[Marxism] On the brink of Armageddon

S. Artesian sartesian at earthlink.net
Sun Aug 10 10:26:27 MDT 2008


But this is not solely a question of the "rationality" of international 
capitalism and the competing components of its makeup.

If Russia cuts gas deliveries to the Ukraine, and the Ukraine then either 
destroys pipelines, or halts transshipment to Western Europe, to the economy 
of Germany which has already experience its sharpest drop in manufacturing 
orders in 15 years; if it halts deliveries to the Eurozone countries who 
have just seen, collectively, export orders fall by 7% in June, what then? 
Where will the bourgeoisie begin to apply pressure, including economic 
retaliation and military pressure-- against the Ukraine?  I bet not.

Once capitalism hits the downside of its peak and trough economy, and 
devaluation, debasement, destruction of assets is its order of the day, the 
most enlightened bankers, diplomats, generals cannot control the cascade of 
events. At a certain point "blowback" goes global.  I hope this isn't the 
point.

I wish I could say that this will all serve to drive back up the price of 
oil-- and no more.   I can't.





More information about the Marxism mailing list