Michael Albert is a French economist who coined the term Rhine capitalism. Twenty years ago, he looked into a crystal ball and foresaw the future. He spoke of 10 years of “ultra-liberalism,” by which he means radical, free market, laissez faire, neoliberal capitalism, initiated by the Devil Ronald Reagan in 1980.
After he wrote the book, we have had another 20 years of this insane brand of capitalism, a system which has failed nearly everywhere it has been tried on the planet. Yet both parties are utterly committed to the suicidal course of neoliberalism.
As you can see, Albert foresaw its collapse. All of us on the Left did. The Left has been writing for years saying that the system is going to blow up sooner or later. With a system like that, all it can do is blow up. That’s how it’s designed to work. Unless there are major changes in the neoliberal system, its crises will only get worse and worse. Inequality will grow greater and greater, poverty will worsen, and the periodic crises will come more frequently and worsen in severity.
What’s fascinating that is that Karl Marx predicated all of this to the T way back in the 19th Century. His analysis of capitalism has yet to be matched. At the same time, 99% of your typical Moronicans don’t realize that Marx praised capitalism nearly more than anyone in history. His praise rings to the skies and surpasses even the editorial page of the Wall Street Journal. The world had never seen such a dynamic and adaptable system, he wondered aloud. Nevertheless, he felt that its flaws outweighed its strengths and that it had fatal flaws programmed right into the system.
Now, how many of you knew that Karl Marx praised capitalism to the skies? Almost none of you. That’s what is called miseducation by a society (the US) that operates on the propaganda model. The propaganda model is most closely associated with the US media. See Noam Chomsky for more on this thesis.
Albert, from Capitalism Against Capitalism (1993):
The largest banks know, however, that they are literally ‘too big to fail’ and can count on a helping hand from government if the worst comes to the worst…Thus, in yet another intriguing but ominous irony of history, 10 years of ultra-liberalism have resulted in a US financial system whose future may only be assured with the help of federal government handouts
Moronicans are so stupid that they don’t realize that the present model of capitalism is collapsing right in front of their eyes. Sure, it can trudge on, capitalism always does, but what kind of society will we inherit? We are already dismantling most to all of our infrastructure, including education (!), health care (!), highways, the safety net, the police (!), the fire department (!), game wardens, state parks, you name it, if it’s public, it’s going down.
Conservatives everywhere on Earth and all down through time have only ever dreamed of a 3rd World society. The ultimate conservative wet dream is a 3rd world country, with the state dismantled and the rich cavorting amidst the ruins of the wailing poor, sick, starving and dying in the mud and shit.
There are many reasons why conservatism is complete shit, but that’s one of the biggest ones of them all. And you want to know why I’m not a conservative?