Like many sects on the isolated Marxist left, the World Socialist Web Site (WSWS), online organ of the US Socialist Equality Party, combines boilerplate revolutionary rhetoric with often sound analysis from an historical materialist perspective. It’s article lambasting the Biden administration’s ban on Chinese electric vehicles is a case in point. The preemptive ban is the latest manifestation of the steady turn towards protectionism of the older capitalist economies which is eroding working class real wages and thwarting the need to halt catastrophic climate change.
“Nothing could more clearly reveal the utter irrationality of the capitalist system”, writes Nick Beams, "than the fact that the production of cheaper goods in greater quantities, thereby increasing material wealth and advancing measures to deal with climate change, is a danger.” The “wider agenda”, he notes, is "the enhancement of American imperialism’s military capacities." "One of the main reasons US corporations have fallen behind is that profit accumulation has increasingly centered on parasitic financialization, often via massive share buybacks, rather than the development of the productive forces. The result is that America’s economic supremacy has been severely eroded, to which the imperialist state is responding in the area where it enjoys continued supremacy: the use of military means. "This is the significance of the focus on 'strategic sectors,' particularly computer technology, which is vital for the functioning and enhancement of the imperialist war machine. The economic war against China, pursued in combination with political and military provocations centering on Taiwan and the South China Sea, is being conducted with the claim that the tariff measures are needed to protect the interests of American workers.” Full: https://www.wsws.org/en/articles/2024/05/15/yokc-m15.html -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#30356): https://groups.io/g/marxmail/message/30356 Mute This Topic: https://groups.io/mt/106146595/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
