Sent on to me by a comrade: https://anticapital0.wordpress.com/landings/
<https://anticapital0.wordpress.com/> Landings 1. It’s almost too much to handle all at once, isn’t it? You get Modi, Erdogan, Netanyahu, little Marcos, Milei, Orban, Bukele; you get Meloni, dancing ever so gracefully jut so close to Ursula von der Leyen while Salvini swings with Putin. You get Le Pen. You get billionaires and pretend billionaires and you get sons of pretend billionaires, along with your disordinary two bit-coin crypto fascists bellowing about “free speech,” until the speech includes questions about certain financial arrangements. Capitalism, warts and all, is all warts. 2. You can’t, you wouldn’t, make this stuff up so believe it; it’s real, as real as the bombs raining down on Gaza and the missiles striking Ukraine. No better way to preserve the dictatorship of value than through debasing and devaluing human beings. 3. Meanwhile some of the agents serving at the behest of this claque of thugs and buffoons are worried how “soft” the landing of the capitalist economy will be? What’s-his-name Powell of the US Federal Reserve kneels by his bed, praying for a soft-landing. What’s-her-name Lagarde, herself a beneficiary of the softest of landings after being convicted of “negligence” for her actions as finance minister in the administration of then president Slick Nick Sarkozy, negligence that put €400 million of public money back into the wallet of Bernard Tapie, she wants a soft-landing. Kristalina Georgieva, managing-director of the dungeon of debt-servitude called the IMF, knows the importance of “presentation” and smiles broadly while expressing her confidence in the soft landing, while at the same time she carries on the long-standing anxious-arbitrage tradition at the IMF, worried about happens *after *the soft landing. 4. Ebrahim Raisi, late of Mashad, Iran, wanted a soft-landing, but you can’t always get what you want, right Kobe? Word to the wise, stay away from low-flying aircraft in hill country during fog. 5. But nobody wants a soft landing like Boeing wants a soft-landing. With doors and wheels falling off in-flight, Boeing is the perfect avatar for this decrepit capitalism that pretends to be both valuable and useful; a corporation, a “national champion,” *a mode of production, *that has so disassembled itself, so spun-off, down-sized, shrunk, sub-contracted its products, that it’s coming apart at its third-party, rivet-less, improperly laminated seams. 6. Some want hard landings. Netanyahu, for one, certainly doesn’t want anything to dampen the impact of the thousands of 2000 pound bombs, or the tens-of-thousands of high-explosive tank rounds raining down on the people of Gaza, soft-landings being counter-productive when murder is the tactic, terror is the strategy, and massacre is the program. 7. Putin doesn’t want a soft-landing In Ukraine. Neither does NATO. “No atheists in foxholes, no softies in trenches” proclaim the oligarchs, mercenaries, special operations groups and generals on both sides reading the same script. 8. The thing about landings is that soft or hard, somebody else, everybody else, absorbs the shock for the bourgeoisie*. Capital* as a mode embodied in and as the means of production of and as values, pushes all the world between the rockiest of hard places and the hardest of rocks in its search for a percentage. 9. Meanwhile what passes for a “left” these days can’t believe that the sociopaths in and out of government actually represents the bourgeoisie, a class supposedly too sophisticated, too experienced, too enlightened*, too rational, *to risk its *civil peace* on and with a Trump or the other purveyors of ….as if capital ever was a rational mode of production; as if the bourgeoisie’s sophistication extended beyond one or another variation of “find the bigger fool,” as if the bourgeoisie actually controlled rather than served the needs of capital. 10. There is no *class *of enlightened bourgeoisie. Private property won’t allow it. The expression, the transformation of time as and into value depends on *loss, ignorance *and *denial.* 11. So, where were we? We are at the place and time where and when, the perfect capitalist, the hero of his/her class, a class of sham/scam Übermenschen, embodies what the class as a class, always was, always is, always will be—the bunch of conniving, whining, serial bankrupters eager to slit everyone’s throat for a nickel while demanding reimbursement for the cost of the razor. 12. Intrinsic to capitalist accumulation, to the generation of value, is the liquidation of all previous value. Previous value, as opposed to personal wealth, is nothing but a source of constant frustration, frozen in space, suspended in time in and as part of physical objects. It requires the circulation of the whole to retrieve an increment of return. 13. Liquidity sooner or later requires devaluation of the means, and the methods of production. 14. Asset accumulation precipitates asset liquidation; all production becomes overproduction. For the most technically dense, “capital-heavy” enterprises to achieve a return on investment equal to an “average,” profit itself has to be “misappropriated,” misallocated through the pricing of commodities. 15. Inflation is one such method of “misallocation.” 16. So…while the petroleum industry complains about restrictions on production, exploration, development—“Oil and gas profits triple under Biden “ reports *Financial Times* (28 Feb 2024): “The country’s top 10 listed operators by value…are on track to have amassed combined net income of $313 billion in the first three years of the Biden administration, up from $112 billion during the same period under Donald Trump.” And “The collective capitalization of the group—compromising ExxonMobil, Chevron, ConocoPhillips, EOG, Pioneer Natural Resources, Occidental Petroleum, Hess, Devon Energy, Diamondback Energy, Coterra—jumped 132 percent over the period to more than $1.1 trillion compared to a 12 percent drop in Trump’s first three years.” 17. US daily production of petroleum reached a record 13.3 million barrels and natural gas output measured 105 billion cubic feet a day. 18. If capitalism were a rational system, you might think “Who needs Trump?” 19. If capitalism was driven by reason rather than exploitation, it would have to be a mode driven by need and use, not profit. Then production would not intrinsically become overproduction. The reactionary national-ism sweeping through advanced capitalism is the realization of irrationality—that production and profit cannot be sustained and must be converted into asset liquidation, the devaluation of all accumulated value and with that value, accumulated knowledge, accumulated standards, accumulated science. 20. While the war in Ukraine is fashioned as a crusade for Europe, it is a campaign simultaneously to weaken the EU as competitor to the US. The increased prices of petroleum and natural gas have “led to permanent demand destruction in the industrial sector, with many energy-intensive shops and factories.” (*Financial Times* 29 April 2024) “The chemical sector was hardest hit, with total production falling 23 percent between January and December 2022…according to the Columbia University Center on Global Energy Policy. The Center also found that there were sharp declines in iron, steel, paper, pulp, non-metallic minerals and the non-ferrous metals industries.” 21. Meanwhile in 2023, the US accounted for half of the EU’s imports of LNG, with imports of LNG from Russia also increasing. Overproduction continues, devaluation will overtake it. And soon. S.Artesian July 4, 2024 JAI -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. 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