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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

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

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https://www.allsurplus.com/

{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

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).

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.

An amount of something greater than that needed to ensure basic survival.

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.