Courtesy of Charles Hugh-Smith of OfTwoMinds
The dragon tail of Marx's end-game of overcapacity and finance capital is about to shred China's fantasy that the state can micro-manage both capitalism and financialization with no contradictions or consequences.
1. the predicted final crisis and implosion of capitalism did not occur2. the vaguely outlined post-capitalist incarnation of a stateless worker's paradise not only failed to materialize, but was used to justify destructive, murderous totalitarian regimes.
Picture via Pixabay.