Last Thursday (s.
https://twitter.com/BTnewsroom/status/1507749722794168331; or for the full live stream, s. ), @SevimDagdelen from #DieLinke has discussed with @RaniaKhalek & @EugenePuryear esp. the recently decided & billion-dollar rearmament of the German #Bundeswehr...
...as a result of the #RussianFederation's military invasion of #Ukraine, as officially justified by the #GermanFederalGovernment. A recommendable interview! Besides her opposition to such rearmament & the associated fundamental departure...
...from the so-called „#Entspannungspolitik“ established by #WillyBrand & #EgonBahr for #Germany's relationship with the #USSR (& also its territorially largest & politically strongest successor state in the form of the #RussianFederation),...
...she also vehemently criticized transatlantic warmongering, using the debate on the establishment of a #no_fly zone as an example. #Dağdelen's message includes: #DiplomacyFirst!
„#WandelDurchAnnäherung“ - #NoArmsRace - #LawNotWar - #EndAllWars!
„#WandelDurchAnnäherung“ - #NoArmsRace - #LawNotWar - #EndAllWars!
PS:
„#LeCapitalismePorteEnLuiLaGuerre“ (jaures.eu/ressources/de_…)!
Furthermore, #FabioVighi in his new essay begins to link & try to analyze „the war against Covid“ & the #Russo_UkrainianWar in certain assumptions & approaches, insofar as first states (s.
„#LeCapitalismePorteEnLuiLaGuerre“ (jaures.eu/ressources/de_…)!
Furthermore, #FabioVighi in his new essay begins to link & try to analyze „the war against Covid“ & the #Russo_UkrainianWar in certain assumptions & approaches, insofar as first states (s.
https://twitter.com/Philosoph_Salon/status/1503299787113865219):
Addendum:
To the more substantial conclusions of the contextual predecessors of the article mentioned in the above tweet, written by #FabioVighi (cardiff.ac.uk/people/view/16…) & published in mid-March 2022, in which #Vighi has most recently attempted,...
To the more substantial conclusions of the contextual predecessors of the article mentioned in the above tweet, written by #FabioVighi (cardiff.ac.uk/people/view/16…) & published in mid-March 2022, in which #Vighi has most recently attempted,...
...to examine the correlation of “[an almost seamless transition]“ from “the de-escalation of the war against #Covid [...] into the escalation of the [#war between #Ukraine and the #RussianFederation]“ within the framework of the #capitalist #worldsystem &...
...specifically for the so-called #WesternWorld, here below is a listing of certain descriptions, interpretations & conclusions in the form of excerpts from most of those earlier publications by #FabioVighi since 2020 (cf.
https://twitter.com/DominikSchrett1/status/1493872925950324741, here 1st-41st tweet).
Add#2 about #FabioVighi's latest essay – appeared on 30 Mai 2022 at #PhilosophicalSalon (thephilosophicalsalon.com) – about the status quo of the #politicaleconomy of #globalcapitalism within the #worldsystem & esp. in the so-called #WesternWorld (cf.
https://twitter.com/Philosoph_Salon/status/1531195014101061633):
“Like #Virus, the #Ukrainianwar screens us from the real horror of total #socialbreakdown via #debt & stock #marketcrash […] #Emergency addiction keeps the comatose body of #capitalism artificially alive” (s. thephilosophicalsalon.com/pause-for-thou…).
The following are edited excerpts from #FabioVighi's latest essay which try to give an insight into his substantive explanations & conclusions (cf. thephilosophicalsalon.com/pause-for-thou…):
-> #FabioVighi's essay starts as follows:
“The acceleration of the ‘#emergencyparadigm’ since 2020 has a simple yet widely disavowed purpose: to conceal socioeconomic #collapse. In today’s #metaverse, things are the opposite of what they seem.
“The acceleration of the ‘#emergencyparadigm’ since 2020 has a simple yet widely disavowed purpose: to conceal socioeconomic #collapse. In today’s #metaverse, things are the opposite of what they seem.
Inaugurating #Davos 2022, #IMF director #KristalinaGeorgieva blamed the #pandemic and #Putin for the ‘confluence of calamities’ […] #Davos itself is not a #conspiracy hub, but the mouthpiece of the [global capitalist strategic, add.] elites’ [(#SuzanneKeller), add.]...
...increasingly panicky reactions to unmanageable systemic contradictions. The #Davos crowd are now hiding behind lies like a bunch of nervous children.
While they continue to tell us that the coming slump is the effect of #global adversities that took the #world by surprise […], the opposite is true: the tanking #economy is the cause of these ‘misfortunes’.
What we are sold as external threats is in fact the #ideological #projection of the internal limit and ongoing decomposition of #capitalist #modernity. In systemic terms, #emergencyaddiction keeps the comatose body of #capitalism artificially alive.
Thus, the #enemy is no longer constructed to legitimise the expansion of [the neoliberal, add.] #Empire. Instead, it serves to conceal the #bankruptcy of our #debt-soaked #economy.”
-> It continues:
“Since the fall of the #BerlinWall, the deployment of #capital’s full potential, also known as #globalization, has gradually undermined capital’s own conditions of possibility.
“Since the fall of the #BerlinWall, the deployment of #capital’s full potential, also known as #globalization, has gradually undermined capital’s own conditions of possibility.
Eventually, the response to this implosive trajectory was the unleashing of #globalemergencies, which must be increasingly durable and supplemented by ever-larger injections of #fear, #chaos, and #propaganda.
We all remember how it all started at the turn of the millennium, with #AlQaeda, the ‘global #waronterror’, and #ColinPowell’s tiny vial of white powder.
This released the #Taliban, the #IslamicState, [the, add.] #Syria[n] [war, add.], the North Korean #missilecrisis, the #tradewar with #China, #Russiagate, and finally #COVID_19 – in a crescendo of emotions.
Now it appears that a #newColdWar is in the making, perhaps the mother of all #emergencies. The elementary #reason for this course of events is that the closer the system gets to collapse, the more it requires exogenous crises to distract and manipulate #populations,...
...while deferring its downfall and laying the ground for its #authoritarian changeover [...] The current grotesque overvaluation of all #riskassets (#stocks, #bonds and #property) suggests that...
...the [responsible capitalist strategic, add.] elites will continue to use their political playbook to buy more time and postpone the bursting of a #debt bubble they began to inflate years before #Covid and #Putin became favourite scapegoats.”
-> Subsequently:
“The guardians of the capitalist Grail have planned for us a perennial state of #fear in a desperate effort to delay the #currencydevaluationshock that has been brewing for decades.
“The guardians of the capitalist Grail have planned for us a perennial state of #fear in a desperate effort to delay the #currencydevaluationshock that has been brewing for decades.
While they do so by increasingly cynical methods, they seem to be the only ones who at least realize that such a shock would bring the #worldsystem to its knees.
This is why the #financialaristocracy are willing to do just about anything in their power to secure the prolongation of our moribund #economicmodel.
In doing so, they demonstrate a greater understanding of our condition than those who, in theory, should be better placed to assess it: the so-called post-#Marxist #intelligentsia together with the #postmodern #left in all its inconsequential iterations.
Regrettably, the ‘useful idiots’ on the [pseudo-, add.] #left have long betrayed their fundamental mandate to #critique #politicaleconomy, and are thus directly implicated in the unfolding #catastrophe.
Crucially, [the #technocrats at the helm of the Titanic] know what to most of us appears counterintuitive:
that the breakdown of our obsolete mode of #production can only be delayed through 1) A steady stream of #globalemergencies, 2) The controlled inflationary demolition of the increasingly unproductive #realeconomy, and 3) The authoritarian makeover of #liberaldemocracy.”
-> Furthermore:
“The sick theatre of the #Ukrainianwar, just like the wickedly hyped-up #Covid affair, is therefore a consequence of the elites’ panicked awareness that collapse is now overdue.
“The sick theatre of the #Ukrainianwar, just like the wickedly hyped-up #Covid affair, is therefore a consequence of the elites’ panicked awareness that collapse is now overdue.
In fact, today’s managers of ‘#crisiscapitalism’ know that a breakdown is necessary for a new #moneysystem to emerge.
Crucially, they also recognise that the breakdown must happen as the planned #demolition of the current model, which would allow them to retain and even strengthen their position of #power within the impending #neo_feudal #capitalist #normal.
Food and #energy rationing, #massimmiseration, #socialcredit, and #monetarycontrol via #digitalcurrency, have long been baked into the #capitalist pie of the future.
Arguably, this scenario is already part of our #collective #imagination, as we are being persuaded of its ineluctability due to force majeure.”
-> Moreover, #FabioVighi emphasizes:
“We have a free-falling #economy whose predicament is barely concealed by its #debt addiction and astronomical ‘#everything bubbles’. And there is the voyeuristic spectacle of daily #massacres,...
“We have a free-falling #economy whose predicament is barely concealed by its #debt addiction and astronomical ‘#everything bubbles’. And there is the voyeuristic spectacle of daily #massacres,...
...intentionally deprived of any meaningful sociohistorical context and fuelled by one-sided propaganda […] The #war serves […] not to defend #Ukraine but to prolong the #conflict and nourish #inflation in a bid to defuse cataclysmic risk in the #debtmarket,...
...which would spread like wildfire across the whole #financialsector […] While the ‘assisted suicide’ of the #realeconomy via negative #supplyshocks exacerbates consumer #price #inflation, the latter provides temporary relief to the mega #debtbubble, thus postponing the crash.”
-> The previously formulated contextualizes for the #politicaleconomy perspective:
“The primary concern of #monetarypolicy in the recent past has been the stabilization of #debt, which reduces the risk of an event that would nuke the #economy and our #societies with it […]
“The primary concern of #monetarypolicy in the recent past has been the stabilization of #debt, which reduces the risk of an event that would nuke the #economy and our #societies with it […]
The sad truth is that ‘#Putin’s #war’ (like the ‘#waronCovid’) delays the popping of the ‘#everythingbubble’, which is why #Ukraine is sacrificed to the altar of a protracted massacre for #freedom and #democracy.
The real aim is not to help #Ukrainians (nor, for that matter, to destroy #Russia) but to exorcise the recurring nightmare of the ‘#Lehmanshock’, which today would plunge us into chaos, wiping out the thin veneer of monetary affluence that prevents us from staring into the abyss.
The bottom line is that mouse-clicked instant #liquidity is the only object that matters to the #debt_basedfinancialindustry […] New #QEs, perhaps with a different name, could soon be announced,...
...though they might require the nudge of a controlled accident, serious enough to guarantee immediate #printing action.”
-> #FabioVighi preliminarily concludes:
“The bottom line is that if #CentralBank #monetary injections were to end, a rapid increase in key #interestrates would threaten a #marketcrash, with defaults across the #globe.
“The bottom line is that if #CentralBank #monetary injections were to end, a rapid increase in key #interestrates would threaten a #marketcrash, with defaults across the #globe.
So, either everyone plays according to the script, or the whole show is cancelled, and the system with it. Today we are already seeing the effect of the #Fed’s recent 0.5 rate hike on the #US #realestatemarket. #Interest hikes have pushed up mortgage #rates [...].”
-> Then at the end of the essay, #FabioVighi finishes as follows:
“In all likelihood, the #debt & #stock #marketcrisis will continue to be delayed. The grand finale – a biblical #crash beyond our wildest imagination,...
“In all likelihood, the #debt & #stock #marketcrisis will continue to be delayed. The grand finale – a biblical #crash beyond our wildest imagination,...
...ignited by the explosion of the debt market hyper-bubble – is currently being postponed through the inflationary thumping of the real #economy. This means that the ‘#miseryindex’ (combination of #inflation and #unemployment rate) will grow even further.
#CentralBanks can tame inflation only in words: they know that any tightening of #monetarypolicy is hostage to the opposite necessity to continue to monetise public and private #debt, which means creating #money out of nowhere.
In a certain sense, then, we are heading back to the prehistory of #capitalism, once again dealing with the problem of ‘#moneywithoutvalue’. We have almost come full circle.
However, the debasement of the #moneymedium today presents itself as the catastrophe of the ‘#worksociety’, the system of abstract #labour mediated by the #market.
Current bio- and geopolitical #violence (#Virus, #war, and other #globalemergencies to come) is an integral moment of this self-destructive trajectory; a deliberate attempt to manage #implosion by authoritarian means.
We only have one real choice: either we begin to #emancipate from the #commodity, #value, and #money forms, and thus from the #capitalform as such, or we will be dragged into a #newdarkage of #violence and #regression.”
(#FabioVighi: Pause for #Thought: #Money without #Value in a Rapidly Disintegrating #World. thephilosophicalsalon.com/pause-for-thou…. 30 May 2022)
https://twitter.com/Philosoph_Salon/status/1531195014101061633
A different, but very profound perspective – complete text (like its predecessors!) highly worth reading (cf. thephilosophicalsalon.com/pause-for-thou…
)!
)!
“‘#emergencyparadigm’” #metaverse #worldeconomy “#conspiracyhub” “#globaladversities” “#ideologicalprojection” #capitalistmodernity “#emergencyaddiction” #capitalism “#debt_soakedeconomy” #globalization #capital “#globalemergencies” #Propaganda
“‘#globalwaronterror’” #COVID_19 #newcoldwar “#authoritarianchangeover” “#debtbubble” “#currencydevaluationshock” “#financialaristocracy” “#post_Marxistintelligentsia” “#postmodernleft” #left #critique #politicaleconomy #production #realeconomy
#liberaldemocracy #Ukrainianwar “‘#crisiscapitalism’” #neo_feudal “#capitalist_normal” #socialcredit “#monetarycontrolviadigitalcurrency” “#collectiveimagination” “#debtaddiction” “‘#everythingbubbles’” #inflation #debtmarket
“‘#assistedsuicide’” #supplyshocks #crash #monetarypolicy #debt “‘#waronCovid’” #freedom “#debt_basedfinancialindustry” #quantitativeeasing #CentralBank “#monetaryinjections” #interestrates “‘#miseryindex’” “‘#moneywithoutvalue’” “‘#worksociety’”
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