Gordon, Robert J. 2016. The Rise and Fall of American Growth. Princeton.
Note: GPT, General Purpose Technology, is the fundamental technology upon which a society is built. For example, Gordon cites both electricity and oil extraction and processing as the GPTs of the 20th century US. GPTs pave paths of technological and social-organizational dependency in which specific trajectories of subsidiary technologies are developed.
1) Kalecki thesis: capitalists fundamentally seek control, in order to secure capital, fungible social power.
a) When they have managed to constrain workers’ human-capacity development, particularly their organizing capacity, capitalist control means deploying workers as expendable, dehumanized machines. In aggregate, this takes away from developing the forces of production.
i) Conservative ideology helps reproduce the capitalist Human Waste economy, as per the slavery, servitude model.
b) Upon a Depression separating capitalist exploitation from labour, social-liberal (pro-worker) policy and institutions and war nationalism combined to promote the collective infrastructure required for rigorous subsidiary tech improvements in the US. This extremely-heightened activity, based on the war-social democracy convergence, formed the basis of the exceptional US Trente Glorieuses growth (Gordon 2016).
Social democracy sustains the worker capacitation required to maintain this tech innovation pressure. But without war nationalism, economic growth from tech innovation is moderated; affronted by worker capacitation, elites petulantly go on strike (See 1970s inflation). Conservatized liberalism dismantles social democratic developmentalist infrastructure in favor of control-prioritizing war nationalism only. Without social democracy, subsidiary tech innovation is constrained and the GPT is petrified; economic growth declines.
c) Because it does not mute working-class feedback, a philosophical-materialist, socialist-backbone society has superior capacity to collectively decide on the GPT (General Purpose Technology) governing subsidiary innovations in tech and organization. Examples of superior GPT intervention capacity: Scandinavian social democracies, Germany, China.
i) Societies that delegate GPT decisions strictly to the market, the global capitalist class, relinquish and have no capacity to guide GPT change. They serve as stupid, senseless global bulwarks against GPT shift, prioritizing predictability, ROI, and rentier capitalism (producing increasingly-absolute ownership rights). Anglo-American capitalism is an island aristocracy-designed machine for constraining and muting (torturing into a ventriloquist’s dummy, per Scarry 1985) a domestic working class in favor of maintaining a global-elite-coordinating GPT regime. Imperialism, colonialism, and the military necessarily grow out of and support this primary solution to exclusionary value accumulation (which is why capitalist marketeers once claimed that capitalism would dispense with this violent outgrowth–They misrepresented the successive outgrowth as an optional tactic in poor taste). In order to secure global elite cooperation with their leadership while disrupting societies globally, these Anglo-American model societies prioritize control over, and effective criminalization of their domestic working class, capacitating them and offering them to global elites strictly as consumers and working-class-targeting police/managers and imperial soldiers. Management, militarization, and finance are the governing economic institutions of these capitalist “core” or “metropole” societies.
Prioritizing control over, and effective criminalization of the domestic pool of workers and their families and communities (smallholders), such a global capitalist-subordinated, militarized nationalist society cannot sustain worker capacitation and does not have the capacity to collectively decide on or intervene in the GPT orientation.
Hence, the Anglo-American societies, for example, are bound to contribute increasingly to climate crisis, surveillance and carceralism, and disruptive imperialism, and dismantle or forgo public infrastructure and assets, policy and technology supporting environmental repair, and public education, libraries, and substantive democratic capacity building.
Maintaining a GPT in defiance of broad, shared human development and welfare ratchets up pressure. The belligerence sustains the aging GPT, by shifting around the mounting structural pressure building against GPT-maintenance, which further requires capitalist hoarding and militarization. Anti-social democratic regional economies most tied to the aging GPT, such as the oil states of Texas, Alberta, and Saudi Arabia, will produce the most militant, and methodically inhumane and destructive opposition to GPT shift.
See also: Erica Benner (Actually-existing Nationalisms) for informed identification of Marx’s arguments (particularly in The German Ideology, also The Jewish Question, and the Grundrisse) around human development, sovereignty, including in relation to economic catch-up, and idealist philosophy and nationalist ideology traditions (as these are embedded in liberal-conservative approaches to uneven development).