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America Is Deindustrializing Europe
(compactmag.com)
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this post was submitted on 11 Aug 2023
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finance capital knows no boundaries, therefore it is all a frontier to be captured
Brandon says we've got two new frontiers in the pipeline, so we have some definite tailwinds in the budget.
That's not even a characteristic of finance capital, but all Capital. The endless thirst for new markets and expansion possibilities. And in case where this isn't possible, cannibalization processes, forceful expansion starts.
I don't know if it's an intentional or accidental effect of Biden's reforms, but American capitalists aren't going to say no to the prospect of getting rid of European competition and getting the chance to fill in their old market share, supposed ally or not.