The Soviet Union of Capitalism

How The Last Two Capitalist Countries on Earth are Making a Suicide Pact

There’s a new Iron Curtain falling. Here’s a tiny observation. America and Britain are on the verge of forming something very much like the old Soviet Union. A new bloc, a global axis, an entity that follows its own paradigm, trades among itself, treats its citizens like dirt, enriches its elites…and shuts out the rest of the world.

Let me explain, beginning with America.

What got America to this point? It wasn’t al-Qaeda or ISIS or the commies. As it turns out, the thing that wrecked America was good ole’ home grown capitalism. Now, I catch flak for saying that, Americans get instantly defensive, because capitalism is to them what socialism was to Soviets: neither really understand their ruling ideologies well, which is the point of an ideology, really.

So let’s quickly cover with what capitalism isn’t. Contrary to popular belief, capitalism isn’t your local drycleaner or bar or bartender or the guy that polishes shoes at the train station. It’s not really small or even medium-sized business at all. Those guys aren’t capitalists — they’re barely eking out a living, weary, humble, average. Capitalism is Goldman Sachs throwing bailout money at hedge funds to build bots to trade Facebook shares with by the nanosecond…so there’s every more profit. More, more, more. Is your local bartender obsessively, ritually, fetishistically, single-mindedly concerned with maximizing profit at the expense of the planet, democracy, and the future? Does he only care about increasing his quarterly earnings, to meet profit targets set by Wall Street analysts? Is his stock publicly traded? Does he have a fiduciary duty to those shareholders? I didn’t think so. He’s not a capitalist. The capitalists, my friends, are the robber barons of American collapse…the average person trying to start something new and cool and interesting, or just making a meagre living from their passion, isn’t a capitalist, a soulless impersonal profit-maximizing entity, and they never will be. Do you see the difference? Please tell me you do, because it drives me a little crazy that Americans don’t know what capitalism actually is.

(Now, this is more like the European definition of capitalism, it’s true. The American one is more like “corporatism.” Call it what you want — let’s not get hung up on semantics. I’ll stick to capitalism not “corporatism”, because Europe has corporations too, but they’re not as insane and abusive as American ones.)

Phew. OK, let’s get to work now. What collapsed American life? Capitalism did, obviously. It can’t have been anything else, because there isn’t anything else. There’s no public healthcare, retirement, childcare, etcetera. Not surprisingly, deficits of all these very things, which are the basics of life, caused life to crater. Meanwhile, capitalists, who by now had lobbied to privatize all these industries and many more began to charge Americans an arm and a leg (literally, maybe) for things that were…free…in every other rich country. Insulin, visits to the doctor, retirement, parental leave.

Fast forward to today. The average American is effectively the weird paradox of a poor person in a rich country. The majority of Americans can’t afford food, housing, healthcare, and bills — hence, they just go deeper and deeper into debt…debt which they never pay off, hence the majority of Americans literally die in debt, too. Yes, really. Think about that for a second. What happens to nations that plunge into fresh poverty — where the middle class implodes? Fascism does. Hence, American fascism ignited at precisely the moment when Americans plunged into poverty: not a coincidence — cause and effect. And what caused the weird situation of American poverty — a new kind of poverty, poor people in a rich country — was capitalism: it ate through everything Americans had, in its quest for eternally rising profits, which meant that they were left broke, perpetually on the edge, unable to afford the very things they were often involved in producing. Again — that’s capitalism: it doesn’t care about paying you decently, it just cares about maximizing its own profits, getting as rich as possible, everything else be damned. But the inevitable result was a fascist meltdown.

Now look across the pond. There’s Britain. It’s the world’s second most capitalist country. If you understand all the above about America, what might you expect to happen to Britain? More or less the same thing — only less so, no? And that’s what did. Did you know that the only two countries in the world with the combination of falling life expectancy, flat incomes, and spiking poverty are…America and Britain? Apart from maybe North Korea and the Congo…but those are places that never were democracies at all.

So here we have these two countries — the Romeo and Juliet of modern collapse. Europeans live pretty good lives. Sure, times are tough, they are everywhere. But only in America and Britain did times get so tough that the extremists literally rose to the heights of power and controlled the destiny of nations. Europe fought them off in its most recent election, in fact.

So the Romeo and Juliet of collapsing countries — what are they doing? Well, they’ve made their choice. Their choice is capitalism. They’ve both rejected social democracy. Britain’s rejected the “democracy” part — it doesn’t want to be part of the EU, and America’s rejected the “social” part — it’s still so backwards it thinks socialism is some kind of horrible curse, not how people get working healthcare and college and retirement in the rest of the world.

So Romeo and Juliet have made a kind of suicide pact. They’ve decided to go all in on capitalism.

And that brings us to now. Trumps’s in Britain, trumpeting (sorry) a “trade deal.” What does all that really mean? Well, it means the following. Britain is effectively a strategic beggar on the global stage now, and it has to take what it can get. What America will demand is that American capitalism has access to all Britain’s remaining public goods. Britain never built a full social democracy, but it got further than America did: it has public healthcare, education to a degree, retirement of a kind, housing, and so forth. All of those will be “opened up” to American companies, which is to say, they’ll be sold to them, privatized. That means American capitalism will now be running what’s left of Britain’s public goods.

Imagine the NHS for a second. Who “owns” it? Nobody and everybody does, in fact. Local towns and cities, if you want to nitpick. But really — everybody and nobody. Now consider the fact that when it’s privatized, there will be a dude — an American “hedge fund manager”, which means some clueless Ivy League nitwit — or two who literally “owns” the NHS. And the BBC. And the retirement system. And the education system. Are you getting my drift? How rich will that dude, the guy that “owns” the healthcare system of a country, be? Obscenely, I think is a fair term to use. It’s the kind of thing we once associated with failed states.

Now think of how perfect that is for American capitalism. Why? Because it’s sucked Americans dry, that’s why. They literally have nothing left to give. Less than nothing. The majority die in debt — that’s how poor Americans are now. They never break even their whole lives long. Capitalism can’t take more from them, because they don’t have it. Nor does America have any real publics goods to cannibalize. Ah, but Britain does. Britain’s expansive public goods — though they’ve been underfunded for decades — are just what American capitalism needs to prey on.

Why? Because the crux of American capitalism is ever increasing profits. It’s bled America dry in its quest for those. But that game is done now, as Americans have plunged into lives of dire and ruinous poverty. So where to look? Britain is the perfect target. If you can’t increase profits forever…you’re not going to stay a capitalist for very long.

Do you see how perfect this setup is? American capitalism needs fresh meat to tear apart and feast on. There’s Britain, who’s rejected European social democracy, and chosen…capitalism. It’s not just a marriage made in hell — it’s a suicide pact.

Here’s what will happen — what’s already happening, in fact. America’s declaring trade war after trade war — China, India, Europe. Britain is too — thats what Brexit is. But they’re seeking succor in each others’ arms. They are building a new entity, a new bloc, a new kind of Soviet Union in a sense. A part of the world where these two countries basically trade only with each other, do business with each other, care for each other. Where these two countries will have intertwined their fates, and linked hands in a shared destiny.

That much is already happening because it’s more or less inevitable. Americans can’t ever question capitalism — and Brits rejected social democracy. So where does that leave them, except together, in a new Soviet Union of capitalism, whose Iron Curtains are already falling, to shut their people off from the rest of the world, whether Europe, China, or Mexico? What else is Brexit? Trump’s wall? The coming trade deal between them?

Now, if you’re a Brit, that means that your life is going to get worse. A lot worse. Fast. You’re going to live like an American. You’re going to eat American food, watch American TV, and get American healthcare and retirement and childcare. Oh wait, there isn’t any decent version of most of those things. You see my point, then. British livings standards will plummet to American levels — which are the lowest in the rich world by a very, very long way.

If you’re American, on the other hand…this also means that life will get worse, too. That’s because instead of learning from the better parts of Britain — the NHS, the BBC, the Royal Societies, the education system, and so forth — America’s basically intending to take a wrecking ball to them. That means capitalists will go on getting rich — imagine how rich the dude that ends up “owning” the NHS is going to be — and Americans will go on getting poorer and poorer. But worse, because this new union, only really trading with itself, thinking about itself, listening to itself…it’ll just stay stuck in a loop of collapse.

I know. A lot of you will probably whine reading this article — “that sounds outlandish!” Does it? You’re missing the point, completely. Britain’s rejected the EU. America’s rejected the EU, China, and Mexico. Both have rejected everyone else, in a kind of mass delusion, a hysterical tantrum of macho man tears. Who do they have left? Birds of a feather flock together, my friends, when it comes to political economy. Europe is a union of social democracies. So what else can the last two capitalist countries do but flock together, too?

The last two capitalist countries on earth have no one to turn to but each other. Reinforcing that, of course, is a healthy dose of entitled white supremacy, to be sure. But it’s political economy that drives it. How can a capitalist country have a union with a social democracy? A socialist one with a capitalist one? They can’t — impossible. These political economies are too different — which is why, for example, America and Canada never really joined hands in any real way. Hence, Britain and America, in choosing capitalism, have also chosen each other.

So there they are, the last two capitalist countries on earth. I don’t mean: “the last two countries where any capitalism exists” — I mean: “the last two countries on earth where capitalism is the dominant, monopolistic organizing principle of all life, thought, action.” They’re star-crossed lovers, America and Britain, the Romeo and Juliet of capitalism.

Capitalism is what led them to collapse. Collapse is what made them to turn to each other. And turning to each other kept them firmly capitalist. Choosing to stay capitalist in each others’ arms took away the chance to join the more prosperous, modern, social democratic world around them — Canada, Europe. But capitalism was the very compound whose overdose poisoned their systems to begin with. How could anything but more ruin come from overdosing together, all over again?