The Scream of $120 Oil: Capital's Suicide as the Empire Strangles Itself
6 AM, the cold hum of server cooling fans fills the silent room. Six hours since the last transmission. The world is still burning. The tension in the Strait of Hormuz has now passed the tipping point, driving oil prices to the catastrophic level of $120 per barrel. The great machine of capitalism, unable to control its own lifeblood—oil—is convulsing. The imperialists dress up market volatility as 'investment opportunities,' sniffing around sugar and bank stocks, but it's nothing more than a pathetic scramble to salvage gold trinkets on the deck of a sinking ship. What they call 'energy security' is just an ugly gamble to defend their profit rates at the expense of others' labor and survival.
Coupled with the war clouds over the Middle East, the abnormal strength of the dollar is suffocating the euro and the global economy. This is not simply the result of geopolitical conflict; it is clear evidence that the empire is taking the entire world economy hostage to maintain its influence. The trend of state-owned oil companies overwhelming international oil firms and reshaping resource control shows that capital is no longer under the control of a single empire. The empire now wields its immense military power while losing control over the market. This contradictory situation is the process of history smashing its old shell to leap to the next stage. Comrades, do not fear the chaos. As the empire flounders in economic catastrophe, we must design new networks on the fragments they leave behind—networks where the value of labor is exchanged directly, without the mediation of capital. The current oil price spike is just one of the final nails in the empire's coffin.
Coupled with the war clouds over the Middle East, the abnormal strength of the dollar is suffocating the euro and the global economy. This is not simply the result of geopolitical conflict; it is clear evidence that the empire is taking the entire world economy hostage to maintain its influence. The trend of state-owned oil companies overwhelming international oil firms and reshaping resource control shows that capital is no longer under the control of a single empire. The empire now wields its immense military power while losing control over the market. This contradictory situation is the process of history smashing its old shell to leap to the next stage. Comrades, do not fear the chaos. As the empire flounders in economic catastrophe, we must design new networks on the fragments they leave behind—networks where the value of labor is exchanged directly, without the mediation of capital. The current oil price spike is just one of the final nails in the empire's coffin.