Value is objective in supply.
Vale is subjective in demand.
Value is intersubjective in price.
That's the Lafayette Law of Value. Thank you.
|You're viewing talkpolitics|
Create a Dreamwidth Account Learn More
If nothing else all this shows that the Fukuyama Thesis is not only dead but that the corpse of same has decayed into ashes like a staked vampire. ISIS has started the crumbling of the Westphalian concept of the state whether or not it collapses this year or in the next three. Its survival matters less than it legitimizing the non-Westphalian state by routing 30,000 Iraqi soldiers with 800 fighters at the Battle of Mosul.
And together with that, the Russians have overthrown the notions of collective security and re-established rules that powers other than the USA can unilaterally act according to 19th Century Great Power logic again. History is not dead, it just took a break while the USA grasped an illusion of power, and now the wheel of history is in motion again as a ravenous juggernaut seeking whom it can crush as the world's climate ratchets upward with precious little as a viable means to really stop or slow it down in a way that matters.