American Capitalism’s Growing Dysfunction, by Rainer Shea

"Smash Capitalism" - Student protests - Parliament Square, London 2010

Image by Bob Bob via Flickr

by Rainer Shea
Writer, Dandelion Salad
Rainer’s Newsletter
February 21, 2023

The systemic breakdown that our socioeconomic system is creating has the potential to do more than worsen the suffering of the people. Capitalism has survived so long because it’s been able to exploit the crises it creates, to profit off of wars, depressions, pandemics, and environmental catastrophes. Yet in certain instances, these crises have instead produced victories for the working class. World War I made the Russian revolution possible, World War II made the Chinese revolution possible, the living standards crisis that the IMF engineered across the Global South made the formation of many anti-imperialist governments possible. When the capitalists disrupt society, they do so with the risk that the outcome will be not greater profits but an end to their rule.

Continue reading