Deindustrialization

Systemic Decay And The Economic Foundation Of American Fascism

June 12, 2025 Colin Jenkins, Orinoco Tribune. Strategize! American Fascism, Austerity, Deindustrialization, Fascism, Globalization, Karl Marx, Neoliberalism, US Empire, Vladimir Lenin, World War II

If you live in the United States and feel like everything is caving in around you, like you are being attacked and fleeced from every angle, like you can’t breathe, like you can’t ever seem to catch a break despite doing everything seemingly right, like you are on the verge of a mental-health crisis and/or homelessness, your feelings are justified. We are living in the middle of widespread societal breakdown. We are witnessing the erosion of an empire. We are experiencing the effects of a rotten system (capitalism) coming to its inevitable conclusion. Simply put, the capitalist class and their two political parties have run out of ways to steal from us. Because we have nothing left for them to take. So, the system is responding like a vampire who is unable to find the blood it needs to survive… erratic, rabid, frenzied, and increasingly desperate and violent, while frantically searching for new avenues of exploitation to keep it churning.

Can We Exit From A World Of Debt?

March 27, 2025 Vijay Prashad, People's Dispatch. Educate! Debt crisis, Deindustrialization, Dollarization, Global South

In the past two decades, the external debt of developing countries has quadrupled to USD 11.4 trillion (2023). It is important to understand that this money owed to foreign creditors is equivalent to 99% of the export earnings of the developing countries. This means that almost every dollar earned by the export of goods and services is a dollar owed to a foreign bank or bond holder. Countries of the Global South, therefore, are merely selling their goods and services to pay off debts incurred for development projects, collapsed commodity prices, public deficits, the COVID-19 pandemic, and the inflation due to the Ukraine war.

China Is ‘World’s Sole Manufacturing Superpower’, 35% Of Global Output

January 31, 2024 Ben Norton, Geopolitical Economy. Resistance Report China, Deindustrialization, Global Economy, Industrialization

China has overseen world-historic economic growth through a government-led development model, in which state-owned enterprises control the natural monopolies and “commanding heights” of the economy, state-owned banks give favorable loans to strategic industries, and the state’s robust industrial policy helps the country move up the value chain toward higher value-added forms of production. This model, which Beijing officially refers to as a socialist market economy, has been so successful that a prominent European think tank has acknowledged that “China is now the world’s sole manufacturing superpower”. In 2020, China made up a staggering 35% of global gross manufacturing production.

Russell Banks, John Brown And The American Soul

January 17, 2023 Chris Hedges, Scheer Post. Educate! Chris Hedges, Deindustrialization, Russell Banks, United States

The deep malaise that defines American society — the rage, despair and widespread feelings of betrayal and loss — is rarely captured and almost never explained in the pages of newspapers or on screens. To grasp what has happened to the United States, the savage economic and emotional cost of deindustrialization; the destruction of our democratic institutions; the Neolithic violence that sees us beset with almost daily mass shootings in malls, offices, schools and movie theaters; the rise of the militarized state; and the consolidation of national wealth by a tiny cabal of corrupt bankers and corporations, we must turn to our artists, poets and writers. Foremost among writers who explored our peculiar American zeitgeist was the novelist Russell Banks, who died on January 7th at the age of 82.

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