this post was submitted on 05 May 2025
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I think it's clear at this point he is trying to create the unstable market. A stable market isn't a good place to make a lot of money. The ups and downs are where money is made (and lost) in large amounts.
I agree; it's definitely some kind of extension of disaster capitalism. "Blood in the streets" is how you make money (if you're already rich) and the shock doctrine has also shown that it's how corporate power is minted and entrenched.
This sort of seems worse. Did you see this recent Klein article?
I had not seen it. I feel like we have a lot in common right now with the people who were living through the post WW2, cold war error, thinking the world was going to fall apart. These articles read like dystopian fiction, but it's really happening.
I think you're right. And it feels like a lot of what is impinging on peoples' consciousness in the West now has already happened elsewhere, for example the rise of free market oligarchy in Russia after the fall of the USSR, or the experiences of refugees at the hands of ICE and their ilk, or the endless genocides.