“Sanders could be interpreted as a rationalizer of the American social and economic state apparatus who wants to prevent the social fracture and exclusion of millions from gratuitously deepening.
-
Show this thread
-
But in order to understand what makes social spending, so far despised by the US bourgeoisie, come back to the core of the discourse, one has to go to the fundamental turn in industrial policy that he proposes:
1 reply 0 retweets 5 likesShow this thread -
the "Green New Deal", estimated at 16 trillion dollars. The US-style green pact would mean, just like its European counterpart, a massive transfer of labor income to capital, mediated by the state and aimed at promoting a new cycle of accumulation by renewing the entire
2 replies 1 retweet 8 likesShow this thread -
Replying to @fractioncommie
how would the GND transfer labor income to capital
1 reply 0 retweets 0 likes -
Replying to @Jargoeauxgne
By renewing the productive-apparatus with new “green” constant capital, reshuffling the cards in favor of capital against labor (raising the threshold for the capacity of capital to squeeze increased value from the labor-force)
2 replies 0 retweets 0 likes -
Replying to @fractioncommie
It's a big stimulus plan: direct govt spending on inputs and labor. Reserve army of unemployed disappears and the labor market functions on a zero unemployment basis. That's the diametric opposite of a transfer from labor to capital, what the hell are you talking about.
1 reply 0 retweets 0 likes -
Replying to @Jargoeauxgne
The spending on the labor market doesn’t mean the money actually goes to labor, it’s spent on labor so that increased profit is squeezed from labor to capital
1 reply 0 retweets 1 like
Ergo, in order to transfer capital income to labor, enact an austerity policy while flexibilizing labor markets.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.