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Class War for Idiots: Libertarianism = Assholism


 
The term “Libertarian” has long been synonymous with “Asshole” in my estimation, and I think it’s safe to say that Jacobin magazine editor Connor Kilpatrick probably feels the same way.

Today is the centenary anniversary of the birth of Libertarian icon, economist Milton Friedlman, so what better day for the publication of the most viciously hilarious takedpown of the Libertarian position that I think I’ve ever read?

Excerpted from the much longer “It’s Hip! It’s Cool! It’s Libertarianism!” which was cross-posted today at both Naked Capitalism and The Exiled:

Libertarianism isn’t some cutting-edge political philosophy that somehow transcends the traditional “left to right” spectrum. It’s a radical, hard-right economic doctrine promoted by wealthy people who always end up backing Republican candidates, no matter how often they talk about civil liberties, ending the wars and legalizing pot. Funny how that works.

It’s the “third way” for a society in which turning against capitalism or even taking your foot off the pedal is not an option. Thanks to our shitty constitution and the most violent labor history in the West, we never even got a social-democratic party like the rest of the developed world.

So what do we get? The libertarian line: “No, no: the problem isn’t that we’re too capitalist. It’s that we’re not capitalist enough!”

Genius.

At a time in which our society has never been more interdependent in every possible way, libertarians think they’re John fucking Wayne looking out over his ranch with an Apache scalp in his belt, or John fucking Galt doing…whatever it is he does. (Collect vintage desk toys from the Sharper Image?)

Their whole ideology is like a big game of Dungeons & Dragons. It’s all make-believe, except for the chain-mail–they brought that from home. Elves, dwarves and fair maidens for capital. Even with the supposedly “good ones”—anti-war libertarians—we’re still talking about people who think Medicare’s going to lead to Stalinism.

So my advice is to call them out.

Ask them what their beef really is with the welfare state. First, they’ll talk about the deficit and say we just can’t afford entitlement programs. Well, that’s obviously a joke, so move on. Then they’ll say that it gives the government tyrannical power. Okay. Let me know when the Danes open a Guantánamo Bay in Greenland.

Here’s the real reason libertarians hate the idea. The welfare state is a check against servility towards the rich. A strong welfare state would give us the power to say Fuck You to our bosses—this is the power to say “I’m gonna work odd jobs for twenty hours a week while I work on my driftwood sculptures and play keyboards in my a chillwave band. And I’ll still be able to go to the doctor and make rent.”

Sounds like freedom to me.

Standing ovation!

Read more of Connor Kilpatrick’s “It’s Hip! It’s Cool! It’s Libertarianism!” at either The Exiled or at Naked Capitalism. Trust me it’s a fantastic, totally worthwhile read.

Predictably, the reddit thread about Kilpatrick’s article is fascinating, too!
 

 

Posted by Richard Metzger
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07.31.2012
05:31 pm
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The (Not So Promising) Future of Shitty Jobs: Meet your noodle-making robot overlord
07.27.2012
01:11 pm
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Looks like it’s Ultraman who is gonna be the one to steal your job, gringo... Via Orange News:

A new noodle restaurant in China has captured diners’ attention by employing a noodle-making robot.

The restaurant in Jilin City, north-east China’s Jilin Province, has attracted many locals to come and try noodles made by ‘Ultraman’.

Restaurant owner Qian Hu bought the robot for 20,000 Yuan (£2,000) and believes its efficiency is twice that of a human worker.

He explained: “More importantly I don’t need to pay him, and for a consecutive work of 12 hours it only consumes 3 kWh of electricity. And the noodles it slices are even thinner than those of human workers.”

That’s right, he can do it better than you, puny human. Twice as good! Take that!

The thought of a world population of over 7 billion people being increasingly put out of work by robots—the most menial jobs will be the ones to go first—is a rather bleak thing to contemplate isn’t it? Then again, maybe there’s an opportunity in all off this somehow? Who knows?

Posted by Richard Metzger
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07.27.2012
01:11 pm
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Global Crisis: the Convergence of Marx, Orwell and Kafka
07.25.2012
11:47 am
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A guest post from our esteemed, super-smart friend, Charles Hugh Smith, publisher of the Of Twos Minds blog and author of the new book, Resistance, Revolution, Liberation: A Model for Positive Change
 
The global crisis is best understood as the convergence of the modern trends identified by Marx, Orwell and Kafka. Let’s start with Franz Kafka, the writer (1883-1924) who most eloquently captured the systemic injustices of all powerful bureaucracies—the alienation experienced by the hapless citizen enmeshed in the bureaucratic web, petty officialdom’s mindless persecutions of the innocent, and the intrinsic absurdity of the centralized State best expressed in this phrase: “We expect errors, not justice.”

If this isn’t the most insightful summary of the Eurozone debacle, then what is? A lawyer by training and practice, Kafka understood that the the more powerful and entrenched the bureaucracy, the greater the collateral damage rained on the innocent, and the more extreme the perversion of justice.

The entire global financial system is Kafkaesque: the bureaucracies of the Central State have two intertwined goals: protect the financial Elites from the consequences of their parasitic predation, and protect their own power and perquisites.

While Marx understood the predatory, parasitic nature of Monopoly Capitalism, he did not anticipate the State’s partnering with Cartel/Crony Capitalism; in effect, the State has appropriated the appropriators, stripmining the citizenry to protect the financial sector from the consequences of their “business model” (leverage, fraud, embezzlement and the misrepresentation of risk). But the State doesn’t merely enable (“regulate”) the predation of financiers; it also stripmines the citizenry to fund its own expansion into every nook and cranny of civil society.

This is where Orwell enters the convergence, for the State masks its stripmining and power grab with deliciously Orwellian misdirections such as “the People’s Party,” “democratic socialism,” and so on.

Orwell understood the State’s ontological imperative is expansion, to the point where it controls every level of community, markets and society. Once the State escapes the control of the citizenry, it is free to exploit them in a parasitic predation that is the mirror-image of Monopoly capital. For what is the State but a monopoly of force, coercion, data manipulation and the regulation of private monopolies?

What is the EU bureaucracy in Brussels but the perfection of a stateless State?

As Kafka divined, centralized bureaucracy has the capacity for both Orwellian obfuscation (anyone read those 1,300-page Congressional bills other than those gaming the system for their private benefit?) and systemic avarice and injustice.

The convergence boils down to this: it would be impossible to loot this much wealth if the State didn’t exist to enforce the “rules” of parasitic predation. In China, the Elite’s looting proceeds along somewhat different rules from the looting of Europe and the U.S., but the end result is the same in all financialized, centrally managed economies: an expansive kleptocracy best understood as the convergence of Marx, Orwell and Kafka.

This has been a guest post from Charles Hugh Smith, publisher of the Of Twos Minds blog and author of the new book, Resistance, Revolution, Liberation: A Model for Positive Change

Posted by Richard Metzger
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07.25.2012
11:47 am
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Capitalism’s sacrifice zones: Some people are happy to destroy the lives of others for a profit
07.22.2012
04:55 pm
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Image by Skywalker11

I grew up in West Virginia. Practically from the day I was born, I was exposed to the idea of what a strip mine is. When I saw The Lorax on TV for the first time, I would have been about six, and I can recall drawing an immediate connection to the barren wasteland hell-pit down the hill from my parents’ house as I watched. My childrhood was spent in an area where the “Truffula trees” were hard, black and underground, but the point Dr. Seuss wanted kids to instinctually grok, I can assure you, was not lost on me.

Large coal companies have been coming in and raping the land without opposition for decades. That is the way things are in West Virginia. Without opposition? Who am I kidding, they roll out the red carpet for the pleasure, because residents of the state are so desperate for the work. When your family is hungry, it’s all about the here and now. The coal companies write the laws in WV. This is how they’re able to saw the tops off of once pristine mountains and hills, fuck up the drinking water and destroy the soil, generally leaving the place looking like a lunar landscape in their wake.

When the coal is gone, West Virginia is going to be a big hole in the middle of the country. That’s all that’s going to be left of it. The people who live there who would like to stop it, can’t stop anything and most people outside of the state are either totally unaware of what’s going on there or they simply don’t care.

Very few images of the so-called “sacrifice zones” left behind by rapacious late-stage Capitalism make it to the mainstream media. Once in a while, maybe, but what goes on in the hills of Appalachia isn’t really the stuff of The New York Times, CNN or even MSNBC. The state is too far removed from the media centers and corridors of power, so the mountain tops keep getting removed and now the guy living in the mobile home down the road has sold the fracking rights to his five acres. Who gives a shit about your drinking water?

The answer, quite frankly, doesn’t seem to be anyone. This is just the way it goes…

After the jump, watch Bill Moyers and Chris Hedges discuss Capitalism’s ‘sacrifice zones’...
 

READ ON
Posted by Richard Metzger
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07.22.2012
04:55 pm
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Salt of the Earth: Drowning in Debt salt and pepper shakers
07.17.2012
10:52 am
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Salt and pepper shakers representing a sign of our debt-ridden times from Sebastian Errazuriz. Apparently these were inspired by Errazuriz’s own “personal economic meltdown.”

Errazuriz writes:

As soon as the seasonings are used the two workers slowly emerge, only to find that they will soon be covered again.



 
Via Super Punch

Posted by Tara McGinley
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07.17.2012
10:52 am
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Hang The Bankers: Info-graphic clearly explains the LIBOR conspiracy scandal
07.10.2012
10:22 pm
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Please spread far and wide, the sooner the public catches on to this story, the more likely it is that these bastards will do hard jail time instead of collecting $30 million dollar bonuses.

This is a make or break moment for the human race, it really is. Time for some heads to be put on sticks and paraded around lower Manhattan and the Hamptons.

There’s a larger version at Accounting Degree.net.

Posted by Richard Metzger
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07.10.2012
10:22 pm
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More John Lydon on ‘Question TIme’, this time sticking it to the banks
07.10.2012
10:04 pm
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Marc has already posted some of this here on DM, but for those who would like to see more, here is the entire Question Time show featuring John Lydon (among others) which went out on BBC1 last Thursday.

We all gathered round the computer monitor to watch this broadcast last week, and I have to admit it felt like real event television. Having someone with the wit and stature (not to mention televisual infamy) of John Lydon sitting as part of a panel on a mainstream political show simply does not happen very often.

It was a mixed blessing. I wasn’t the biggest fan of the pro-drug decriminalisation discussion, which Marc linked to before, and I thought he could have handled that part better. I also found some of his showboating grating, but hey, the guy is a rock legend, so I guess a bit of attention grabbing narcissism is to be expected.

But where Lydon really shone was in the opening few minutes of the show, when the panel were asked about the current banking crisis, and how the UK government intends to investigate the LIBOR scandal. Perfectly cutting through the blame-throwing merry-go-round the politicians were spinning in an attempt to avoid giving any real answers, Lydon was loud and direct, and did what he does best - namely, a physical representation of righteous fury. Below is the entire episode, but the beginning of Question Time is worth watching just to see Lydon put Louise Mensch and her ilk firmly in their place, by reminding them that this is not some abstract argument or phiopsphical discussion. People’s lives and livelihoods are at stake:
 

 

Posted by Niall O'Conghaile
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07.10.2012
10:04 pm
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Looking down the throat of The Beast: Why the LIBOR conspiracy might knock the dominoes down


 
This is a guest editorial from Dangerous Minds reader Em, expanding on some pointed commentary he’s made elsewhere on this blog. Em—who’ll keep his last name to himself, thank you very much—works in the financial industry:

One day you’re going to arise from your habitual feast

To find yourself staring down the throat of the beast they call The Revolution

“They Call It Democracy”—Bruce Cockburn

When Bruce Cockburn sings these lines during a performance, his largely left-leaning audience will often cheer, apparently not comprehending that this is intended to be a cautionary tale. In They Call It Democracy, Bruce is informing the international 1% that time is running out, and that if they don’t use their disproportionately vast resources to reform and truly democratize access to goods and services and capital, then the 99% are going to lose faith in the system itself and eventually overthrow it. And Bruce is fully aware of the fact that The Beast isn’t well represented by romantic notions and Che Guevara T shirts. The Beast is often ugly and brutal and doesn’t always bring in something better. But by the time it comes to that, the 99% will be fully aware of the risks but just won’t give a shit anymore.

That’s why the LIBOR issue is so damned dangerous.

Back in 2009 I was working at a “Too Big To Fail Bank” on Canary Wharf in London, and during my lunch hour walked over to where LIBOR is set and took the above photo. (LIBOR is housed in that building on the left.) Never in my wildest dreams did I imagine, however, that the setting of this key rate upon which the price of mutual funds and derivative securities are indexed, could be easily manipulated by a tiny number of coked-up traders. Although I worked on the retail half of that TBTF Bank, for one summer, I did actually utilize the famous Ho-Lee model to analyze derivative securities for volatility risk. So I knew enough about LIBOR to understand that it is in some ways as important as the prime interest rate, set by the Fed. But I naively assumed that the US and UK governments, along with the Big Banks, would tightly control the LIBOR process because a loss-of-faith in LIBOR could set international markets into chaos.

And that’s the last thing we anyone really wants right now. Right?

But I was wrong. And who knew? Who knew LIBOR could be impacted by such a slipshod and unregulated process? What the hell? Conflicts of interest seem to be practically built into the system, but it only hands out benefits to those in special positions of power. And if I, a banker, can begin to view the system as this deeply corrupt, how will rank-and-file investors feel? Will they put their money into real estate? Hide it in mattresses? That can only accelerate a possible collapse or, worse yet, a revolution.

Revolution? Hah. No one in the US would seriously consider a socialist much less a communist revolution. But those aren’t the only kinds of revolution. The Islamic revolution in Iran in 1979 proves to us that even moderate and reasonably urbane and clever people will sometimes simply choose the devil they don’t know when the Devil they do know (in that case the Shah) has proven beyond all doubt that his system won’t work for most people by design. On purpose. Like the American version of capitalism.

And is that what we really want? OK, maybe in the US we won’t have an Islamic revolution. But who knows what our idiotic science-denying masses might come up with? Maybe the Tea Party was just a first try and all that’s needed now is some less idiotic reformulation that appeals to a wider audience. And remember, it doesn’t have to work in reality, it just has to be able to convince enough people that it might or could be better than the corrupt and closed system most people believe operates today. All it has to do is make a few promises while providing a sort of “purity code” that allows the rank-and-file to throw off outside influence. And for all of its bloodshed and hostages, the Iranian revolution at least returned Iran’s destiny back into the hands of the Iranians, rather than the US and UK-backed torturous regime that was impoverishing practically everybody outside a tiny cabal of the well-connected. And if the Iranians can do it (ie, create a populist strain of Politcal Islam that freezes out external meddling influences), there’s no reason to believe the Americans can’t come up with something of their own in order to lock out and dismantle predatory economics and access structures.

Back in the late 1990s and during the Bush II era, The Fed continued to lower interest rates in order to boost the housing sector. They did this precisely because it worked, and because the traditional industries that provided wealth and capital to the working classes had been strip-mined of value by not only upper-level managers but by Private Equity firms (such as Bain Capital) that searched for value and then capitalized it into their own pockets by moving jobs and manufacturing overseas. As the “Mighty Trucks of Midnight” (another lefty Bruce Cockburn ref there) moved whole industries overseas and Labor imploded, there were fewer and fewer investment opportunities for fund managers. So the steroidally pumped-up housing sector took up the slack while the level of personal indebtedness (to the banks, of course) skyrocketed. We were, in effect, borrowing chunks of our future in order to pay the bankers that colluded with an unregulated system to enrich a very few but without the creation of real new wealth.

When the Great Recession hit, we had to pay the piper for all that debt we had amassed but, Lo! We had no money left. A lot of the money we had been spending had come from debt but now we couldn’t borrow anymore, because the banks were failing and couldn’t make any more loans. And yet, no one really wanted to change anything because it looked like the system was essentially fair so we just had to let it recover a bit so we could all continue on our merry way.

But now, perhaps, we know that wasn’t the real story. And that the system was rigged. We are slowly becoming aware of the fact that only a tiny minority benefit from it while the rest of us work our asses off and still suck shit and struggle every day to feed our families and keep a roof over our heads. As awareness of what LIBOR-fixing really means begins to penetrate popular consciousness, more and more people will begin to question whether the system is even reformable at all. What the 1% and their Walking Dead-like minions do not comprehend, however, is that even if there is a way to reform the system and keep this party rolling a little longer, we are rapidly passing the time where anyone will still believe the system can be reformed. In other words, the window of reform and long-term survival of a system that resembles our current one is closing, and closing rapidly. It will have to be the 1% who choose to utilize their resources in order to give themselves (and their privileged families) a shot at longer-term survival.

That is the only chance the 1% has of keeping the 99% from invoking The Beast, in some form or another.

About the author: After living in China in the late 80s, Em worked in the physics and electrical engineering space until 2002, at which time he moved into the financial world. In July of 2010, Em returned to the US after living in London for several years.
 

 
“The Great Red Dragon and the Beast from the Sea” by William Blake

Posted by Richard Metzger
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07.10.2012
01:08 pm
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The Illuminati exposed: Why the Libor conspiracy scandal is the most important story in the world
07.08.2012
01:49 pm
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American banks are about to be engulfed by the biggest scandal in financial history. Or maybe not, it will largely depend on how closely the public pays attention. If they are paying attention, the game, as it is currently being played, is finished.

The Libor scandal reveals capitalism’s vaunted Free Market is a con trick, which has been fraudulently controlled by international banks for their own and select cartels and speculators’ interest. The cost of this fraudulent activity has been paid for by the public - the savers, mortgage owners and pensioners. There is now proof positive that the financial elite have been playing us all for fools.

The bankers at the tip top of the food chain (literally) have been caught red-handed with their collective hands in our collective cookie jars, to put it another way.

Last week, Barclays’ Bank was fined $450-million for manipulating Libor (the London Inter Banking Offered Rate). This is the rate through which banks lend. The rate is agreed upon every day by a select group of banks, and is considered a “global benchmark worth hundreds of trillions of pounds.” The slightest deviation in the rate can cost a bank billions.

Libor along with Euribor are the central mechanisms for setting global interest rates for a vast array of financial services and products.

Libor is the largest, operating over 10 currencies, which includes determining the rate of US dollars in the form of Eurodollars.

Traders in the main financial markets in London, New York and Japan colluded to set inter bank rate, thus making either huge profits or covering-up their losses.

Traders like low interest rates so they can buy cheap bonds and make quick speculative profits. The retails side prefers high interest rates, which can help savers make higher return on their savings. Between the two positions is a “sacrosanct” wall which prevents either side from fraudulent collusion. At least that’s the idea…

Last week, Barclays’ Bank admitted their bankers broke through this so-called “sacrosanct” wall, and that there was collusion in the “fixing” of inter bank rates. (Translation: The bankers are behaving like the mafia)

The US watchdog the CFTC (Commodity Futures Trading Commission) said it wasn’t just Barclays’ traders who were involved in the market manipulation but the bank’s top bosses.

‘...as a result of instructions from Barclays’ senior managemnet, the Bank routinely made artificially low LIBOR submissions to protect Barclays’ reputation from negative market and media perceptions concerning Barclays’ financial condition.’

Leaked e-mails between traders revealed the staggering level of collusion between traders and bank staff.

‘Dude. I owe you big time! Come over one day after work and I’m opening a bottle of Bollinger.’

While the bankers bashed the Bolly, the public picked up the tab.

That investment bankers are corrupt, psychopathic thieves of the lowest order is nothing new, but the Libor scandal shows that the whole process of rate fixing is not dependent on the realities of market values, but on the arbitrary say so of investment bankers!!!

In other words, the whole of Capitalism is based on a house of cards, which are, at last, about to come tumbling down.

A friend, with ties to the financial industry, recently said that the public’s relationship with the banks was similar to a put-upon wife with an abusive and violent husband. The worse the husband behaves, the more the wife forgives. Until one day, something snaps, and the wife realizes her husband is a brutal bully, a monster, a low and despicable human, and there has been no real love in their relationship on his side. ‘One day, the public will similarly wake-up and realize the banks have been brutalizing them for centuries.’

If not NOW, when? It’s now of never with this one. It’s off the scale of scandal. This is a real “lock them up and throw away the key” moment.

This is what must be kept in focus as the Libor scandal begins to expose the scale of the other banks involved in similar fraudulent activity. At present, sixteen other banks are suspected of involvement. Already, a blame-game has commenced with the current Conservative government attempting to lay the blame for the Libor scandal at the previous Labour government’s door. All of this is of secondary importance.

Here’s the take-away: Governments have colluded with banks to keep the public imprisoned with debt. Cheap loans, credit cards, mortgages, and unemployment, are the core values of Western-Liberal-Capitalist society, which is based on keeping its citizens impoverished and debt-ridden. We can only hope that the Libor scandal will lead to the irrevocable damage of the banking and finacial industry’s reputation, which will in turn lead to the nationalization of banks and strict regulation of the financial industry.

Below, Matt Taibbi tells Eliot Spitzer: “This is like finding the whole world is built on quicksand”
 

 

Posted by Paul Gallagher
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07.08.2012
01:49 pm
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Is Marxism becoming mainstream with younger people?
07.06.2012
05:09 pm
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There’s a “must read” article that appeared on The Guardian’s website—ironically on the 4th of July, America’s national celebration of revolution—about a new-found interest in the ideas of Karl Marx among younger people. Going on in London this week is a five-day seminar/festival, organized by the Socialist Workers’ Party, called Marxism 2012. The festival is expected to draw several thousand people, many of them in their 20s and early 30s.

At the start of the piece, French Marxist thinker Jacques Rancière lays out a remarkably blunt truth to Guardian editor Stuart Jeffries: “The domination of capitalism globally depends today on the existence of a Chinese Communist party that gives de-localised capitalist enterprises cheap labour to lower prices and deprive workers of the rights of self-organisation. Happily, it is possible to hope for a world less absurd and more just than today’s.”

Aren’t Marx’s venerable ideas as useful to us as the hand loom would be to shoring up Apple’s reputation for innovation? Isn’t the dream of socialist revolution and communist society an irrelevance in 2012? After all, I suggest to Rancière, the bourgeoisie has failed to produce its own gravediggers. Rancière refuses to be downbeat: “The bourgeoisie has learned to make the exploited pay for its crisis and to use them to disarm its adversaries [Tea party dupes, he is talking about YOU—RM]. But we must not reverse the idea of historical necessity and conclude that the current situation is eternal. The gravediggers are still here, in the form of workers in precarious conditions like the over-exploited workers of factories in the far east. And today’s popular movements – Greece or elsewhere – also indicate that there’s a new will not to let our governments and our bankers inflict their crisis on the people.”

That, at least, is the perspective of a seventysomething Marxist professor. What about younger people of a Marxist temper? I ask Jaswinder Blackwell-Pal, a 22 year-old English and drama student at Goldsmiths College, London, who has just finished her BA course in English and Drama, why she considers Marxist thought still relevant. “The point is that younger people weren’t around when Thatcher was in power or when Marxism was associated with the Soviet Union,” she says. “We tend to see it more as a way of understanding what we’re going through now. Think of what’s happening in Egypt. When Mubarak fell it was so inspiring. It broke so many stereotypes – democracy wasn’t supposed to be something that people would fight for in the Muslim world. It vindicates revolution as a process, not as an event. So there was a revolution in Egypt, and a counter-revolution and a counter-counter revolution. What we learned from it was the importance of organisation.”

This, surely is the key to understanding Marxism’s renaissance in the West: for younger people, it is untainted by association with Stalinist gulags. For younger people too, Francis Fukuyama’s triumphalism in his 1992 book The End of History – in which capitalism seemed incontrovertible, its overthrow impossible to imagine – exercises less of a choke-hold on their imaginations than it does on those of their elders.

This is extremely significant, as Jeffries rightly points out. Even in America this is increasingly the case. Young people who have graduated from college with crushing amounts of debt, no health insurance, and who work in dead end jobs (if they can get a job at all) with no clear path to begin their careers are becoming quite interested in understanding what the hell happened. It’s really no surprise that they’ve started to google Capitalism’s greatest critic and read up on his ideas. Many people who joined in various OWS protests around the country were further exposed to Marxist critiques of Capitalism and Slovenian Marxist philosopher Slavoj Žižek who has become an unlikely intellectual rockstar to young, politically active American leftists who hang on his every word. These recent “converts,” if you will, have only just started to do more research and talk to and exchange ideas with other like-minded people.

As today’s disillusioned, but media-savvy 20-somethings begin their own inroads to influencing the culture, expect that music, film, TV, blogs and even our mainstream news outlets will become more friendly to the ideas of Marx and Engels, even if they aren’t always given credit for them. Ideas that 160 years after they were originally formulated, are starting to make so much sense to intelligent young people living through an age of Capitalism in deep crisis. Will American ever embrace “Marxism,” per se? That seems doubtful, of course, simply due to the cultural knee-jerk taboo around this particular “ism,” but still there is the rather pressing issue of Marxism’s historical inevitability:

Call it whatever you want to, but a situation where a mere 1% of the population control most of the wealth doesn’t seem like it’s going end so well for the ones doing the hoarding.

There’s a big problem that Capitalism increasingly faces: Because of the Internet, over the past fifteen years or so, the average person has easy access to information sources that they never dreamed of or knew existed in the first place. Before the mid-90s, it was much more difficult for the man on the street to be able draw a connection between the price of a particular drug and the net worth of the CEO of the pharmaceutical company that manufactures it. Today, they are beginning to understand that when a CEO of a pharmaceutical company is making $50,000,000 a year that they are paying a TAX ON THEIR OWN HEALTH for the sake of that rich asshole’s obscene salary with EVERY PILL THEY TAKE. Or consider the tax paid directly to the billionaire Walton family from EVERY product sold in a Wal-Mart. It’s a breath-taking con when you consider that ONE GODDAMN FAMILY basically gets to add their own personal tariff to every product sold in the world’s largest retail behemoth!

HOORAY FOR FUCKING CAPITALISM.

HOORAY FOR WALL STREET VAMPIRES.

Only a delusional idiot, the Royal family, the Walton family or a charter member of the 1%, would even wish for the current system to stand as it is. And the opinion of anyone who thinks America or Europe (or China or Russia for that matter) is still going to be doing business the same way in 2032 as it is done in 2012 should be dismissed with extreme derision.

Of course, the American people aren’t going to tip sales of The Communist Manifesto (the world’s #2 selling book of all time) to overtake The Bible any time soon, but then again they needn’t read a German philosophical treatise on how the price of a particular commodity is derived, either, when they’ve got folks like Jon Stewart, Cenk Uygur, Martin Bashir and Rachel Maddow to explain it to them.

In the same sense that ideas once common to the lunatic fringe of the John Birch Society have now achieved mainstream “respect” via Glenn Beck and Fox News, so will covertly Marxist ideas become mainstreamed as younger people coming of age with their eyes wide open in this shitty economy have their day. Eventually the major tenants of Marxism will arrive in the American marketplace of ideas in the guise of plain-talking, good old-fashioned common sense.

Back to Jeffries:

For a different perspective I catch up with Owen Jones, 27-year-old poster boy of the new left and author of the bestselling politics book of 2011, Chavs: the Demonisation of the Working Class. He’s on the train to Brighton to address the Unite conference. “There isn’t going to be a bloody revolution in Britain, but there is hope for a society by working people and for working people,” he counsels.

Indeed, he says, in the 1860s the later Marx imagined such a post-capitalist society as being won by means other than violent revolution. “He did look at expanding the suffrage and other peaceful means of achieving socialist society. Today not even the Trotskyist left call for armed revolution. The radical left would say that the break with capitalism could only be achieved by democracy and organisation of working people to establish and hold on to that just society against forces that would destroy it.”

Owen Jones is right. A violent revolution in America seems beyond a remote possibility, as well, whether from the left (not enough stomach for violence) or right (stomachs too fat for being able to inflict much violence). The future American revolution will be one won at the ballot box and through superior demographic numbers. As has been pointed out many, many times, in many, many places, the heyday of the reactionary right that began with Reagan is increasingly being seen in the country’s rear view mirror, demographically speaking. America will always have its conservative wingnuts, it’s just that we’ll have far fewer of them as the Tea partiers and Fox News viewers start to die off in the coming years. Democracy is a numbers game. It always has been.

Having toiled at a major daily newspaper myself, I won’t hold it against Stuart Jeffries that he was obliged to quote at least one “Debbie Downer” about the common, hackneyed misconception of what “Marxism” means, in this case Prof. Alan Johnson, of Edge Hill University, who thinks Communism, “[a] worldview recently the source of immense suffering and misery, and responsible for more deaths than fascism and Nazism, is mounting a comeback; a new form of leftwing totalitarianism that enjoys intellectual celebrity but aspires to political power,” on the World Affairs blog:

“The New Communism matters not because of its intellectual merits but because it may yet influence layers of young Europeans in the context of an exhausted social democracy, austerity and a self-loathing intellectual culture,” wrote Johnson. “Tempting as it is, we can’t afford to just shake our heads and pass on by.”

That’s the fear: that these nasty old left farts such as Žižek, Badiou, Rancière and Eagleton will corrupt the minds of innocent youth. But does reading Marx and Engels’s critique of capitalism mean that you thereby take on a worldview responsible for more deaths than the Nazis? Surely there is no straight line from The Communist Manifesto to the gulags, and no reason why young lefties need uncritically to adopt Badiou at his most chilling. In his introduction to a new edition of The Communist Manifesto, Professor Eric Hobsbawm suggests that Marx was right to argue that the “contradictions of a market system based on no other nexus between man and man than naked self-interest, than callous ‘cash payment’, a system of exploitation and of ‘endless accumulation’ can never be overcome: that at some point in a series of transformations and restructurings the development of this essentially destabilising system will lead to a state of affairs that can no longer be described as capitalism”.

That is post-capitalist society as dreamed of by Marxists. But what would it be like? “It is extremely unlikely that such a ‘post-capitalist society’ would respond to the traditional models of socialism and still less to the ‘really existing’ socialisms of the Soviet era,” argues Hobsbawm, adding that it will, however, necessarily involve a shift from private appropriation to social management on a global scale. “What forms it might take and how far it would embody the humanist values of Marx’s and Engels’s communism, would depend on the political action through which this change came about.”

This is surely Marxism at its most liberating, suggesting that our futures depend on us and our readiness for struggle. Or as Marx and Engels put it at the end of The Communist Manifesto: “Let the ruling classes tremble at a communist revolution. The proletarians have nothing to lose but their chains. They have a world to win.”

Read “Why Marxism is on the rise again” by Stuart Jeffries at The Guardian

Thank you, RU Sirius!

Posted by Richard Metzger
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07.06.2012
05:09 pm
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