The specter of an economic crisis, not a cyclical crisis but clearly a structural crisis, is looming around the world. Everyone agrees this will inevitably happen. Only our Western partners and their theorists have consistently believed this shadow would fall somewhere else, to the peripheral or semi-peripheral regions. Europe definitely anticipated the crisis would hit Asia. How many people even wrote about the Chinese financial bubble six months ago! And the whole problem is that this shadow is now looming over North America, the center of financial and investment capitalism, which should have remained intact under any circumstance.
Most interestingly, a chain is only as strong as its weakest link, and can break inadvertently in the course of a major strike, disruption in logistics or a minor break in the movement of goods. It can all happen accidentally. In fact, the Great Depression followed an absolutely random set of circumstances. It was caused by a huge accident.
In this sense, from a pathologically political perspective, it will be very interesting to see whether the individual or the institution will prevail. We have been told all along that defects by individuals in the world are compensated at the expense of institutions. And to a certain extent, this was true. But looking at the current state of the Western world, we see crises involving personalities and institutions, and institutions prevail. Despite all the controversy in the same U.S. of the Depression, they are edging toward neo-McCarthyism. In fact, I think the one who wins in America will be the first one who supports neo-McCarthyism. They may be liberal, or they may be a Donald Trump conservative. Whoever is the first to head in this direction will win serious and long-term power in America. It’s not worth trying to help them save face.
I would like to draw your attention to two things that have surprised me a great deal lately. The first is an admission published by Ivan Krastev, the brains behind George Soros, that capitalism as it exists today won’t survive without a war. Capitalism needs war.
This is the first time a Soros ideologist has said this outright about capitalism. I love it when they start saying what they’re thinking. Importantly, they want war where and when it is profitable. We need to make sure that the crisis surrounding capitalism will manifest in a war where we will at least be safe.
Secondly, pay attention to how the West has become increasingly less successful in manipulating information. It used to almost always work out. I’m talking about the very ambiguous reporting of Deutsche Welle — Russia Today. I wouldn’t call it a major win, though, because Deutsche Welle is considered obscene even by Western media standards.
You can see how they fail to understand the story about a Russian invasion for a second time. How did it work out the first time? Do you remember what happened last fall? Everyone believed back then that war was imminent. Nothing happened; meanwhile, virtual reality technology has taken over. Europe is unable to form a consensus, and this situation takes hold all the time. It used to work. In this sense, we must think of the efforts at information totalitarianism in the collective West not only as threat to us, but as an opportunity. Where totalitarianism rises, dissidents, alternative points of view and partisan information movements also rise. And I think we have something to work with there.