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One theory I've heard about the accelerating of the worsening conditions of western proletariat is that the USSR used to provide a bulwark against things getting too bad. People would point at the USSR and the illusion that capitalism was better for individual prosperity would collapse in comparison. Then, with the USSR gone things have been deteriorating for the past ~30 years.
If that is true, even somewhat, why haven't we seen a similar effect from China's example? Is the theory simply wrong? Maybe western capitalism is just unable to even offer scraps from the table at this point. Maybe people are unaware of how things are in China? Could we dare to expect that China's example will force a lifting of the boot from our necks?
one thing i havent seen mentioned is that the capitalists can't afford to. read this twitter thread to understand what i mean: https://twitter.com/Grossmanite/status/1575240747456294912
edit: tldr, rate of profit continues to fall, debt is climbing, other economic indicators look terrible for the capitalist west. etc. capitalism cannot continue for much longer.
edit 2: for those without twitter
https://nitter.poast.org/Grossmanite/status/1575240747456294912
It's simply scientific! - Kwame Ture
i thought so too, glad im not alone!
is there a way to read this without a twitter account?
https://nitter.poast.org/Grossmanite/status/1575240747456294912
apparently there's still somehow a working nitter instance here you go
https://threadreaderapp.com/thread/1575240747456294912.html
unfortunately you wont be able to read any of the graphs