[Marxism] Fwd: Re: [lbo-talk] Behind the News: Heightened Intra-capitalist Conflict under Secular Stagnation

Ralph Johansen mdriscollrj at charter.net
Fri Jan 6 17:36:19 MST 2017


Louis Proyect wrote

Louis Proyect wrote

On 1/6/17 3:10 PM, Ralph Johansen via Marxism wrote:

    One faction wants to provoke a crisis with Russia to provide a pretext
    for expanded military spending (e.g. Boeing and Lockheed Martin) while
    the other wants to integrate Russia into the global capitalist system
    more deeply to obtain its vast natural resources (e.g. ExxonMobil). This
    latter faction is also in alliance with the vulture capitalists (Mercer)
    and Wall Street investment banks (Goldman Sachs)



Okay, let me see if I understand this. Those ten thousand articles in 
Alternet, CommonDreams, Huffington Post, Counterpunch, ZNet, Salon, 
Truthdig and Truthout calling attention to the internecine ties between 
Goldman-Sachs and the Clinton campaign were wrong. In reality, 
Goldman-Sachs was part of a stealthy faction under the leadership of 
Breitbart.com that preferred Trump because he wanted to "integrate 
Russia into the global capitalist system".

I don't mind vulgar Marxism if there is at least a modicum of 
intelligence at work. This is pure drivel.
------------------------------------------------------------------------
That ain't quite the way I heard it, Lou.

David Martin leads off with, "The CIA is not a creature of the executive 
branch but of Wall Street and the corporatocracy, and, just like capital 
itself, it is rife with contradictions and conflicts."

Then he writes, "One faction wants to provoke a crisis with Russia to 
provide a pretext for expanded military spending (e.g. Boeing and 
Lockheed Martin) while the other wants to integrate Russia into the 
global capitalist system more deeply to obtain its vast natural 
resources (e.g. ExxonMobil). This latter faction is also in alliance 
with the vulture capitalists (Mercer) and Wall Street investment banks 
(Goldman Sachs) that profit from financial speculation and crises, but 
the volatility and the deflation from financial crises negatively affect 
the production planning and commodity realization for global commodity 
producers with a manufacturing base in China (e.g. Silicon Valley)."

I read the second part, the "also", as consistent with saying along with 
all the media you cite that Goldman Sachs, who "profit from financial 
speculation and crises,", Mercer (who combine management of "human 
capital' with mergers and acquisitions) and Wall Street, have their 
fingers in both pies and, whatever David Martin means, don't they? They 
may lean toward the likely power, in this election Hillary, but their 
advantage is that they always hedge their bets, and they manage to 
profit no matter which faction emerges.

And while Hillary, Schumer and all their Democrat friends are deep with 
Wall Street, "rife with contradictions and conflicts," Trump, who is all 
over the place hedging bets, has appointed a 
second-generation-in-the-family Goldman Sachs alumnus, Steve Mnuchin, as 
his Secretary of the Treasury, and as his chief counsel and strategist 
Stephen K. Bannon, also a Goldman Sachs alumnus; while his noise against 
Wall Street played well to his intended audience. And Trump, like the 
other players joined at the capitalist, imperialist and 
white-supremacist Deep State hip as Paul Street says, appears to be 
letting everyone know that he is now the guy in charge and they'd better 
get aboard before the train rolls.

That's how I understand it.


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