The Money Revolution

A lot of leftists believe the revolution to replace capitalism goes through the currency system. They believe money is at the heart of the contradiction of exchange value, and that eliminating money is the way to a more just and equitable social order. This is revolution without Marx. The cryptocurrency movement taps into this same sentiment and unease with capitalism, but thinks freedom is the thing that money threatens, something that can be rectified through a de-centralized currency system,(no banks or middlemen). Liberation/emancipation is an ethereal economic system based on cyber technology. Unfortunately for many small-investor "revolutionaries", this latest crypto bubble burst gives a great window into how wrong-headed the focus on money is and how a "revolutionary" movement just gets sucked back into the maw of surplus and profit accumulation. In an article (NYTimes 5/18) on the collapse of TerraUSD and Luna we see the all-too-familiar confluence of personality cult, gambling fever, and Capital in search of profit masquerading as revolution. Audre Lorde nailed it when she said "the Master's tools will never tear down the Master's house." Investment and markets will never tear down capitalism no matter how complex the technology or de-centralized the accounting. Marx's simple truth, "M-C-M" is a force that annihilates all your radical intention. It can't be tweaked by libertarians into a force for good. Here is a list of all the abstract value that comprises late capitalism, gleaned just from this one article.Litterally trillions floating around out there in geek world, searching for profit. Lightspeed Venture Partners, Galaxy Digital,Pantera Capital, Tezos (a crypto platform),Scalar Capital, Paxos (blockchain company), Arrington Capital, Coinbase Ventures, Hack VC, GMCC Global, Binance (crypto exchange) Citadel, Trrra Hacker House. Geek world meets Las Vegas. Lots of X and Z. Lots of small investors ruined, committing suicide. No revolution for you, so sorry.