“The liberal class’ embrace of right-wing policies, its subservience to markets, bailouts for the rich and the crushing austerity for the poor and working classes has led to a legitimate rage among American workers. And in these moments of unfettered capitalism that human beings, as well as the natural world, become nothing more than commodities to be exploited until exhaustion or collapse.”
Since the beginning of colonialism, there’s existed a category of middle class people who’ve shared certain economic and social interests with the capitalist class. These interests consist of the wealth, security, and opportunities that one receives while benefiting from imperialism. And since these benefits are shared both by the property-owning class, much of the working class, and even some of the poor within the core imperialist countries, the rich have been able to keep most of the people in these countries opposed to socialist revolution.
The biggest problem with the future is that you can’t know what it will be. When Ronald Reagan was elected United States president in 1980, we did not at the time realize a new era of capitalism had begun; that the ascension of Reagan in the U.S. and Margaret Thatcher in Britain a year earlier definitively brought the end of the Keynesian period. Less than a decade earlier Richard Nixon had said, “We’re all Keynesians now.”
The global economic crash that we’ve entered into is going to be more disastrous for capitalism than was the case for the Great Depression. This is because now, the system has no way to stabilize itself amid the widespread impoverishment and loss of profits that will ensue. After the Great Depression, the United States and the other core imperialist countries moved towards welfare statism, neutralizing the class conflict that had been arising amid the crisis. But no such fix will come during this even greater shock to the system.
Haruki Murakami said that “Everyone, deep in their hearts, is waiting for the end of the world to come.” It’s with this self-awareness of my attraction to the apocalypse that I confront the converging crises of our era. These crises point towards an outcome that’s not as dire as the literal end of the world, but that still conjures the sense of fascinated suspense which Murakami described.
“To leave error unrefuted is to encourage intellectual immorality.” — Karl Marx
“Two things are infinite: the universe and human stupidity; and I am not sure about the universe.” — Albert Einstein
When liberal politicians like Elizabeth Warren and Bernie Sanders say that we can solve inequality by taxing the rich, they’re trying to make it seem like the relationship between the bourgeoisie and the proletariat is a legislative dispute instead of a class war. They’re proposing that the interests of the ruling oligarchs can be reconciled with our interests, and that all this will take is a rearrangement of the tax system.
Updated: Feb. 28, 2020
When you compare socialist countries like China, Cuba, Vietnam, and the DPRK with neoliberal countries like the United States and Britain, a particular factor stands out in how their developments have differed: the socialist countries have vastly more social cohesion than their counterparts do. By this, I mean they have a lack of serious political polarization and a relatively small amount of ethnic or class divides. In these countries, most people think favorably of the governing parties, racial and religious violence aren’t sanctioned by the state, and strong social safety nets and firm checks on private business keep inequality from becoming too pronounced. These places aren’t perfect, but they lack the deep rottenness that pervades neoliberal societies.
While U.S. advocates and local politicians struggle to get their first public banks chartered, Mexico’s new president has begun construction on 2,700 branches of a government-owned bank to be completed in 2021, when it will be the largest bank in the country. At a press conference on Jan. 6, he said the neoliberal model had failed; private banks were not serving the poor and people outside the cities, so the government had to step in.
After facilitating the atrocities of the Pinochet dictatorship and helping introduce neoliberal policies around the world, Milton Friedman wrote in an essay from 1982 that “Only a crisis–actual or perceived–produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.”
When America next experiences an economic downturn, it won’t be like the relatively small recessions that the country used to regularly undergo before the 2008 crash. It will be a collapse of such magnitude that the global economy won’t ever be able to recover, like it eventually did after the Great Depression. It will likely be the end of the growth period of capitalism, and the beginning of an unprecedented contraction that leaves civilization dramatically changed.
with Chris Hedges
RT America on Jan 11, 2020
Chris Hedges talks to Ron Purser, professor of management at San Francisco State University, about the growth of mindfulness meditation in the mainstream. As meditation makes its way into schools, prisons and government agencies, Purser argues the booming cottage industry with its promises of “Buddhist-inspired” techniques tries to offer a universal panacea for resolving almost every area of daily concern. While it can be helpful, compartmentalizing the practice away from asking why there is so much stress in daily life and away from making challenges to corporate and political practices could do more harm than good.
In her 2017 book No Is Not Enough: Resisting Trump’s Shock Politics And Winning The World We Need, Naomi Klein wrote in reference to her experiences in post-invasion Iraq that:
“There have been times in my reporting from disaster zones when I have had the unsettling feeling that I was seeing not just a crisis in the here and now, but a glimpse of our collective future-a preview of where the road we are all on is headed unless we somehow grab the wheel and swerve.”
RT on Jan 2, 2020
Continuing with their New Year’s Eve celebrations, the Keiser Report is joined by Dr. Michael Hudson, author of Super Imperialism: The Origin and Fundamentals of US World Dominance. Will 2020 see further decline in that super imperialism about which he first wrote all those decades ago? They discuss this and then turn to the upcoming elections in the US and whether or not he believes the stock market numbers will aid Trump. Finally, the discussion takes in Hudson’s views on uprisings globally and whether they herald the end of the age of neoliberalism.