hkto

I've been thinking about how marxism might be a reasonable guide for how to make some pretty big life choices lately, and thought I'd share.

There are three broad categories I'm placing work into at the moment: capital intensive, non-capital controlled capital intensive, and labour intensive. I'll explain each below, but the basic idea is that this is about capital accumulation and management. Most of it is intuitive, but I've found it interesting to frame it in a marxist way.

Capital intensive jobs are fairly straightforward: we know that most big companies, be they banks, tech, large manufacturers etc, are both capital intensive, and capital controlled. By that, I mean they embody large amounts of human skill in their accrued capital, and that they are managed by the capitalist class. A car manufacturer, for instance, is an example of this, insofar as they'll have de-skilled their workforce to some extent by applying Taylorist principles and embodying some skills into equipment, to automate difficult or expensive tasks.

Non-capital controlled capital intensive jobs are similar, requiring generally a larger organisation which has fixed assets or complicated enough operations that is controlled either by the state or a co-operative. It requires roughly the same skills to survive and isn't terribly interesting in and of itself, usually. Examples might be civil service departments.

The last group is fairly interesting to me at the moment, and prompted this thought. The labour intensive group is things where there isn't really capital accumulation at all, and skilled labour is the main source of "value add". Skilled builders, craftspeople, anyone who can add value to a material or process simply because they're good at something, with only very simple tools. These kinds of jobs are comparatively rare, and probably the kind of thing luddites wanted to preserve. There is an accrual of skill and experience, but not capital. I've found this group interesting because some jobs that fit this description don't have to interact with accrued capital at all.

That last part is interesting because it begs the question of whether or not there is any mileage in seeking to "decapitalise" certain kinds of work. That's to say, successfully navigating life in a capitalist economy, while eschewing the use and accrual of capital at work.

The way I'm thinking about the above, it feels like we (as marxists) can choose to either invest ourselves in capital-adjacent work that might or might not be controlled by capitalists, or we can aim to work in decapitalised industries. The requirements are, I suspect, very different, and I wonder if the embedded values might be as well.

Just a thought: I'd be keen to know what people think. It is a fresh thought, to me at least, that skilled decapitalised work might be a reasonable starting point in movement building. I suspect it is tacitly what Green minded people are up to, and although it does have a whiff of luddism, I wonder if there's a place for it.

Western sanctions on Russia are leading to trade being denominated in other currencies between eg, India and Russia. Iran and China are both in on this too.

Aside from a general undermining of the US, what are the implications?

As far as I can see, some would be:

• The US ability to interfere with other countries' foreign currency reserves is severely limited (since those reserves don't need to be in dollars)
• The US ability to print endless money might come under pressure, potentially endangering its ability to spend freely on its military
• Financialisation and de-industrialisation bite harder as US financial services might become less useful and America has lost much of its advantage in actually making stuff.
• Lessened capacity for the US to exert hegemony over other states via fiscal and monetary domination/coercion (a la gramsci)

Is that stuff right? And what else is there?

PS, sorry if this isn't quite the right community, I'm new here.