the flip side of a trade deficit is that we have, you know, financial asset financing that's coming into the United States. Right? We have other countries who are investing in American assets. Right. So that is, you know, why you need a you know, the current account in the capital account have to balance out a current account deficit will mean a capital account surplus. Right?
for - investigate - flip side of trade deficit is financial surplus
Capital, as it exists as a core mediation of the economic process of capitalist social formations, is defined by the subsumption of productive activity as wage labor and by the production of an output and economic surplus that has a value-form. Let us examine in turn each of these determinations, in light of some recent contributions to the critique of capitalism as an economic process.
Kapitalismus hat zwei Haupteigenschaften: Die produktiven Tätigkeiten werden als Arbeit dem Kapital untergeordnet, sie sind „subsumiert“, und es wird ein Überschuss erzeugt, der eine Wertform hat (also in Arbeit und andere Überschüsse umgewandelt werden kann) [zotpressInText item="{46463:HV979M7C},27"] .
The stability and viability of such an accumulation regime then, the reproduction of the overall structure of exploitation, rests on the capacity to mobilize the social activity of subordinate classes not solely as surplus producers but also and crucially as surplus absorbers in what we can call, following the seminal work of Allan Schnaiberg, a treadmill of “overproduction validated by overconsumption.”
Die kapitalistische Akkumulation lässt sich nur dadurch aufrechterhalten, dass die beherrschten Klassen einerseits für die Produktion und andererseits für den Konsum mobilisiert werden. Hier hat Schnaibergs „Tradmill of Production“ eine Schlüsselrolle in Pineaults Argumentation [zotpressInText item="{46463:HV979M7C},37"] .
n the Marxian tradition, behind these forms, lies a fundamental social relation: the exploitation of wage labor which produces surplus value.36 The essence of capital is dual, on the one hand its existence implies the subsumption of productive activity as wage labor, and on the other hand emerges from the productive process of society a surplus that takes on a “value-form.”
Für Marx wird im Kapitalismus ein Überschuss durch Arbeit produziert; dieser Überschuss nimmt eine Wertform an. Entscheidend für den Kapitalismus ist, dass sich das Kapital den gesamten „ökonomischen Prozess“ einer Gesellschaft unterordnet [zotpressInText item="{46463:HV979M7C},16"] .
For a social ecology of capital, this language is as incomplete as Marx’s.
Pineault will eine Sprache entwickeln, in der sich über die soziale Ökologie des Kapitals sprechen lässt. Dabei bezieht er sich auf die ökologische Ökonomie Georgescu-Roegens und seiner Nachfolge, vor allem des Wiener Instituts für soziale Ökologie, und auf marxistische oder an Marx anschließende Theorien der Akkumulation und des sozialen Metabolismus [zotpressInText item="{46463:HV979M7C},17"] .
https://www.metalcabinetliquidators.com/ Rancho Cucamonga, CA<br /> James
VISIT OUR HUGE OFFICE FURNITURE WAREHOUSE! Take a virtual tour here: https://youtu.be/0Ez-eB-0u8w (copy and paste) Recycled Office Furnishings 10036 Freeman Avenue Santa Fe Springs, Ca. 90670 We accept Visa, MC, Amex, and debit cards! Mon - Fri: 9am to 5pm, Sat: 9am to 2pm Please call for Saturday hours on holiday weekends www.recycledofficefurnishings.com *alternate phone number: 562 777-2289*
https://orangecounty.craigslist.org/fud/d/santa-fe-springs-index-filing-cabinet/7515311169.html
the United States slipped from being a surplus country from having a surplus in its trade balance uh to having a deficit and kid was worried because he knew that historically speaking every Empire that went from being a surplus to a deficit economic entity started fading
for - 1968 - US went from trade surplus to trade deficit - this meant US would begin fading - this worried Kissinger - Yanis Varoufakis
for - Yanis Varoufakis - talk - in China - Geopolitics and the US dollar - adjacency - geopolitics - China and US - why did the US start a Cold War with China around 2014? - US switched from surplus to deficit country - Henry Kissinger's role - US needs to be hegemonic - to manage the deficit - and keep everyone exporting goods to the US
Summary - (see below)
adjacency - between - Yanis Varoufakis - China US cold war - the importance of the years 2014 - 2015 - Henry Kissinger - surplus economy to deficit economy - techno feudalism - cloud capital - cloudist - adjacency relationship - Yanis Varoufakis gives an insightful talk to Chinese officials about - the reason behind the US cold war with China, - how it is independent of which political party is in power, - eliminates many other reasons put forth - how's this single reason drives so much of geopolitics and US hegemony - why its continuation will destroy any chance of the global collaboration not required to prevent climate change disaster for our entire civilization - a strategy to change direction towards re-establishing healthy relationships between nation states that includes activating the social democrats within the United States - The key observation that explains the cold war with China, - An observation from a Henry Kissinger colleague replying to a solicitation for answers to a question Kissinger posed for his team - Kissinger realized that during his role in the US government, the US would soon switch from a country with a net surplus to ones with a net deficit, and this had existential consequences - No country has ever have a long term deficit and survived - Kissinger was fishing for solutions from his team - One team member suggested tripling the deficit but becoming the main currency for global trade - This is the plan that was adopted - The US went from a surplus country to a deficit around 2014-2015 - It forced the US to be hegemonic and control the entire global currency for trade - China threatens this with a new digital superhighway
between 1944 and 1971 the Americans had a surplus the money that they were making from the Surplus they were giving to Europe and Japan that was what's happening until up until 197 71 after that the Americans had a deficit which they used to suck into the United States the surplus of Germany of France of Japan and then China this is what kept capitalism alive
for - quote - American surplus monetary flows kept capitalism alive til now - Yanis Varoufakis
quote - American surplus monetary flows kept capitalism alive til now - Yanis Varoufakis - (see below) - Between 1944 and 1971 the Americans had a surplus - The money that they were making from the Surplus they were giving to Europe and Japan that was what's happening until up until 1971 -After that, the Americans had a deficit, - which they used to suck into the United States the surplus: - of Germany - of France - of Japan and then - of China - This is what kept capitalism alive
1:04:44 Debt mirrors in NATURE as the seeds, plants, trees, flowers, roots, soil, water, nutrients, pollinators, worms, rock and minerals - WE ARE IN DEBT TO NATURE - NATURE GIVES US SURPLUS
39:59 DEFICIT is a word designed to shock and frighten
Goal to generate surplus – organisations which define sustainability based merely on recovering costs are brittle and stagnant. It is not enough to merely survive, it has to be able to adapt and change. To weather economic, social and technological volatility, they need financial resources beyond immediate operating costs.
{Surplus}
Feinmann, J. (2021). How the world is (not) handling surplus doses and expiring vaccines. BMJ, 374, n2062. https://doi.org/10.1136/bmj.n2062
‘Covid: UK Sends Nine Million Vaccines to Vulnerable Countries’. BBC News, 28 July 2021, sec. UK Politics. https://www.bbc.com/news/uk-politics-58004934.
August 6, S. G. •, & 2020. (2020, August 6). Sweatpants Forever: How the Fashion Industry Collapsed. The New York Times. https://www.nytimes.com/interactive/2020/08/06/magazine/fashion-sweatpants.html
One of these semiotizing processes is the extraction, interpretation and reintegration of web data from and into human subjectivities.
Machine automation becomes another “subjectivity” or “agentivity”—an influential one, because it is the one filtering and pushing content to humans.
The means of this automated subjectivity is feeding data capitalism: more content, more interaction, more behavioral data produced by the users—data which is then captured (“dispossessed”), extracted, and transformed into prediction services, which render human behavior predictable, and therefore monetizable (Shoshana Zuboff, The Age of Surviellance Capitalism, 2019).
One way to look at this is that when a new powerful medium of expression comes along that was not enough in our genes to be part of traditional cultures, it is something we need to learn how to get fluent with and use. Without the special learning, the new media will be mostly used to automate the old forms of thought. This will also have effects, especially if the new media is more efficient at what the old did: this can result in gluts, that act like legal drugs (as indeed are the industrial revolution’s ability to create sugar and fat, it can also overproduce stories, news, status, and new ways for oral discourse.
This surplus value costs the capitalis,t ··nothing, and is a tangible symbol of the exploitation of wage-earners
Surplus is an excess of production, but in the modes of production, it does not cost property owner anything to have surplus because property owner only pays for a flat rate for the cost of labor.
wo. Because such peoples only produceenoughtoallowthemtoexistatsubsistencelevel,everyonehas to work. There is no surplus propert
An amount of something greater than that needed to ensure basic survival.
Surplus
Goes in hand with the notion that the core of capitalism is exploitation. The output produced by a worker is greater than the actual price of the workers salary. The difference between the value generated and what is paid out is the surplus which is then consummed by the bourgousie or owners /capitalists.