There are many reasons why this has been a very bad year for Western capitalists. Both the rate of inflation and the rise in interest rates are the highest they’ve been in 40 years. This year the S&P in Mordor has dropped 20%. We are in the midst of the collapse of crypto-currency and shadow banking has cast a long shadow. Lastly, the rise of labor militancy means capitalists can no longer get away with paying low wages. Capitalism is in big trouble.
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