Tuesday, February 16, 2010

Capitalism cut adrift, Pt 1

by William Bowles from Strategic Culture Foundation. 
There’s no doubt about it, three decades of unregulated ‘free market’ financialized capitalism in the UK has proved to be a total disaster, but not in the ‘classical marxist’ sense of a struggle between capital and labour being played out in the streets or in our (non-existent) factories let alone in our decrepid and corruption political institutions. Instead, ‘neo-liberalism’ has failed not only on an economic level but more importantly it’s been a cultural and ideological failure, hence all the talk about regaining the ‘trust’ of the populace and lots of hot air about ‘consultations’ and ‘town hall meetings’ and of course, the inevitable patriotic jingoism about our ‘glorious’ imperial past.