Surviving Capitalism (Not) : Anything but. . .

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

Wednesday, January 29, 2014

Anything but. . .

Click here to access article by David Ruccio from Real-World Economics Review Blog.

You have to give credit to mainstream economists: they’ll do anything to avoid talking about class.

Well, aren't we all middle-class? Of course, mainstream economists along with all ruling class directors avoid the obvious factor of class: this serves to hide the system's built-in exploitation of one segment, a tiny one, who feed off the labor of another, a huge one, which is expressed in this article as profits versus wages. They also want to hide the fact that in this system private "ownership" of the economy is a social construct which has created this tiny segment of "owners" and pits them against workers who are the vast majority. The charts in this article clearly confirm Warren Buffet's declaration about who is winning the class war.