The Looting Machine

The Free Market Propaganda

Morning Comrades.

There has been a lot of talk among the Capitalists lately, as well as their respective mouthpieces about the holiness of the Free Market and it prompted me to write this. I know, economics is a bone dry subject, I get it, and I’ll do my best to not bore anyone here. It does nevertheless amuse me that most marxist academics, or rather, academics that study along the lines of furthering marxist theory, spend huge amounts of time figuring our capitalist economics, and rightly so. The sheer amount of time I spent alone on sourcing economic data from post-Tito Yugoslavia was mind numbing, but it helped. Not so much to understand the ponzi scheme that is capitalism per se but more so to understand the root mechanics behind their power.

Yet, this isn’t what this dispatch is about in a grander scale. What prompted this little detour rather was a piece of news that came out earlier in the week, in regards to the US ( and hence EU ) economic and thus foreign policy, specifically about imposing tariffs on China, again. For anyone interested, I am referring to this specific interview with Treasury Secretary Yellen, as well as the regurgitated nonsense from Mama Nazi Von Der Leyen a few days later. The interviewer asks her: "[Regarding China's] overcapacity in advanced products, electric vehicles, batteries, all of those things. Is it possible we’re just being outcompeted by the Chinese in those fields?" Yellen replies "Well, we don’t think the playing field is level." Which essentially means "yes we're being outcompeted but the Chinese don't play fair"... She goes on to explain that it's because "China is massively subsidizing investment in this set of industries". Which by the way has been repeatedly debunked like here in this Bloomberg article: To which the interviewer replies: "Subsidizing more than we are with our investments in the CHIPS Act and the infrastructure and all that? Because we’re pouring billions — you are pouring billions in." And there Yellen admits "yes, we’re very explicitly subsidizing investments in these important strategic areas." The VERY thing she's complaining the Chinese are doing!!!

In any case and to cut to the chase, the idea of the so-called Free Market, on which goons like Yellen and VDL base their bullshit on is a myth, a powerful myth to justify the exploitation of the world by the West. It is powerful piece of propaganda that we are going to dismantle.

The more you know and all that.