Surviving Capitalism (Not) : Recession Ends; Nobody Notices

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

Friday, September 24, 2010

Recession Ends; Nobody Notices

from The Economic Populist.

You no doubt heard that according to the government (of the ruling class) that the recession is over, but this blogger knows better (as do you), and furnishes an abundance of information to the contrary.

...While this statistical "recovery" can continue for years to come, the working class will continue to struggle. As long as we continue to embrace these failed economic policies, the jobless recovery that no one but a statistician can see, will become the "new normal" - a permanent lowering of living standards for the working class. The jobless recovery will become the homeless recovery.

If this is to change, it must come from below. We must accept that class does make a difference, and that the wealthy elite do not have our best interests at heart.
It's not class warfare to say this. It's simply a matter of recognizing shadows from reality.

I think that the recession is over for the ruling class--their banks have been bailed out by us working people (and we're stuck with the bill) and the global economy where the multi-national corporations play is picking up.

You see, working people with their sweat and creativity built these corporate monsters. But under the laws of private property inherent in the capitalist system, workers don't own the fruits of their labor--capitalists do. Now under globalization, sold to us by that great Democratic liberal Clinton, corporations have deserted US workers for cheaper ones in foreign lands.

So, I would differ from the author. I do not believe this recession is a result of "failed economic policies", it is because of a failed economic system.