The critical role of the Twinkie bourgeoisie



Twinkies are yellow on the outside but white on the inside.

On July 19, the Chinese state media reported on an attempt by a corporation to influence views of debt-holding and investment by downgrading the United $tates below China. Xinhua said that: “China’s local-currency rating was AA+ and foreign currency rating AAA, according to the Dagong report, both higher than those given by Moody’s, S&P and Fitch. In its report, Dagong rated the US ‘AA’ with a negative outlook both in its local as well as foreign currency.”(1)

At the same time, there are those Democrats who believe that wrecking the U.$. economy will not be a deficit-spending party at the expense of the world’s people, but a final impetus to revolution. I hope they are right, and I don’t think it’s out of the question, but I suspect that the Twinkie bourgeoisie may not agree. That’s why I take great heart in the report about Dagong, something maybe more important than any one thing I could think of.

An historian who keeps close tabs on MIM’s struggles has repeatedly sounded the siren that we may be witnessing the collapse of U.$. empire. Niall Ferguson says: “Alarm bells should therefore be ringing very loudly indeed in Washington, as the US contemplates a deficit for 2010 of more than $US1.47 trillion ($1.64 trillion), about 10 per cent of GDP, for the second year running. Since 2001, in the space of just 10 years, the federal debt in public hands has doubled as a share of GDP from 32 per cent to a projected 66 per cent next year. According to the Congressional Budget Office’s latest projections, the debt could rise above 90 per cent of GDP by 2020 and reach 146 per cent by 2030 and 344 per cent by 2050.”(2)

Ferguson points out that half of U.$. debt is held by foreigners, 22% by the Chinese, down from 27%. The issues involved are why I have stressed that the developing countries must start trade and cross-investment among themselves. At first that business may not seem like real business because the hands involved are inexperienced, and that in itself may cause inflation, but the U.$. economy is built on many falsehoods. It’s absolutely critical that the Twinkie bourgeoisie step to the plate or whatever economic crisis there is will be paid for by the Third World. Already the Yankee imperialists managed to sell too many of their mortgage securities abroad and the collapse of the stock market also came at the expense of foreign investors.

An overestimation of the faults of the Cultural Revolution can stand in the way of assessing the West accurately. Mao was correct that there is a bourgeoisie in the party, and to that the national bourgeoisie says “it’s a good thing.” It was only Mao who left an explanation of the collapse of socialism for the youth.

Unfortunately, the Maoist proletarian pole lost out and we are not on the brink of shutting down U.$. capitalism to replace it with a socialist system. At this moment the socialist road is precluded by the low class consciousness of the international proletariat, misled in no small part by the Gus Halls and Bob Avakkkians. So the question at this moment, reform-wise, and not revolution-wise, is in the hands of the national bourgeoisie first and foremost and secondarily the bourgeois internationalists such as Rockefeller.

Mao warned the Chinese over and over again to digest Western content for Chinese purposes. The Cultural Revolution tried to rid China of the influence of ideologies that would make China a lackey of the United $tates. Today our modern version of the Cultural Revolution will say not to fall in love with Britney Spears, Lindsay Lohan and the rest of Western culture beyond love of one’s own developing country culture.

I hope that the Third World people do not end up paying for Amerikkkan spending binges, but it is entirely possible. In denial of Marx’s theory of surplus-value and also unable to see the pyramid or Ponzi nature of capital inflows into the United $tates, the Twinkie bourgeoisie may just lend to the United $tates, sell to the United $tates and invest in the United $tates just to prop it up.

And we have talked about what that means politically. It means that developing country surplus-value goes to the United $tates which in turn uses it to occupy Iraq, Afghanistan, Pakistan, Korea etc. Left to themselves, the Amerikkkans would never tax their whole society to pay for those wars they have carried out since 9/11. It should be the goal of the Twinkie bourgeoisie to make the Amerikans pay for their own messes.

I have emphasized the Twinkie bourgeoisie, because the class solidarity of Amerikans and Europeans should be taken as a granted. The Twinkie bourgeoisie is the vast majority of the remainder of the bourgeoisie and its experience will also influence Brazil, the rest of Latin America and Africa. Even I persynally have been forced into a national bourgeois role. One must lean to one side or another and if on one side is progress and the other the Western labor aristocracy and gender aristocracy, the choice is easy.

Notes:
1. http://news.xinhuanet.com/english2010/indepth/2010-07/19/c_13403979.htm
2. http://www.realclearworld.com/articles/2010/07/28/sun_could_set_suddenly_on_superpower_as_debt_bites_99088.html

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