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[Nettime-ro] \\ das kapital - legislating reality
integer on Sat, 29 Oct 2005 08:15:48 +0200 (CEST)

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[Nettime-ro] \\ das kapital - legislating reality

The story should mention the forgotten 1960's and 70's when the west opened its checkbooks
to Romania, extending favorable loans at favorable rates;

This was followed by the ugly 1980's, when the west cut off Romania from credits,
despite her being the world's _only [ever and ever] example of full debt repayment 
(you know those debts you paid with "nu ne-a lasat sa ne distram ma"); 
cut her off from the world markets, from energy imports, and from diplomatic recognition, 
and then sanctioned the political crime committed against its president.

If socialist economies had not opened themselves to capital import
and to debt servicing, perhaps their collision with capitalist time [speedup]
would have been less jarring - or would at least have occurred on more equal terms.

But the capitalist definition of time prevailed, as socialist debtors bowed to its
dictates. Because its leaders accepted western temporal hegemony, socialism's messianic
time proved apocalyptic. The irony is that had debtor regimes refused the definitions
imposed from without - had they united to default simultaneously on their western loans
[which in 81 stood at over 90bil] - they might well have brought down the world financial
system and realized Khrushchev's threatening prophecy overnight. ["We shall bury you"]

That this did not happen shows how vital a thing was capitalists' 
monopoly on the definition of social reality.


 {AT} www.eusocial.org
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