India says it has agreed with China to work urgently to achieve the withdrawal of tens of thousands of troops stationed along their disputed border in a long-running standoff.
The simple answer is that production of physical goods has been moved to China and other countries due to the dynamics of financial capitalism. These are the actual necessities that people need to live. You can’t abstract over this stuff because these are material things that need to be produced. And the abstractions we see resulting from all the sanctions and tariffs that US imposes are these proxies that exist to create compliance with the letter of the law. You get shell companies, intermediary countries, etc. Ultimately, the goods have to make their way from where they’re produced to the hands of the consumers in the west.
Yeah, but that’s not my question. The history is that we did abstract over this stuff for the last 50 years and postmodernism would indicate that it is in theory possible to continue to abstract ad infinitum because symbols. The curious thing is that the material reality is coming to bear now, which either means there is a deterministic end to the abstraction or there is a contingent end to the abstraction. If contingent, we should be able to point to another possible abstraction that was failed or to a failure to continue developing abstractions faster than material reality could come to bear. I think the financial sector continued creating abstractions at a pretty rapid clip, which seems to indicate that maybe there’s a deterministic end to the abstraction here. But also crypto is a failed abstraction and that could potentially point to a path towards further abstraction but execution was insufficiently thorough to prevent material conditions from breaking through.
I guess I am saying it’s not enough for me to understand the immediate causes and I’m looking for larger analysis which likely won’t arrive for another couple of decades (but I like speculating)
I’d argue that there’s a deterministic end to the abstractions- things can only go so far. With each series of sanctions on the world’s factory (China) and the majority of humanity, the forces in play to circumvent said sanctions only grow stronger (ie. the middlemen like Turkey, Hungary, Vietnam, India, Mexico, etc). Both economically, and in the very tangible sense that they are all happily industrializing thanks to the sanctions (thanks USA! 😂)- in other words, the sanctions are creating all sorts of little “Chinas” (if not generally anywhere near as based) which will act in their own interests, rather than being enslaved to the west.
Meanwhile, the sanctioned world (read: the majority of humanity) is developing, and in China and Russia’s case in particular- have developed, beyond the material conditions and contradictions of the west (which western sanctions and warmongering have helped further motivate, for instance in Russia’s case (once again, thanks USA for effectively neutering the oligarchs in Russia and pushing China fully to self-sufficiency in all fields 😂). And they’re engaging, more and more, with each other, and with third parties (non-western nations not party to western unilateral sanctions and other tyranny); in win-win mutual development, in building up the industries and markets of the global south… (thanks USA 😂😂😂).
And at this point, in regards to the sanctions on China and Russia- well, the west thinks they’re sanctioning China and Russia- and I suppose they are (to them it does hurt a bit, like an annoying mosquito or leech… which is what the west is). But these sanctions are, if anything, more so sanctions on the west themselves- on western consumers, and western industries- this is the result, not just of financialization and globalization, but of the contradiction that is the west’s dependency on extracting and consuming from the rest of the world to begin with (of which financialization and offshoring simply set everything into overdrive).
And so, with each sanction, not only does the west strengthen what is essentially the (unintentional) bloc of sanctioned nations (and of nations who are well aware that they could be next on the sanctions list- ie. everybody), and not only do they prove to the rest of the world yet again why the west is entirely unreliable and untrustworthy, but the west actually makes… their own industries, even less competitive than before (lmao 😂), both by making the west even less cost-effective (thanks to middlemen and tariffs, etc), but also by opening the door for further financialization and the enshittification of what production does exist, as western corporations, with their industries in retreat such that their monopolies are receding, capitalize on and encourage the creation of captive markets, while receiving more and more subsidies and yet cutting more and more corners to simply maximize their profits in the imperial cores…
The abstraction can only go on so far, and I’d argue we’re well at the end of it all. It will continue, up until things explode; but things are at a point where the only way to abstract further would require WW3- they would need to stop China and Russia’s internal development, destroy or suppress the development of the entire global south, and crack the whip on the middlemen countries (both in regards to their circumventing sanctions, and their own development resulting from it- ie. killing off the domestic capital of the middlemen 😂 such that there will only be- not even capitalists, just plain goons occupying the middlemen, open imperialism once again). There’s no space for (nor ability for) any meaningful carrot for the rest of the world, the development is too far gone 😄 , there’s only the stick- the healthy, vibrant jungle has grown back, and no-one save for the genocidal “gardeners” want the return of the “garden…”
I guess I’m not entirely following what specifically you’re referring to that we’ve abstracted. We’ve created all these sophisticated financial mechanism, but these are just arbitrary rules we create that are entirely decoupled from the material reality. When you cut through all that crap, it all comes down to supply and demand of physical goods. People want food, TVs, phones, stoves, and so on.
These have to be produced somewhere, then shipped and distributed to people who want them. No amount of financial games changes the fundamentals of the situation. The west having shipped out much of its industry to other countries, and having lost its educated workforce necessary to produce the goods it consumes has no choice but to continue importing these things from places like China. It’s not a problem that can be solved by abstractions.
What I’m pointing at is financial abstractions, for sure, but inclusive of things like currency (an abstraction for material goods), ending the gold standard (an abstraction for currency), fractional reserve lending (an abstraction for money supply), securities (an abstraction for property), derivatives (stacked abstractions for securities), etc. The logic of postmodernism is that symbols can represent symbols ad infinitum, which would indicate that the hegemon should have an additional layer of abstraction available that accounts for the contradictions emerging and obviates it, but it seems like there isn’t one readily available at this time and the contradictions are punching through the layers of abstraction.
It all comes down to material reality in the end though. The standard of living in the west didn’t result from all these financial abstractions. It was built on colonialism and exploitation of the Global South. What the financial abstractions did was mediate how these resources were distributed, ensuring that the oligarchs got the lion’s share of the plunder. However, the plundering itself is what the whole system is ultimately built on. Now that the empire is starting to lose control over the colonies, and it’s becoming challenged economically, and militarily, all of a sudden the house of cards is starting to crumble.
The simple answer is that production of physical goods has been moved to China and other countries due to the dynamics of financial capitalism. These are the actual necessities that people need to live. You can’t abstract over this stuff because these are material things that need to be produced. And the abstractions we see resulting from all the sanctions and tariffs that US imposes are these proxies that exist to create compliance with the letter of the law. You get shell companies, intermediary countries, etc. Ultimately, the goods have to make their way from where they’re produced to the hands of the consumers in the west.
Yeah, but that’s not my question. The history is that we did abstract over this stuff for the last 50 years and postmodernism would indicate that it is in theory possible to continue to abstract ad infinitum because symbols. The curious thing is that the material reality is coming to bear now, which either means there is a deterministic end to the abstraction or there is a contingent end to the abstraction. If contingent, we should be able to point to another possible abstraction that was failed or to a failure to continue developing abstractions faster than material reality could come to bear. I think the financial sector continued creating abstractions at a pretty rapid clip, which seems to indicate that maybe there’s a deterministic end to the abstraction here. But also crypto is a failed abstraction and that could potentially point to a path towards further abstraction but execution was insufficiently thorough to prevent material conditions from breaking through.
I guess I am saying it’s not enough for me to understand the immediate causes and I’m looking for larger analysis which likely won’t arrive for another couple of decades (but I like speculating)
I’d argue that there’s a deterministic end to the abstractions- things can only go so far. With each series of sanctions on the world’s factory (China) and the majority of humanity, the forces in play to circumvent said sanctions only grow stronger (ie. the middlemen like Turkey, Hungary, Vietnam, India, Mexico, etc). Both economically, and in the very tangible sense that they are all happily industrializing thanks to the sanctions (thanks USA! 😂)- in other words, the sanctions are creating all sorts of little “Chinas” (if not generally anywhere near as based) which will act in their own interests, rather than being enslaved to the west.
Meanwhile, the sanctioned world (read: the majority of humanity) is developing, and in China and Russia’s case in particular- have developed, beyond the material conditions and contradictions of the west (which western sanctions and warmongering have helped further motivate, for instance in Russia’s case (once again, thanks USA for effectively neutering the oligarchs in Russia and pushing China fully to self-sufficiency in all fields 😂). And they’re engaging, more and more, with each other, and with third parties (non-western nations not party to western unilateral sanctions and other tyranny); in win-win mutual development, in building up the industries and markets of the global south… (thanks USA 😂😂😂).
And at this point, in regards to the sanctions on China and Russia- well, the west thinks they’re sanctioning China and Russia- and I suppose they are (to them it does hurt a bit, like an annoying mosquito or leech… which is what the west is). But these sanctions are, if anything, more so sanctions on the west themselves- on western consumers, and western industries- this is the result, not just of financialization and globalization, but of the contradiction that is the west’s dependency on extracting and consuming from the rest of the world to begin with (of which financialization and offshoring simply set everything into overdrive).
And so, with each sanction, not only does the west strengthen what is essentially the (unintentional) bloc of sanctioned nations (and of nations who are well aware that they could be next on the sanctions list- ie. everybody), and not only do they prove to the rest of the world yet again why the west is entirely unreliable and untrustworthy, but the west actually makes… their own industries, even less competitive than before (lmao 😂), both by making the west even less cost-effective (thanks to middlemen and tariffs, etc), but also by opening the door for further financialization and the enshittification of what production does exist, as western corporations, with their industries in retreat such that their monopolies are receding, capitalize on and encourage the creation of captive markets, while receiving more and more subsidies and yet cutting more and more corners to simply maximize their profits in the imperial cores…
The abstraction can only go on so far, and I’d argue we’re well at the end of it all. It will continue, up until things explode; but things are at a point where the only way to abstract further would require WW3- they would need to stop China and Russia’s internal development, destroy or suppress the development of the entire global south, and crack the whip on the middlemen countries (both in regards to their circumventing sanctions, and their own development resulting from it- ie. killing off the domestic capital of the middlemen 😂 such that there will only be- not even capitalists, just plain goons occupying the middlemen, open imperialism once again). There’s no space for (nor ability for) any meaningful carrot for the rest of the world, the development is too far gone 😄 , there’s only the stick- the healthy, vibrant jungle has grown back, and no-one save for the genocidal “gardeners” want the return of the “garden…”
I guess I’m not entirely following what specifically you’re referring to that we’ve abstracted. We’ve created all these sophisticated financial mechanism, but these are just arbitrary rules we create that are entirely decoupled from the material reality. When you cut through all that crap, it all comes down to supply and demand of physical goods. People want food, TVs, phones, stoves, and so on.
These have to be produced somewhere, then shipped and distributed to people who want them. No amount of financial games changes the fundamentals of the situation. The west having shipped out much of its industry to other countries, and having lost its educated workforce necessary to produce the goods it consumes has no choice but to continue importing these things from places like China. It’s not a problem that can be solved by abstractions.
What I’m pointing at is financial abstractions, for sure, but inclusive of things like currency (an abstraction for material goods), ending the gold standard (an abstraction for currency), fractional reserve lending (an abstraction for money supply), securities (an abstraction for property), derivatives (stacked abstractions for securities), etc. The logic of postmodernism is that symbols can represent symbols ad infinitum, which would indicate that the hegemon should have an additional layer of abstraction available that accounts for the contradictions emerging and obviates it, but it seems like there isn’t one readily available at this time and the contradictions are punching through the layers of abstraction.
It all comes down to material reality in the end though. The standard of living in the west didn’t result from all these financial abstractions. It was built on colonialism and exploitation of the Global South. What the financial abstractions did was mediate how these resources were distributed, ensuring that the oligarchs got the lion’s share of the plunder. However, the plundering itself is what the whole system is ultimately built on. Now that the empire is starting to lose control over the colonies, and it’s becoming challenged economically, and militarily, all of a sudden the house of cards is starting to crumble.