GenZedong

I'll copy-paste here a comment I made earlier (it's limited to the US situation, and I don't claim it's the definitive analysis):

Today you have on one side finance capital, the big oil companies like Exon Mobile, and “legacy” capitalists, all of whom sit in the highest halls of power. They are allied with the Democrats and the intelligence agencies. On the other you have low-level capitalists like Trump and Betsy DeVos, and the world of tech startups in Silicon valley. They are allied with the MAGA wing of the Republican Party, and what drives them is a kind of resentment about being controlled, regulated, and generally shut out from the upper echelons of political power. The Trumps and DeVoses of the world have obviously long been at the beck and call of upper-level capital in the US, but the tech companies are shut out as well: Silicon Valley was set up as a tech monopoly by the US government, and the newcomers on the scene have to play by rules which favor Google, Apple, and Microsoft. Trump and the tech startups are right now trying to throw off the yoke of finance capital and the oil companies. I do not expect them to succeed, and if they do it will likely destroy the petrodollar; which event, insofar as it would effectively end US global dominance, would end up destroying them as well. The good news is that a conflict within the ruling class is very often the prelude to the working class itself taking power. “All is in chaos on heaven and earth; the situation is excellent.”