Already in the 18th century, the British economists of nascent capitalism wondered about the durability of this system around David Ricardo. What was initially very profitable will eventually become commonplace and will no longer enrich its owner. Consumption could not forever justify mass production. Later, the socialists, around Karl Marx predicted the inevitable end of the capitalist system.
This system should have died in 1929, but to everyone’s surprise it survived. We are approaching a similar moment: production no longer brings in money, only finance does. Throughout the West, we see the standard of living of the mass of people falling, while the wealth of a few individuals soars. The system threatens once again to collapse and never to rise again. Can the supercapitalists still save their assets or will there be a random redistribution of wealth following a general confrontation?
The 1929 crisis and the survival of capitalism
When the crisis of 1929 hits the United States, the entire Western elite is convinced that the goose that lays the golden eggs is dead; that a new system had to be found immediately, or mankind would starve. It is particularly instructive to read the American and European press of the time to understand the anguish that gripped the West. Colossal fortunes had vanished in a day. Millions of workers were without work and knew not only misery, but often famine. The people revolted. The police fired live ammunition into the angry crowd. No one believed that capitalism could be reformed and reborn. Two new models are proposed: Stalinism and fascism.
Contrary to the image that we have of them a century later, everyone was then aware of the flaws in these ideologies, but the most important, most vital problem was to know who could best feed their population. There was no longer any right or left, just a general “save-it-can”. Benito Mussolini, who had been editor of Italy’s main socialist newspaper before World War I and then an agent for Britain’s MI5 during the war, became the leader of fascism, then seen as the ideology that would give bread to the working people. Joseph Stalin, who had been a Bolshevik during the Russian Revolution, liquidated almost all of his party’s delegates and renewed them to build the USSR, then considered the embodiment of modernity.
Neither of the two leaders was able to bring their model to fruition: in the end, the economists must always give way to the military. Weapons always have the last word. So it was the Second World War, the victory of the USSR and the Anglo-Saxons on one side, the fall of fascism on the other. It turns out that only the United States was not devastated by the war and that President Franklin Roosevelt, by organizing the banking sector, gave capitalism a second chance. The United States rebuilt Europe without crushing the working class lest it turn to the USSR.
The crisis after the disappearance of the USSR
However, when the USSR disappeared at the end of 1991, capitalism, deprived of a rival, rediscovered its old demons. Within a few years, the same causes produced the same effects, production began to decline in the United States and jobs were relocated to China. The middle class began its slow decline. Owners of American capital felt threatened. They tried several approaches to save their country and maintain the system.
– The first was to turn the US economy into an arms exporter and use the US armed forces to control raw materials and energy sources from the non-globalized part of the planet used by the rest of the world. It was this project, the adaptation to “financial capitalism” (if that oxymoron has any meaning), the Rumsfeld/Cebrowski doctrine , which led the US Deep State to stage the 9/11 attacks and endless war in the Greater Middle East. This episode gave capitalism a twenty-year respite, but the domestic consequences were disastrous for the middle classes.
– The second attempt was the limitation of international trade by Donald Trump and the return to American production. But he had declared war on the men of 9/11 and no one would let him try to save the United States.
– A third development has been considered. This would have meant abandoning Western populations and moving the few multi-billionaires to a robotic state from which they could direct their investments without fear. It is the Neom project that Prince Mohamed bin Salman started to build in the Saudi desert with the blessing of NATO. After a period of intense activity, work is now at a standstill.
– Donald Rumsfeld’s former team (including Dr Richard Hatchett  and Dr. Anthony Fauci ) decided to launch a fourth option during the Covid-19 pandemic. The idea is to continue and generalize in developed states what was initiated in 2001. The massive confinement of healthy populations has pushed states into debt. The use of teleworking has prepared the relocation of tens of millions of jobs. The health pass legalized a mass surveillance society.
Klaus Schwab and the Great Reset
It is in this context that the President of the Davos Forum, Klaus Schwab, published Covid-19: The Great Reset. It is not a program, but an analysis of the situation and a forecast of possible developments. This book was written for the members of the Forum and gives an idea of their lamentable intellectual level. The author uses clichés, quoting great authors and the abracadabratic figures of Neil Ferguson (Imperial College) .
In the 1970s and 1980s, Klaus Schwab was a director of Escher-Wyss (absorbed into Sulzer AG), which played an important role in apartheid South Africa’s atomic research program, a contribution that took place in violation of UN Security Council Resolution 418. He therefore has no morals and is not afraid of anything. Later, he created a circle of business leaders that became the World Economic Forum. This name change was made with the help of the Center International pour l’Entreprise Privée (CIPE); the business arm of the National Endowment for Democracy (NED/CIA). This is why he registered in 2016 with the Bilderberg group (NATO’s influential body) as an international civil servant, which he never officially was.
In his book, Klaus Schwab prepares his audience for an Orwellian society. He envisages everything and anything until the death of 40% of the world’s population by Covid-19. It does not offer anything concrete and does not seem to favor any option. We just understand that he and his audience will not decide anything, but they are ready to accept everything to keep their privileges.
We are clearly on the threshold of an immense upheaval which will sweep away all Western institutions. This cataclysm could be avoided in a simple way, by modifying the balance of remuneration between labor and capital. However, this solution is unlikely because it would mean the end of super fortunes.
With these facts in mind, the West-East rivalry is only superficial. Not only because Asians don’t think in terms of competition, but mostly because they see the West dying.
This is why Russia and China are slowly building their world, with no hope of integrating the West, which they see as a wounded predator. They don’t want to confront him, but reassure him, give him palliative care and support him without forcing him to commit suicide.
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