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Alive

[W @YVan11231]

@michaelxpettis The international capitalist class is united against the international working class. These disputes will always be resolved in a way that ultimately harms the working class and benefits the capitalist class as a whole.

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@hexadecimallol @gen0m1cs Bro you're replying to a race realist. I don't think they care about misgendering

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@M3tr0politan @gen0m1cs Surely there's a middle ground between "abolish the current system" and "the US healthcare system is perfect and we shouldn't change it"?

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@liseman There is obviously institutional interest in preventing SRM (god knows why) and there are grifters ready to pander to this interest. I would not frame this as ignorance. It's always malice.

[W @YVan11231]

@greg_ip @michaelxpettis (3/3) capitalists in the West. It's the conflict between the necessity of bringing manf back, vs the costs of it (decreasing profitability which must be countered with subsidies from finance sector and household sector(unemployment, low wages causes fear of working class revolt))

[W @YVan11231]

@greg_ip @michaelxpettis (2/3) industrial capitalism became unprofitable due to TRPF (Marx) resulting. This problem has not disappeared. They plan to use AI to alleviate this somewhat, but it won't be enough and only exacerbate it in the long run. That is the reason there is disagreement between

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@Bluebearmonkey @michaelxpettis Both are true

[W @YVan11231]

@always_convex @michaelxpettis The tension here is between capitalists not wanting less profit and the same capitalists realizing not doing so will hurt future profitability. Capitalists are between a rock and a hard place. Their solution is war and even more exploitation.

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@always_convex @michaelxpettis Industrial capitalism became unprofitable due to TRPF (Marx) resulting in outsourcing. Bringing industry back would lower profitability of capital. People pretend to not understand that which is inconvenient to them.

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@michaelxpettis (3/2) Means further drop in rate of profit. If you look at history of recessions, it is always rate of profit that precedes it. Overproduction is consequence of declining profit rate, rather than cause.

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@michaelxpettis (2/2) sieze more of the "wage share" to increase the "profit share". It's not about greed. It's a structural aspect of capitalism. Also increasing wage share, means increasing production of low profit goods catered to mass market rather than high profit luxury goods (cont.)

[W @YVan11231]

@michaelxpettis (1/2) What is your opinion on Marxist theory of declining rate of profit as the cause of declining aggregate demand. As profit decreases? Aggregate demand falls because household share drops. But household share drops because declining profit rates means capitalist MUST (cont.)

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@kArthEEkYV @deepak_satya @AdityaRajKaul @jsaideepak @ShivAroor We are not responsible for the sins of our forefathers. If you disagree, then that means you yourself should be punished for whatever your ancestors did. Like if we found someone in your family tree commited murder, then we will arrest you.

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@jason_statham78 @Abhishe57194097 @AdityaRajKaul @ShivAroor Your hopes and dreams are not facts.

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@kArthEEkYV @AdityaRajKaul @jsaideepak @ShivAroor The crimes committed by people in the past is not the fault of present generations. This is basic logic. If you disagree, then you agree that you are going to war against us.

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@AnujSet02569374 @samtakapur @ThethirdInsight @AdityaRajKaul @ShivAroor Caste discrimination is not the fault of General students. General students shouldnt have to suffer for it. Let's be real, there is no moral or logical argument here, its about self interests. This problem can only be resolved with violence.

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@michaelxpettis The problem is that capitalism is a global system and no one really wants to rock the boat. It will take a severe economic crisis for countries to finally take real action. Maybe that's what Trump's plan is with the war.

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@tlanderso @michaelxpettis Gold is not fictitious capital in Marx, it's the money commodity.

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@tlanderso @michaelxpettis No what actually matters is profit, without which capitalism is impossible. Mercantilism is what you use to prevent profit from collapsing and selling out your countries assets to foreign capitalists.