We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Tuesday, September 11, 2012

The Economic Religion of Finance Capital

Click here to access article by Frank Scott from legalienate.
The Virgin birth.
The Chosen people.
The Resurrection of the dead.
The Free Market.
Which of those is unsupported by material evidence but exists by virtue of practice based on fervent , coerced, or simply uncritical belief and is thus subject to failure at any moment when the belief is shaken to its roots by experienced reality?
The metaphor of "finance capitalism" as religion is very apt because that is precisely what it has become, especially in the US. Unfortunately, the author allows readers to infer that there may be some other kind of capitalism that is acceptable. Finance capitalism is merely the final stage of capitalism.