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Thursday 23 April 2015

The Internationalisation of the Final Factor of Production

Jeff Sparrow

As usual, Jeff Sparrow contributes entertaining insight.

We are witnessing the final spurt to the Keynesian/Capitalist utopia where all material needs and many wants are available and accessible to everyone.

Financial capital has been moving across borders for centuries leading to the creation of multinational conglomerates of capital, which even threaten to displace nation/states as the ultimate source of sovereignty.

In the centuries-long conflict between human and financial capital the human element is now expressing itself in the demographic pressure across the edges of nations. Land borders are not defendable and sea borders lead to this sort of thing.

This is the beginning of a transition to world government and the Keynesian capitalist utopia.

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