their heads but also as a realized act, as a celebrated and applauded pogrom. At the latest here, it would be a mistake to leave out the level of ideology and subject criticism when criticizing capitalism. Unfortunately, Mattick largely leaves it at the practical conclusions quoted above, without thinking about them further. An answer to Lenin's question may be more urgent today than ever, but it should not be demanded by shortening or even abandoning theoretical reflection.


Paul Mattick: Business as Usual - Crisis and Failure of Capitalism, Hamburg, Edition Nautilus 2012.

Paul Mattick Jr., born in 1944, the son of Paul Mattick (1904-1981), teaches philosophy at Adelphi University in New York.^

See also the interview that Paul Mattick gave to The Brooklyn Rail in 2011. A German translation of the interview can be found at kosmoprolet.org. ^

For an understanding of the incomprehension of capitalism in neoclassical economic theory, see Claus Peter Ortlieb: "Markt-Märchen - Zur Kritik der neoklassischen akademischen Volkswirtschaftslehre und ihres Gebrauchs mathematischer Modelle" (Market Myths - A Critique of Neoclassical Academic Economics and its Use of Mathematical Models), in EXIT! - Krise und Kritik der Warengesellschaft Nr. 1 (2001), 166-183. Online:https://exit-online.org/pdf/exit_komplett/exit1.pdf. Conventional economic theory usually considers itself to be "free of ideology" because it uses mathematics, which, given the obvious and historically powerful success in the natural sciences, is supposed to guarantee objectivity. However, it is more a case of a methodological misuse of mathematics, cf. Herbert Auinger: Mißbrauchte Mathematik - Zur Verwendung mathematischer Methoden in den Sozialwissenschaften, Frankfurt 1995. Cf. also: Knut Hüller: Kapital als Fiktion - Wie endloser Verteilungskampf die Profitrate senkt und ,Finanzkrisen? erzeugt, Hamburg 2015.^

See, for example, Robert Kurz: Geld ohne Wert - Grundrisse zu einer Transformation der Kritik der politischen Ökonomie, Berlin 2012 and Hartmut Apel: Verwandtschaft Gott und Geld - zur Organisation archaischer, ägyptischer und antiker Gesellschaft, Frankfurt 1982.^

Cf. Wolfgang Schivelbusch: Entfernte Verwandtschaft: Faschismus, Nationalsozialismus, New Deal. 1933-1939, Munich/Vienna 2005.^

At present (March 2016), US government debt, depending on the source, is between 19 and 20 trillion dollars. However, according to various economists, the national debt is much higher: if, for example, the constantly rising costs of social security are included, see http://deutsche-wirtschafts-nachrichten.de/2013/08/09/studie-deckt-auf-usa-haben-verdeckte-schulden-von-70-billionen-dollar/. ^

To be more precise, half of the population works in agriculture, 800 million Indians are considered poor, a third of the population is chronically malnourished, and 92% of the working population works in the informal sector without any insurance. Data in Dominik Müller: India - The World's Largest Democracy?, Berlin/Hamburg 2014. Malnutrition affects girls more than boys: It is quite common for boys in a poor family to get more to eat than girls, who are often never allowed to eat their fill. If they try to, they are beaten up, and if there is not enough food, they are left to starve (!), see Georg Blume/Christoph Hein: Indiens verdrängte Wahrheit - Streitschrift gegen ein unmenschliches System, Hamburg 2014.^

Even self-organized homeless food programs are being fought by the state, see the material on nationalhomeless.org. ^

When factories were occupied in Argentina, there was also a discussion there about material constraints and the expansion of night shifts, cf. "Occupied Factories in Argentina - Movement against Capital or Self-Management of Capitalist Misery?" in Wildcat No. 70 (2004). An occupation can also mean a continuation of competition by other means!^

Erich Mühsam: Befreiung der Gesellschaft vom Staat, Berlin 1975, 75. ^
__________________________________________________________

Surveillance and punishment – on democratic state terror in the age of neoliberalism
by Thomas Meyer
[This article posted in 2017 is translated from the German on the Internet, https://exit-online.org/textanz1.php?tabelle=aktuelles&index=38&posnr=864.]

In the patriarchal system of commodity production, the individual is only recognized to the extent that he or she can prove to be a productive labor force. The rights granted to him or her by the state are therefore only valid with reservations.
It must force itself into the form of bourgeois subjectivity in order to then be able to strive for its "happiness" as the "agent of abstract labor"1 (Robert Kurz); which, for the time being, means nothing more than having to sell oneself lock, stock and barrel. In this process, capitalist real categories such as money, goods and labor are regarded by bourgeois common sense as ontological determinations of human existence in general. At the latest, when these categories are called into question in practice, the much-vaunted bourgeois tolerance and plurality would reach its absolute limit and the subjects would clearly feel the force of the visible fist of the state (actually already clearly in purely system-immanent social struggles, as history and the present show2).

However, if the sale of one's own labor power does not succeed, the resulting social catastrophes are perceived as a "security problem" even by the most liberal constitutional state3. As Robert Kurz noted in the Black Book of Capitalism, the reaction against the poor and those who have fallen by the wayside in the third industrial revolution can only take the form of a war against the facts, only the form of a crusade ("The Last Crusade of Liberalism")4 .

As far as the war against social facts is concerned, the French sociologist Loïc Wacquant5 has analyzed the changes in criminal law and prison policy in recent decades, and the causes of these changes, in his book The Punishing of the Poor: Neoliberal Government of Social Insecurity. These changes are expressed above all in the ever-growing prison population6. Although this book was published several years ago and was also reviewed at the time, it is still worth reading, as Wacquant's findings are not obsolete in times of internal barriers and permanent states of emergency, but remain relevant and powerful. Wacquant primarily looks at the situation in the USA, but also addresses parallel developments in Europe at the end7.
From a state of charity to a prison state

At the beginning of the 21st century, about 700 people in every 100,000 in the USA were in prison, i.e. about 2 million in total. In 1975, the figure was just under 400,000.8 "Even in South Africa, at the end of the civil war against apartheid in 1993, with 369 prisoners per 100,000 inhabitants, there were half as many people behind bars as in the prosperous USA under President Clinton" (136, emphasis in org.).

What's more, the penal system is now the third largest (!) employer in the country. The neoliberal state also spares no expense when it comes to financing it. In Texas, for example, "the budget for the penal system was six times as high as the budget for the universities" (165ff.).

But not only is the prison population exorbitantly high, so too are the numbers of people under "criminal supervision", i.e. people "who have been sentenced to probation or released on probation after serving the majority of their sentence [...] Overall, the number of Americans under under criminal supervision increased by more than four and a half million within 20 years: it rose from 1.84 million in 1980 to [...] 6.47 million in 20009 [...]" (149, emphasis in original).

Their situation remains precarious; the probability that they will end up behind bars again is high. Furthermore, they are treated like pariahs, with a rigorous regime of measures and surveillance being imposed on them: "In addition to the introduction of 'intermediate sanctions' such as house arrest and 'boot camps' (re-education camps), 'intensive monitoring', daily (!) compulsory reporting to the police, community service and telephone and electronic surveillance, [...] the access of the American judiciary has also been considerably expanded thanks to the increasing number of criminal databases [...] . The result is that the various police authorities in the country [...] now have around 55 million 'criminal files' - compared to 35 million ten years ago - on around 30 million people, which is almost a third of the country's adult male population. Access to these databases is regulated in different ways. Some may only be viewed by the judicial authorities [...] . Others are not only accessible to state bureaucracies [...] and welfare authorities, but also - via the internet - to private individuals and private organizations. These 'criminal records? [...] are routinely used by employers, for example, to screen out job applicants with criminal records. And they don't care much that the information stored there is often wrong, outdated or irrelevant [...] Once they are in circulation, not only criminals and suspects come under the police's scrutiny, but also their families, friends, neighbors and neighborhoods." (150ff., emphasis in org.).

These measures are no longer intended to help these people to "re-socialize" (a term that is itself problematic). These people are to be kept under control so that as many as possible can be "caught" again (158).

Furthermore, in numerous states, these people are not only deprived of their right to vote during their time in prison, but in 13 states they are even deprived of it for life (!), so that "about 4.2 million Americans are excluded from exercising the so-called universal right to vote, including 1.4 million black men, which is 14% of African-American voters" (196)10.

As mentioned at the beginning, civil rights are only valid with reservations. The development outlined by Wacquant for the USA and Europe is a prime example of this11.

But how did it come about historically that the prison population increased more and more, even though the rate of violent crime either remained constant or even fell12? The rapid increase in the US prison population cannot be explained by an increase in violent crime; it is a consequence of the extension of prison sentences to a range of street crimes [...] for which no prison sentences were previously imposed, in particular minor drug offenses and behavior that is described as a misdemeanor or a public nuisance; and it is a consequence of the continuous increase in penalties13. From the mid-1970s [...] when the federal government declared its 'war on drugs', longer and longer prison sentences were increasingly being handed down across the board, regardless of whether the offenders were career criminals or occasional criminals, big-time criminals or small-time criminals, violent or non-violent offenders [...]' (142f., emphasis in org.).

Contrary to repeated conservative assertions, prisons are not filled with violent criminals, but predominantly with non-violent petty criminals (for drug offenses, for example), who mostly come from the lower classes of society. Wacquant emphasizes several times that the main concern here is to keep "the unruly 'street rabble'?" (148) under control. Moreover, the prison population today14 is predominantly (in terms of its share of the total population) of African American origin, whereas in 1950 it was still 70% white (207).

The reason for the rapid increase in the prison population, which mainly affects the poor,15 can also be found in the dismantling of the welfare state, or rather the "charity state", since the mid-1970s (68ff.). The resulting social upheavals were countered by building up the penal state; instead of "welfare", "workfare" and "prisonfare" were now the order of the day – with the familiar explanatory patterns that the poor are only poor or unemployed because of their dependence on social benefits and their "moral depravity" (70). In any case, the numerous reforms led to a new understanding of the state's relationship with the poor: "According to this understanding, the behavior of the destitute and dependent citizens must be strictly monitored and, if necessary, punished by means of rigorous control, deterrence and sanctioning protocols, not unlike those that are usually applied to offenders who are under criminal supervision. T[he] switch[ing] from the carrot to the stick, from voluntary programs that provide resources to mandatory programs that use fines, benefit cuts, and benefit withdrawal to ensure that these rules of behavior are followed, regardless of need, that is, to programs that treat the poor culturally , as criminals who violate the civil law of wage labor, this [turning] is intended to prevent the lower strata of the working class from claiming state resources on the one hand, and on the other to force their members to commit to conventional morality" (79, emphasis in org.).

A preliminary high point of such reforms was the one passed under Clinton in 1996: this "reform" did not really offer anything new in historical terms, "but rather a reissue of instruments that originated directly in the American colonial period, and this despite the fact that they had already proven ineffective in the past: namely the introduction of a sharp separation between the 'worthy' and the 'unworthy' poor, in order to force the latter into the inferior segments of the labor market and to induce them to 'improve' their supposedly deviant and questionable behavior, which was in any case seen as the cause of their continued poverty" (98). poor, in order to force the latter into the inferior segments of the labor market and to induce them to 'improve' their supposedly deviant and questionable behavior, which was in any case seen as the cause of their continuing poverty" (98).

The criminalization of poverty also took on new dimensions under Clinton: "The transformation of social assistance into a penal program extends even to its material and atmospheric context. There is a striking similarity between a post-reform social welfare office16 and a penal institution, even on the surface [...]. The compulsory activities designed to instill a work ethic in welfare recipients and the range of incentives [...] and, above all, punishments (escalating benefit cuts up to and including permanent withdrawal of eligibility) bear a suspicious resemblance to the intensive monitoring programs for those sentenced to probation or released on probation, or to other 'intermediate sanctions' - educational camps, community service, etc. And seminars like the 'work readiness workshops' [...] or the 'life skill trainings' [...] are strongly reminiscent of the empty resocialization courses for prison inmates. [...] Furthermore, if we disregard the fact that they are imprisoned, the conditions of employment of prisoners are, on closer inspection, not so very different from the poor working conditions that unskilled wage earners find outside after the 'welfare reform' (120, 194).

When the poor are treated like criminals, it is a sign that the former are being denied the status of a bourgeois subject and reduced to their "bare life" (Agamben). The state of emergency is imposed on them. As those who have fallen through the cracks, they are the object of control of the visible fist of the state, armed with clubs, guns and desk-bound perpetrators. They are thus practically turned into 'gypsies'; for their treatment is very similar to the treatment of the Sinti and Roma - who for centuries represented the antithesis of the civilized and industrious bourgeois philistine - in anti-gypsy racism17.

What still needs to be clarified, however, is why there has been a change in penal policy since the mid-1970s. Wacquant emphasizes at various points that at that time there was a "fragmentation of wage labor" (291), a "dismantling of the labor market" (80), and a "penetration of desocialized wage labor as a vector of social insecurity" (285, emphasis in org.). Phenomenologically, Wacquant takes note of the precarization of labor, but without any theoretical foundation.

The consequence of the economic upheavals since the 1970s was that, in particular, blacks who had found work in the Fordist industries became economically superfluous. For many, dealing in drugs then became the most important source of income18, hence the proclaimed war on drugs, since in this way poverty could be made invisible by the economically superfluous disappearing behind bars. As Wacquant aptly writes, "prison is [a] repository for unwanted black bodies" (68).

For Wacquant, however, the economy is not the only reason for the growth in the prison population, as it does not explain the obvious racism; after all, black people are disproportionately affected19. As a result of the black civil rights movement, which also received support from parts of the white middle class, the black ghettos in the cities were broken up and social advancement seemed possible. However, when Martin Luther King began to attack not only civil rights inequality but also social inequality between blacks and whites, white support began to wane. According to Wacquant, the dismantling of the welfare state (which many blacks had relied on) should be seen as an attempt to re-establish an exclusionary racism after the success of the civil rights movement (205ff.). The accompanying policy of locking people up turned prisons into "legal ghettos" (214).
The perverts to the pillory!

However, the black and the poor are not the only ones to fall under the yoke of the new penal regime. The hysteria and the vindictiveness that the bourgeois desire for harmony (of a Protestant nature) turns into are clearly evident in another main target group of this regime: the (alleged!20 ) sex offenders.

Wacquant writes: "People who have been suspected or convicted of a sexual offense have, of course, long been the object of intense fear and harsh sanctions, because in a puritanical culture21 that is in the stranglehold of taboos that until recently declared contraception, adultery adultery, sex games (such as oral and anal intercourse) even between married couples, as well as such banal autoerotic practices as looking at pornographic magazines [...] were declared crimes, not to mention mixed-race marriages, they are subject to a particularly vicious stigma."

The hysteria surrounding sex offenders is nothing new. The current hysteria has various historical predecessors: for example, in the years 1890-1914, "sexual 'perversions' were identified for the first time and singled out (!) for eugenic measures22 [...], and in the years 1936-57, when it was believed that hordes of 'sexual psychopaths' were roaming the country in search of innocent victims [and] were ready to strike behind every corner", the current hysteria, fueled by the culture industry, was anticipated (219).

Here too, the "legislative activities" of the penal regime have nothing to do with the actual "statistical development of these offenses". In the 1990s, for example, a whole series of laws were passed that were summarized for the sake of simplicity as "Megan's Law"23. These include measures that can only be described as totalitarian. In Louisiana, for example, an ex-sex offender is "responsible for notifying his landlord, neighbors, and the principals of neighboring schools and public parks in writing of his status, under penalty of a year in prison [...] Furthermore, the law allows 'all forms of public notice' including press releases, signs, flyers, and bumper stickers on the sex offender's car. Courts can even require that a convicted (ex-)offender wear a certain clothing (!) that indicates his legal status, similar to the star or the yellow linen cap (!!) that Jews had to wear in the medieval cities of princes" (226).

Of course, ex-sex offenders are recorded in databases that are made publicly accessible (and are available on CD-ROM). It goes without saying that these databases are constantly growing; for example, in 1998, every 150th male adult in California was registered. However, these "data, which no one bothers to check, turn out to be wrong in many cases [...] What's more, Megan's CD-ROM does not give the dates of the offenses - which can go back as far as 1944 - nor the fact that many of these offenses have long since ceased to be punishable [...]" (229).

In addition, numerous states have passed a "two strikes" law, according to which recidivist sex offenders are automatically sentenced to life in prison and can be forced to undergo chemical castration (!) (225). The highly effective psychotherapeutic methods for sex offenders have also been massively reduced (240). Even after a prison sentence has been served in full, a permanent (!) forced psychiatric admission may still be ordered, which is no different from a high-security wing (solitary confinement, etc.). It is sufficient for a person to be considered dangerous (!) on the basis of a "psychological abnormality" (244).

In addition, the media sensationalize individual incidents involving sex offenders to such an extent that the middle-class idiot gets the impression that there is a corresponding 'epidemic'. In this way, a certain image of the sex offender is conveyed: The sex offender remains deviant and dangerous, nobody talks about possible rehabilitation and the sentences imposed are too lenient anyway (220ff.). A lynch mob is not far away. But if it then becomes known that a sex offender has moved in, it may happen that he has to be relocated because of the bourgeois-Protestant lynch mob, which is why "the California Department of Corrections is considering creating a kind of 'legal reservation' in one of the California deserts (!) where they could relocate paroled sex offenders who are rejected by the population" (232)24 .

It should be emphasized that anyone who has committed or is alleged to have committed a corresponding offense is categorized as a "sex offender," with all the consequences that this implies25.

The treatment of those who have fallen through the cracks in the USA is a prime example of the war of neoliberalism against social facts. The state of emergency potentially hangs over everyone. This is increasingly becoming the norm and is being extended to more and more people. Accordingly, the democratic state stick is being armed. State terror is becoming a program that promises law and order. The state has always used the stick and the lock-up as its ultimate weapon – and this applies to Western democracies in particular – but the difference from earlier times may be that today's penal regime, with its surveillance measures, no longer sets itself any limits (and probably can no longer do so). Wacquant writes: "In February 1999, the Virginia state legislature was already debating a bill that would make the complete list of all individuals, adults and minors, with a criminal record, freely available on the internet, even for minor traffic violations and violations of registration and reporting laws. Panoptic punishment in the USA is entering a glorious era." (245, emphasis in org.).

When the crisis-ridden bourgeois state, with its struggle against reality, with its practice of punishment and surveillance, fails to achieve any success and a bourgeois paradise of virtue does not materialize, it reacts only by further intensifying its practice of terror, which escalates ever further into paranoid delusion. The world, which is becoming more and more chaotic, remains misunderstood by the bourgeois fanatic of punishment, and in his lack of accountability he enacts measures and decrees that, although they promise to save "security" and "freedom", increasingly turn society as a whole into a prison and thus make every freedom and security a farce.

Loïc Wacquant: Punishing the Poor: Neoliberal Government of Social Insecurity, Opladen/Berlin/Toronto, Verlag Barbara Budrich, 2nd edition, 2013.
____________________________________________________________________________

Crisis beyond the bubble
Stagnation as a permanent state? Outlook for the global economy after the end of the globalized financial bubble economy
by Tomasz Konicz
[This article posted on 2/5/2024 is translated from the German on the Internet, https://exit-online.org/textanz1.php?tabelle=aktuelles&index=16&posnr=885,]

The speculative air is slowly escaping from the global exploitation machine - but so far hardly anyone seems to have noticed.
At the beginning of 2024, the World Bank warned of a "lost decade", as the first half of this decade was about to show the worst economic development in more than 30 years.1 Without a "major course correction", the 2020s will go down in history as a "decade of lost opportunities", concluded Indermit Gill, the World Bank's chief economist, when presenting the forecasts for the current year.

And according to the financial institution, the economic outlook is not exactly rosy. Global economic output is expected to grow by 2.4 percent this year, compared to 2.6 percent in 2023. If this economic forecast proves true, 2024 would be the third consecutive year in which economic growth was weaker than in the previous year. A clear global trend towards economic stagnation is emerging: the gross domestic product of industrialized countries is expected to fall from 1.5 percent last year to 1.2 percent in 2024. The eurozone, on the other hand, can hope for a slight economic recovery at a very low level: from 0.4 percent in 2023 to 0.7 percent this year.

Global trade growth is also expected to reach only half of the level seen before the outbreak of the pandemic, which – together with high interest rates – has contributed to the fact that annual economic output in developing countries has averaged only 3.9 percent in this decade. This is a full percentage point less than in the first decade of the 21st century. Developing countries need to achieve a much higher rate of growth in order to improve the social situation of wage earners – or even just to maintain it. The medium-term economic outlook is no better. As early as mid-2023, the International Monetary Fund (IMF) warned that the next five years would see below-average global growth.2
The end of the bubble economy

The crisis-driven stagnation that is spreading throughout the late capitalist world system will only become fully apparent from a historical perspective. As mentioned above, only the half-decade from 1990 to 1994 was characterized by a slightly worse economic development (on average just over two percent per year) than the first half of the current decade. However, the early 1990s were characterized by the collapse of the Soviet Union and Soviet state capitalism in Eastern Europe, which was accompanied by massive economic downturns, leading to the miserable global average values. Thus, the crisis shocks that began in 2020 (pandemic, war, supply bottlenecks) left similarly strong economic skid marks as the implosion of the Eastern Bloc.

Almost all other five-year periods between the late 1990s and 2019 – the eve of the pandemic and the war in Ukraine – saw much higher average global economic growth of just over three percent. The only exception is the period between 2005 and 2009, when the bursting of the real estate bubbles in the US and Europe (2007/08) led to a brief, sharp global economic crisis (2009), which was overcome from 2010 onwards by comprehensive economic stimulus measures and the expansionary monetary policy of the central banks.

This collapse in 2009, triggered by the bursting of the real estate bubbles, points to the downright bubble economy that the globalized world system has developed in the neoliberal age: from the dot-com bubble in the second half of the 1990s, when the internet boom led to a boom in high-tech stocks, to the bursting of the real estate bubbles in Europe and the USA in 2008,3 and to the large liquidity bubble that began to deflate in 2020 and was maintained by the expansive monetary policy and money printing of the central banks.4

And it was precisely these growing speculative bubbles that acted as the most important economic drivers in the era of globalization driven by the financial markets. The tendency towards stagnation in the 1920s, which is lamented by the World Bank, is due precisely to the collapse of this global bubble economy, which was based on a constantly growing mountain of debt. The inflation that central banks are combating with restrictive monetary policies has made it impossible for new bubbles to form after the crisis of 2020.
Chinese economic brake

The connection between the economy and the dynamics of speculation, which characterizes late capitalism as it suffocates on its own productivity,5 can currently be seen very clearly in Chinese state capitalism, where the bankrupt Evergrande Group, one of the country's largest construction investors, is facing liquidation - $3 00 billion dollars and millions of condominiums are at stake.6 The gigantic real estate bubble7 that China developed in the wake of the comprehensive state economic stimulus programs after 2008 brought the "workshop of the world" double-digit growth rates for years.

But now, despite all the delaying tactics of Beijing, the inevitable deflation of this real estate bubble is upon us8 – and it is already leaving a clear economic mark. According to the World Bank, China's economy is only expected to grow by 4.4 percent this year.9 This forecast is based on a best-case scenario in which an uncontrollable crash of the real estate market can be prevented.

But even a controlled devaluation and winding down of the overheated Chinese real estate sector will have serious economic repercussions. This applies not only to the export-dependent Federal Republic of Germany, but also and above all to many developing and emerging countries that are highly dependent on the People's Republic economically.10 China's debt-financed speculative boom was an important factor in the economic recovery after the major transatlantic real estate crash of 2008, but a similar constellation is no longer possible in the current crisis phase. On the contrary, China will contribute to the general trend of stagnation in the future.
Next crisis already "priced in"?

The spreading stagnation is the result of the partially successful fight against inflation by the central banks, which turned off the money tap for the large liquidity bubble, but in doing so maneuvered themselves into a monetary policy dead end, in which the goals of fighting inflation, stabilizing the financial markets and stimulating the economy are increasingly coming into conflict.11 This is particularly evident in the USA, which was able to defy the general stagnation in the centers of the world system in 2023 with economic growth of 2.5 percent. However, the World Bank is forecasting growth of only 1.6 percent for the United States this year, which is due to "the restrictive monetary policy" of the US Federal Reserve, according to Reuters.12

Fighting inflation usually comes at the cost of a cooling economy, as the World Bank's global economic review and outlook shows (the exception to this rule was the US in 2023). Added to this are the destabilizing consequences of the high-interest policy in the financial sphere. The increases in the key interest rates and the end of the central banks' asset purchase programs make the financial sector more susceptible to crises, as bonds, stock markets and real estate sectors can no longer be supplied with sufficient liquidity and/or credit to continue the boom – there is a risk of crashes, slumps and financial market shocks, as was the case in March 2023, when the slumps on the bond markets led to a banking crisis in the USA.13

The high-interest policy is thus like a balancing act on a knife edge, with the bloated financial sector and the global mountains of debt being the biggest risk factor.14 With the continued fight against stubborn inflation, the risk of further crises in the unstable financial sphere inevitably increases. In order to minimize the risk of further crises, the Fed signaled to the unstable markets in December 2023 that the first interest rate cuts would be imminent in 2024 if inflation continued to fall.15 In doing so, the central bankers triggered a short-term price fireworks on the stock markets, which simply anticipated the potential end of the high-interest policy in this bull market. The end of the restrictive monetary policy is thus already "priced in" in the price development on the stock markets - where the future is always traded - as it is called in stock market jargon.

But what happens if inflation does not move as quickly as expected towards the two percent mark, which the Fed has set as the target for its restrictive monetary policy? Then the monetary policymakers, who wanted to calm the markets with their comments, suddenly find themselves in a dilemma. At the end of January, the US Federal Reserve hinted that there would probably be no interest rate cut in March,16 after the US inflation rate in December was slightly higher than in the previous month (3.1 percent), at 3.4 percent.17 This reversal of monetary policy put an abrupt end to the fleeting boom on the markets, which saw sharp price losses.

In addition, cracks in the US banking sector were once again evident after the share price of the regional bank New York Community Bancorp fell by around 50 percent within two trading days.18 The bank, like other regional banks, is suffering from the high interest rate policy and the associated crisis in the commercial real estate sector in the US. The financial institution, which was actually considered a winner of the March 2023 crisis, now had to book around $552 million in loan loss provisions and report a loss of $185 million.19 A repeat of the March 2023 banking crisis triggered by the high interest rate policy seems possible. The collapse in the price of Bancorp shares is also due to the fact that regional banks in particular should benefit from the interest rate cuts by the Fed that have been "priced in".

The US central bankers have thus become hostages to their own policy: the sedative pill of December is turning into a monetary policy time bomb. The next crisis is therefore effectively "priced in", should the Fed not soon return to an expansive - and thus inflationary - monetary policy. This is most likely a fundamental contradiction that will characterize the capitalist crisis policy after the end of the neoliberal bubble economy: it is a balancing act that is ultimately doomed to failure, an attempt to square the circle in the systemic crisis in order to combine the fight against inflation with economic and financial stability.
__________________________________________________________

The center will not hold
By Tomasz Konicz / June 23, 2024
[This article posted on 6/23/2024 is translated from the German on the Internet, https://www.konicz.info/2024/06/23/das-zentrum-wird-nicht-halten/.]

The result of the European elections makes anti-fascism the central battleground in the full-blown systemic crisis. The first major test will take place in Essen at the end of June.

The center will continue to erode, the political center of late capitalist metropolitan societies will continue its fascist transformation. The extremist right will continue to gain momentum. These processes are the political expression of the insoluble systemic crisis in which capitalism finds itself. The economic and ecological agony of capital, in which the current functional elites must fail, is driving the masses of voters to fascism.

The whole secret of the success of the New Right and the rising tide of fascism is that there is no secret here. Everything is in the open. Fascism has no depth. It proliferates on the surface of crisis-ridden late capitalist societies. It thrives in the gutters of the internet, in social networks and in the opinion-forming culture industry, in talk shows, in the comment columns and in the editorials. The embarrassing arguments, the chatty tone and the common language with which bourgeois moderators fail in their postulated "unmasking" of AfD people in their pathetic talk shows,1 which achieve top viewing figures every time a fascist misanthrope is invited, make it clear that it is in fact the center of society that is talking to itself here.

Germany's new Nazis are not from outer space, they are a crisis product of the center of the Federal Republic of Germany. The Nazi is the middle class, the bourgeois, the German worker, whose ass is on the line in the unfolding systemic crisis of capital. There is no mystery here. The existing late capitalist ideology in the center of society, the tattered national identity, is being driven to barbaric extremes in reaction to the crisis. Neo-liberalism, with its social Darwinism and economic nationalism, provided the springboards that the new right used. It takes the neo-liberal pressure to compete to the extreme, both nationally and racially, by building up corresponding enemy images in response to ever new crises.

There is no ideological break between the capitalist center and fascism, which in its ideology only legitimizes the crisis logic of capital, which reacts to its socio-ecological utilization crisis by removing boundaries and driving its utilization compulsion to extremes. The veneer of civilization is now also peeling off in the centers, the barbaric core of capitalist socialization is emerging in the crisis. Fascism is the subjective bearer of this objective crisis tendency, which produces an extremism of the center that is so successful in its authoritarian revolt precisely because it does not want a break with the circumstances, because everything remains in the well-worn ideological track. In its agony, capitalism is falling back, as it were, to its barbaric original state, to the time of its "blood- and dirt-drenched" (Marx) enforcement in the early modern period – only now billions, not millions of human lives are at stake.

Auschwitz threatens to become a mere prelude to what is accumulating in terms of potential for destruction. Everything is in plain sight. The Mediterranean, the border desert between the USA and Mexico – they have long since become mass graves. Billions of people live in regions that will soon be uninhabitable. The crisis is driving the eroding late capitalist state monsters into a major war, into a nuclear exchange.

The recipe for success of fascism consists of personalizing the crisis in the victims of the crisis (the unemployed, southern Europeans during the euro crisis, refugees, etc.) and externalizing it. The crisis always comes from outside in the form of the victims of the crisis, who are branded as the cause of the crisis, via the German Leistungsgemeinschaft or Volksgemeinschaft, which is imagined as being without contradiction. By isolating and closing its borders, fascism wants to keep the crisis outside, beyond the national community. The world crisis of capital is to be "excluded" in a sense, since it has been personified in foreign groups (marginalized population groups, people with a migration background, Jews, minorities, etc.). In addition, there is a tendency to eliminate these ideological personifications of the crisis at home: with mass deportation and ultimately through extermination.

Fascism follows an evil internal capitalist logic of crisis: sometimes it is no longer necessary to actually believe in these ridiculous fascist enemy images, that crisis victims are also the cause of the crisis. The deal that fascism makes with the ordinary wage-earners is clear and understandable: without the foreign groups, there will still be enough for us even in the crisis. The usual "work for Germans first" sums up this logic of crisis, which can be extended to include everything else (housing, social benefits, health care, etc.). The whole bourgeois-liberal "anti-fascism", which has always argued with the economic necessity of immigration, is currently breaking down due to the logic of the crisis.

In the current pre-fascism, the New Right has largely achieved hegemony in the discourse, and fascism is already, to a certain extent, in power.2 Germany's democratic parties are rushing to cast the delusion of isolation into law, across the political spectrum. In some places, in the east, in Saxony and Thuringia, fascism – together with its national socialist Wagenknecht faction – can already hope for parliamentary majorities. It is a widespread liberal misunderstanding to believe that capitalist democracy is an effective dam against the rising tide of brown.

The democratic discourse in capitalism revolves around the irrational, fetishistic end in itself of boundless capital utilization, around the optimization of the infamous "economic growth" that must create as many jobs as possible. As soon as this framework of discourse, in which wage-earners discuss their own exploitation in an Orwellian manner, threatens to break down due to the crisis, the entire discourse tips over into extremes, its logic of self-subjugation to the increasingly crisis-driven constraints of the capital relation takes on a fascist character. The right-wing majorities, who in reaction to the crisis only want to work harder and longer, while they look for scapegoats full of hatred, set themselves up democratically all by themselves. That is why it is also easy for pre-fascism to make wage-earners ignore the ecological fallout from the crisis of capital out of fear of the economic consequences.3

In order to effectively combat fascism in the intensifying systemic crisis, mere militancy is not enough. It is crucial to take a proactive approach to the great lie of fascism: the crisis cannot be kept at bay at the borders, it cannot be "excluded" because it is located in the centers of late capitalist societies, in the escalating contradictions of capital. It is also immediately obvious that an endless compulsion to grow in a finite world must eventually lead to disaster. Everyone understands that. Fascism is thus a kind of death cult4 that seeks to maintain capitalism in its self-destructive drive by means of an authoritarian transformation. The objective tendency of capital to destroy the world coagulates into a subjective fascist death drive. This is the actual, unironic program of 21st century fascism, to which ever larger sections of the capitalist functional elite5 are succumbing: clinging to capitalism until death.

An effective anti-fascism must therefore address the capitalist system crisis, which is giving the fascist death cult a boost. Only in this respect could one speak of a radical anti-fascism that reveals the root of the crisis of fascism. The center does not want to hold, the late capitalist world system will break down due to its internal and external contradictions,6 precisely because the system transformation is inevitable. Fascism, in its lust for power, has long since understood this, speculating on the seizure of power in the wake of crises and also developing a corresponding structurally anti-Semitic crisis discourse.7 While fascists publicly fantasize about a return to the "good old days", they secretly prepare for the deportation and terror campaigns that will follow the great crash.

Anti-fascism must therefore not only address fascism as an outgrowth of the crisis of capital, it must also emphasize the necessity of an emancipatory system transformation that overcomes the capitalist regime of necessity. Precisely because it is inevitable – and because fascism represents the barbaric option of this inevitable and open-ended system transformation. The system crisis must be met with a search for system alternatives. This conscious transformational departure, carried out in a militant anti-fascist movement, would first take the wind out of the sails of fascism with its extremism of the center and its repeated muttering about the "decline of the West". Either a broad movement consciously dares to embark on a post-capitalist society, especially in the face of fascist crisis ideology – or the fascists will sooner or later take over the increasingly brutal internal capitalist crisis management.

The broad-based protests from June 28 to 30 against the AfD party conference in Essen offer some hope in this regard.8 In contrast to the wave of protests against the fascist mass deportation plans at the beginning of the year, which were carried by the crisis-related eroding liberal consensus, the anti-AfD alliance in Essen is open to different forms of protest, similar to the successful anti-fascist protests of the 1990s, which ranged from trade unions to autonomous groups. The aim here is not only to develop a variety of forms of protest, but also to incorporate a radical critique of fascism as a crisis ideology into the protests, which also actively addresses the obvious need for an emancipatory system transformation. Precisely because capital is breaking down and threatening to drag the process of civilization down with it, precisely because the center will not hold.

__________________________________________________________

Protectionist escalation
By Tomasz Konicz / June 21, 2024
[This article posted on 6/21/2024 is translated from the German on the Internet, https://www.konicz.info/2024/06/21/protektionistische-eskalation/.]

Export offensives and punitive tariffs – the US, China and the EU are heading for a trade war.

Here we go again: in mid-May, the US government launched the next round of trade disputes with China, which in some cases resulted in significant increases in punitive tariffs. Import duties on Chinese electric cars were increased from 25 percent to 100 percent, effectively closing the US market to manufacturers who are suffering from fierce competition in the People's Republic. In addition, there were higher import duties on Chinese solar cells, semiconductors, medical products and harbor cranes.

The US government is not only concerned with reducing the Chinese trade surplus. It seems to be continuing to pursue its strategy of so-called nearshoring, which aims to decouple China and establish regional production and supply chains.

In response to domestic economic trends, the new Chinese economic strategy is increasingly seeking an export-driven "green" economic model and is already encountering protectionist barriers in the form of nearshoring by the USA, especially in the automotive industry. According to Western estimates, Chinese carmakers, which produced around 30 million cars in 2023, have annual production capacities for 40 million – although around 25 million vehicles were sold in China last year.

The aim is to eliminate this underutilization through exports, which the US government is putting a stop to. According to a recently published study by the Kiel Institute for the World Economy, China has invested billions in subsidies for its export industry; the leading carmaker BYD alone received subsidies equivalent to 2.1 billion euros in 2022. In statements, Chinese government representatives said that "domestic policy considerations" had led the US government to take these protectionist measures during the election campaign. The Ministry of Commerce in Beijing said that it was reserving the right to take "decisive measures" to defend its own "rights and interests".

But the EU was also concerned about this development. We must be prepared for the consequences of this trade war," warned Dirk Jandura, President of the Federation of German Wholesale, Foreign Trade and Services (BGA), shortly after the new US tariffs were announced. If the People's Republic is no longer able to "sell its production surpluses sufficiently on the American market" – as has been the case to date within the framework of the Pacific deficit cycle – then the EU market and "producers based here" would come under increased pressure from the Chinese export industry.

Warning of a protectionist "spiral"

Nevertheless, the BGA president, a "convinced free trader", spoke out against "EU punitive tariffs", favoring temporary measures such as quotas. BMW CEO Oliver Zipse argued along similar lines, warning of a protectionist "spiral": "Tariffs lead to new tariffs." Ola Källenius, the CEO of Mercedes, went even further in his response: he said that the opposite approach should be taken and that "the tariffs that we have should be taken and reduced".

In fact, the EU member states are divided on the issue of protectionist measures against China. The German Chancellor Olaf Scholz – in line with the local automotive and export industry – pointed out that many European carmakers are successful in China and can sell "a great many vehicles" there. In addition, 50 percent of the vehicles imported from China are manufactured there by Western manufacturers – accordingly, German carmakers are also affected by the US tariffs.

In France and the EU Commission, on the other hand, higher trade barriers are advocated, which can be attributed not least to diverging economic interests. France's vehicle manufacturers play virtually no role in China, which is why President Emmanuel Macron is pushing for punitive tariffs, as any Chinese countermeasures are likely to have only a weak impact on the French economy. China has threatened, among other things, to impose punitive tariffs on French alcohol products. The threats from Beijing aimed at Germany, on the other hand, envisage tariffs of 25 percent on vehicles with large engines – such as those profitably produced by BMW and Mercedes. Added to this are German fears that China could cut off the supply of essential industrial raw materials such as rare earths, cobalt or graphite.

Further punitive tariffs on Chinese cars

Scholz seems to have already lost this power struggle in the EU, in which Commission President Ursula von der Leyen also favors higher trade barriers. On Wednesday, after the European elections, the EU Commission announced further punitive tariffs on Chinese cars, which are to be added to the existing tariff of ten percent.

The German leadership is also divided on this issue. Alongside Federal Minister for Economic Affairs Robert Habeck, who wants to protect the EU's "fair competitive conditions" against "dumping offers from outside", the Cologne-based Institut der Deutschen Wirtschaft (IW), which is close to employers, also called for moderate punitive measures against Chinese state capitalism, whereby the level of the tariffs could be based on "the level of China's competition-distorting subsidies" in line with the principles of the World Trade Organization.

This political and economic controversy over protectionist measures results from the economic dilemma in which not only the export-oriented German economic model finds itself after the exhaustion of the financial market-driven neoliberal globalization. There is no generally advantageous way out of this dilemma. Either the EU renounces tariffs and engages in a "bottomless and ultimately unaffordable subsidy race" with Chinese state capitalism, as the IW put it, or the EU introduces tariffs "in order to restore a level playing field". Free trade thus leads to financial disruption and ultimately to the very deindustrialization that the increasingly protectionist US is trying to reverse.

Tariffs lead to tariffs

If, on the other hand, the EU does actually introduce the announced tariffs, there is a risk of a full-blown global trade war – in other words, a protectionist escalation that would not only affect the German export industry in the medium term. Tariffs lead to tariffs, as all major economic areas are keen to protect their industrial base – which could ultimately lead to the collapse of globalization. Protecting domestic markets ultimately ruins foreign trade.

This impending reenactment of the crisis-exacerbating protectionism of the 1930s was decisively promoted by the recent inflation phase. This forced the central banks to adopt a restrictive monetary policy, which removed the monetary filling from the long-standing, large liquidity bubble. Since the financial markets can no longer provide credit-financed demand to industry by means of bubble formation – especially in China after the bursting of the real estate bubble there – the disastrous protectionist reflexes have set in, which are likely to result in the usual nationalist or even fascist consequences.

Ultimately, the protectionism of the 21st century, which is concentrated primarily on high-tech and "green" industries, thwarts the politically postulated goal of a rapid ecological transformation of the late capitalist economy. In order to build up its own "eco-industry" in the long term, even in the manifest climate crisis, tariffs are used to make the cheaper products of competitors more expensive. The protectionism of the US government is driving inflation, the FAZ complained in a commentary in mid-May. In fact, the tariffs are tax increases on imports that have to be paid by US consumers.

The US government has not only made Chinese electric cars more expensive, but solar cells have also been taxed at 50 percent. Even lithium-ion batteries are now subject to a 25 percent tariff. This slows down the mass application of these technologies – maintaining the recycling process has priority over ordinary climate protection, even in the manifest climate crisis.

______________________________________________________

Freedom for The Supply Chain

https://www.konicz.info/2024/06/22/freedom-for-the-supply-chain/.]

The German right wing liberal FDP has successfully sabotaged the European Supply Chain Law

Germany’s business associations have once again been able to assert their interests at the EU level. After lengthy negotiations, the EU’s Supply Chain Law, which was due to be voted on by the Council of the European Union on February 9, has been postponed. After Germany announced that it would not vote in favor of the legislation, several countries had doubts. As a result, a majority in favor of the legislation was no longer considered certain.

Link: https://exitinenglish.com/2024/06/06/freedom-for-the-supply-chain/

The directive, which had been in the pipeline for years and was intended to impose binding minimum civil standards on European companies when sourcing raw materials and manufacturing primary products outside of Europe, had already passed the European Council, the EU Commission and the European Parliament before it failed due to an objection from FDP ministers.

Germany’s abstention, which has the same effect as a rejection, is the result of a coalition dispute that erupted in January. FDP ministers Christian Lindner (finance) and Marco Buschmann (justice) opposed the new EU directive, saying it would be detrimental to the German economy. It would entail too much bureaucracy and legal uncertainty, which Germany could not afford in this time of economic weakness, the FDP leadership said.

The Liberals are thus in line with the German business associations, which are protesting “massively” against the EU directive, according to the Handelsblatt newspaper. Christoph Werner, CEO of the drugstore chain DM, even called the proposed legislation “intrusive” in an interview with N-TV.

Labor Minister Hubertus Heil (SPD) and Economics Minister Robert Habeck (Greens), who supported the EU law, had previously called on Federal Chancellor Olaf Scholz to make use of his authority to issue directives and put his foot down – in vain. Anton Hofreiter (Greens), chairman of the European Affairs Committee in the Bundestag, also called for this and warned of a loss of European prestige for Germany: “It is unacceptable that Germany repeatedly abstains from important European decisions at the last minute.” Scholz must prevent this from happening in the future, Hofreiter demanded.

On February 7, however, the FDP announced that it would also block a fully negotiated EU regulation on CO2 reduction targets for trucks and buses at the last minute, forcing the postponement of what had been considered a mere formality. However, previous German governments have also pursued similarly obstructive, interest-based policies. Under Chancellor Angela Merkel (CDU), for example, CO2 limits for cars were watered down for years to benefit the German auto industry.

Die Zeit expressed the opinion that the FDP’s approach was convenient for Chancellor Scholz, as the EU Supply Chain Law also went too far for him. Scholz could speculate that the liberal obstructionists would soften the EU directive to the point where it would come close to the corresponding German Supply Chain Act.

Germany already has a supply chain law that the German economy can live with very well. After all, if children are killed or entire regions are poisoned during the extraction of raw materials in a supply chain somewhere in the Global South, German law does not provide those affected with a basis for claiming compensation from German companies.

According to the FDP, the same should apply to the EU directive. Carl-Julius Cronenberg, SME spokesperson for the FDP parliamentary group, called in the Handelsblatt for a “safe harbor regulation” for the German economy that would significantly reduce civil liability of companies – making the EU Supply Chain Law as ineffective as the German Supply Chain Act.

The German Supply Chain Act, which came into force in 2023, requires companies with at least 3,000 employees and, as of this year, 1,000 employees to respect human rights and environmental standards, although these “due diligence obligations” have many gaps and loopholes – especially with regard to biodiversity and climate protection. However, the Federal Office of Economics and Export Control can impose fines on companies that generate billions in revenue if they fail to comply. Violations with a fine of at least 175,000 euros can even lead to exclusion from public contracts. Lindner told T-Online last week that he also wants to relax the German Supply Chain Act in the future.

Originally published in jungle world on 02/15/2024

No comments:

Post a Comment