...
Wont work. You cannot store infinite labour surplus value in a finite value store. Capitalism (the globalisation of capital) is marked by the rise of fiat currencies whereas mercantilsm (parochial trade) utilised this particular form of value store due to its rudimentary capital exchange mechanisms. The Chinese like all exporters are dependant on capital as are all the world's nations.
The Chinese leadership know this having read Marx's Capital and are either setting up goldbugs for a major rip off or someone has their wires crossed.
Quoting: Marxist Communist or not, the one with the gold calls the tune.
The proles are at the mercy of the elites, and elites are all the same, narcissists and sociopaths that tolerate no equality with others
Yes. But you cannot accumulate the infinite value that is arising in the finite store gold represents and eventually, raging inflation would render China's export model a moot point. In other words., for no reason other than crass stupidity, all the fat cats who are feeding of the goose of globalised capitalism will shoot themselves in the foot.
Capitalists internationally are dependent on one another. American investors on the investments in China, the Chinese on Western discount shoppers, the Arabs on continued purchase of their oil, why even the likes of Rupert Murdoch and Fox on the continued sale of bogus nationalism whilst they marry into Chinese, Muslims, Russian, Indian and other significant elites in their bid to network for liquidity.
These aren't psychopaths incidentally,. Why, if tomorrow YOU found yourself the owner of a sizeable amount of money, you would very quickly devolve to this globalist behaviour.
The system has its own inner logic. No amount of fumbling around in search of bogeymen will help you. You need to use your grey matter and reason your way through its dynamics.
The reality is far more stark than all the stupid conspiracy nonsense.
first and foremost nobody is counting anything to infinity, but nice try.
When it comes to economics, the public always serves, and the political commisars live like pashas, No communist leader lived any less than a king for any lenght of time.
The managers and enforcers of the peoples property always live well indeed, no different from any other elite capitalists.
Call me when some communist leader lives in a cold water flat with the proles, eats and dresses the same and follows a mule to work.
It never happened and it never will, communism is no less a ponzi scheme than any other form of mass population control
Lets leave the analysis of collectivised economics aside and look at capital and how accumulation works.
In older times when owners of the means of production had yet to exhaust their national base in terms of costs and market access, capital was rudimentary and did not use as many mechanisms of derived value nor was there much of a need to access labour surplus value in low wage zones. Nor was inventory exchange on a JIT basis.
In other words, growth was limited to local constraints and functioned quite effectively within those constraints making a limited value store such as gold viable and in fact very necessary in these early days of capital's birth when trust had to be fostered.
However, the impetus for free trade accellerated as the owners of the means of production found the costs of local labour uncompetititive and thus they struck deals with foreign elites of all colours, even bogus communists such as the Chinese for access to their markets.
Also, JIT inventory rose to the fore and thus annual accumulation essentially rose to the highpoint of unlimited potential.
In this context, gold would never work. Nor is there a need to return to mercantilism (not that we are capable of so doing) as, despite appearances, global capitalism is very much alive.
Of course, petite bourgeoisie such as yourself will foam at the mouth in impotent fury. However, you have no power flailing around in little clusters or as lunatic loners.
United, workers can change the world. Divided, they are as good as eunuchs.
However, any thoughts that global capitalism is about to collapse will be disappointed. I can guarantee that.
