what do y’all think of this? It makes some good points and Micheal Hudson is probably not right, but I have one criticism to make. One of his arguments that the richest people are still industrial capitalists (because they started businesses that do stuff), not finance capitalists, but as Cory Doctorow points out, those companies are basically just rentiers at this point. Amazon makes most of its money hosting other businesses on their site, “Meta” makes most of its money hosting being a middleman connecting advertisers and unpaid content creators poorly. Thus, it seems at least the emperial core has increased rentierism. This doesn’t mean it’s not built on peripheral industry and that reindustrializing the west would benefit average people, but it does seem to be good news about the decline of empire. Other thoughts?
He does write good essays, idk what else. Have you read Actually Existing Fascism or “Brainwashing?”
Brainwashing is not good lol. It’s very oversimplified and what little value it does is the blatantly obvious insight that your small business owner uncle will not be persuaded by Twitter screenshots.
It has some interesting ideas, but it is probably overrated.