Capitalists, Technocrats & Fanatics: The Ascent of a New Power Bloc

Click here to access article by James Petras from Boiling Frogs Post.

Today capitalists everywhere confront great uncertainty, as markets crash and endemic corruption at the highest levels erode competitive markets. Throughout the world, large majorities of the labor force question, challenge and resist the massive transfers of public wealth to an ever reduced oligarchy. Electoral politics no longer define the context for political opposition.

Capitalism, neither in theory nor practice, advances through reason and prosperity. It relies on executive fiats, media manipulation and arbitrary police state intrusions. It increasingly relies on death squads dubbed “Special Forces” and a ‘reserve army’ of para-military fanatics.

The new power bloc is the merger of big business, the wealthy professional classes, upwardly mobile, elite trained technocrats and cadres of ethno-religious fanatics who mobilize the masses.