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rogerashton

(3,948 posts)
8. Defeatism is always tempting.
Tue Feb 17, 2015, 06:38 AM
Feb 2015

But you are right on one thing. Capitalism is no longer doable. What we have is crony capitalism, and Citizen's United is essentially the constitution of crony capitalism. But crony capitalism is 1) very inefficient -- by the standards of pro-capitalism neoclassical economics! See Stiglitz' The Price of Inequality on that; 2) also increasingly unstable as inequality increases. (Stiglitz, who believes that capitalism can and should be saved, has no solution. Keynesian economics can trim the sails -- but when the mainmast is overboard, there are no sails to trim.)

But on your other point -- only half right. Soviet-type socialism is not doable, I agree -- except perhaps as a temporary emergency measure. But that has never been the only plan for socialism. A socialism based on decentralized worker-control and planning from the bottom up can give us a future worth having.

As a Fabian socialist, my hope is that the self-destruction of capitalism can be foreseen and avoided by building socialism through democratic processes. I admit my hopes on that score are less than they were. The alternative -- self-destructive collapse of capitalism followed by revolution "like kicking in a rotten door" -- would mean a terrible life for our children, though our grandchildren could reap the benefits. For our children's sake, we need to get out there and change minds, despite the obstacles created by Citizens United and all the other advantages that the billionaire class has. And make no mistake -- I am old enough to remember the eighties and nineties -- neoliberalism does not have the momentum it had. People are looking for some answers. Don't give up.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Yes. TexasTowelie Feb 2015 #1
Oh bloody hell Depaysement Feb 2015 #2
I've wondered that to Kevin newfie11 Feb 2015 #3
Capitalism is no longer doable, imthevicar Feb 2015 #4
Defeatism is always tempting. rogerashton Feb 2015 #8
I'm a Cynic, Defeatist join the other side. imthevicar Feb 2015 #10
No, you are a defeatist. rogerashton Feb 2015 #13
Well let's see. imthevicar Feb 2015 #19
How did I insult you? rogerashton Feb 2015 #20
Where there's life, there's hope Demeter Feb 2015 #5
I agree But, imthevicar Feb 2015 #21
I thought you knew ... Martin Eden Feb 2015 #6
http://www.wolf-pac.com/ harun Feb 2015 #7
Except for a very brief window in the 1930s... wyldwolf Feb 2015 #9
And as Bernie Sanders points out, economic inequality is back to what it was then. Erich Bloodaxe BSN Feb 2015 #16
It's difficult to avoid being demoarlized in these times, but I believe things will eventually swing Scuba Feb 2015 #11
socialism gets a bad rap vlyons Feb 2015 #12
yes, but RedstDem Feb 2015 #14
I think so, I think it will emerge state by state. Starry Messenger Feb 2015 #15
Well, I certainly hope not. Because it's either socialism or barbarism.......... socialist_n_TN Feb 2015 #17
I doubt it - TBF Feb 2015 #18
Not in our lifetime, and IF folks like a number of them here .. 2banon Feb 2015 #22
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