Comment by grafmax
10 hours ago
As long as we have this concentration of wealth in this country we are going to have this selective enforcement of laws based on class lines.
10 hours ago
As long as we have this concentration of wealth in this country we are going to have this selective enforcement of laws based on class lines.
"The big thieves hang the little ones." Czech Proverb
It's actually Roman: Magni minores saepe fures puniunt
Citizens United has enshrined this in law by allowing wholesale purchase of politicians via the current campaign finance system.
I believe it will take at least a couple of generations after a new political ideology is cemented in the USA to change anything.
Market fundamentalism has been the game since the 80s with Reagan, it was building up to it but Reagan was the watershed moment when it really gripped. You see it everywhere now, here on HN especially, any deviation from the dogma of market fundamentalism is met with the usual retort about "innovation", "growth", and all the buzzwords implemented to make it seem to be the only alternative we have. Any discussion about regulation, breaking down behemoths wielding massive power, betterment of wealth distribution, workers' rights, etc. will attract that mass who are true believers of the dogma.
To undo this will require a whole political ideology from the ground up in the USA where the two parties are just two sides of the same coin, I really cannot see how this can realistically change without a series of major crises, bad enough that people will rise and understand who exactly is fucking them... It's sad to realise there's much more pain to happen before it might spark real change, we are kinda bound to live in the aftermath of the erosion of society brought by "shareholder value"-hegemony.
Not necessarily..
During the Great Depression the Americans did pull together and demanded from President Roosevelt a social reform. That was called the New Deal Coalition.
This time though the fight will be much harder because even the democrats are so strongly indoctrinated in the "free market" idolatry that they are much closer to the republicans than any true social democratic movement (such as labor unions) that would actually be needed in order to help the American working (and soon ex-middle) class.
https://en.wikipedia.org/wiki/New_Deal_coalition
I think you and the person you're replying to agree.
We won't get a New Deal Coalition Part 2 without our own Dust Bowl (climate-change/industrial-agronomy-induced disasters, and the massive disruption to peoples way of lives that accompanied it) and Great Depression to conclusively demonstrate that industrialized, financialized oligarchy "doesn't work".
The two-party system was just as much captured by "free market" idolatry pre-FDR as they are today. There was nearly three decades of socialistic organizing in response to crisis in the 1890s-1920s before we finally had those principles manifest in one of the two major political parties in the executive branch, with FDR in 1932.
We're barely into the nascency of our own century's progressive era. If history's any guide, it'll probably take decades and it will get much, much worse before it gets better. :/
I re-read Grapes of Wrath recently, and it was an uncanny feeling: like I was reading something that was both near-future Sci-Fi and a memory-holed but relatively-recent history.
These crises are occurring right now so I don’t think it will take multiple generations. The rise of neo-fascism, the climate crisis, and the escalating warmongering toward China - a nuclear power - should be seen as symptoms of a system breaking down because it prioritizes profit over people. Intensification of capitalism’s worst tendencies is the capitalist’s last stand. It’s either going to end in mass destruction or people throwing off their chains.
This is very much what professor Richard Wolff is saying.
What you're witnessing down is the systemic failure and breakdown of a system (capitalism) that is completely out of control and ultimately starts to attack the very institutions that enable it in its greedy search for "growth" (i.e. producing more wealth for the already wealthy).
The system will eventually collapse.
Recommended video, an interview with Prof Wolff
https://www.youtube.com/watch?v=GeWiKOEkfj8
You might find this recent talk on neo-liberalism, by journalist and activist George Monbiot, interesting:
https://shows.acast.com/rhlstp/episodes/rhlstp-book-club-134...
I haven't listened to the talk but read Mobiot's book when it came out last year :)
On the same vein, I'd recommend "Capitalist Realism" by Mark Fisher, Naomi Klein's "Shock Doctrine", and even the original "A Neo-Liberal's Manifesto" by Charles Peters to understand how the term is slippery and diverged a lot from the original manifesto.
And I'm not an anti-market, full-blown communism person. The feeling I have is that all the aftermath from the dogmatic implementation of an unsound ideology has brought much of our contemporary malaise, the allowance of finance to take over the real economy, the productive economy, has just eroded any semblance of a good market-driven society. I'm against that, the supremacy of finance over all other economical activity, it's a cancer that festers on every single big corporation.
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Weirdly, right at the moment the US economy is tanking because of severe departures from market fundamentalism. By the people who most claim to be pro capitalism.
There's no departure from market fundamentalism, the belief in shareholder value being supreme is still very much the current Zeitgeist.
As much as the USA's administration is jerking around with trade, the fundamental principle of what governs any corporation is still market fundamentalism: returning value to shareholders, nothing else.
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