It is not those who advocate, but those who prevent, stabilizing transfers of purchasing power, who are the true Marxists. These self-styled capitalists do not espouse Marx’s theories, but they do something much worse: They perform them. They behave in precisely the way that Marx expected capitalists to behave. They cripple the American system’s greatest strength — its ingenuity, flexibility, adaptability. They prevent the sort of collective action through which earlier generations proved that capitalism could made be consonant with decent, stable, and broadly prosperous societies. In doing so, they risk proving Marx right.
IPE @ UNC
IPE@UNC is a group blog maintained by faculty and graduate students in the Department of Political Science at the University of North Carolina at Chapel Hill. The opinions expressed on these pages are our own, and have nothing to do with UNC.
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Showing posts with label Capitalism. Show all posts
Showing posts with label Capitalism. Show all posts
Sunday, February 20, 2011
QOTD
Labels: Capitalism, MarxismTuesday, August 3, 2010
Turnabout Is Fair Play
Labels: Business cycle; recession; financial crisis, Capitalism, Marxism, Political Economy
I don't want to be accused of reducing this blog to a YouTube channel, and I have several substantive posts in the works, but I recently posted the animated version of David Harvey's critique of capitalism, and so feel compelled to offer this riposte. I don't agree with everything in either of them, but both are entertaining and contain some substance. If you watched and enjoyed the first one, then you should watch the rebuttal. If you didn't, you should watch both.
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