Political Thinking

And then, as if by magic, this is written. Published by Project Syndicate

www.project-syndicate.org/onpoint/capitalism-turning-feudal-or-fatuous-by-james-livingston-2024-02?utm_source=Project+Syndicate+Newsletter&utm_campaign=3cbb8c3225-sunday_newsletter_02_18_2024&utm_medium=email&utm_term=0_73bad5b7d8-3cbb8c3225-93555885&mc_cid=3cbb8c3225&mc_eid=04907c6ca0

"And now, if we are to believe Quinn Slobodian, Clara E. Mattei, McKenzie Wark, and Yanis Varoufakis, capitalism, too, is past its expiration date. Once upon a time, as the saying goes, it was easier to imagine the end of the world than to imagine the end of capitalism. No longer."

"Karl Marx liked to say that the effect of an external shock on any organism depends as much on the condition of the organism as it does on the nature of the shock. These authors agree in the sense that they regard the economic crisis of 2008-09 and the pandemic of 2020-21 as blows to a market society that was already staggering – hollowed out by the “financialization” or “dematerialization” of assets and the concurrent development of algorithmic means of predicting, even producing, consumer behavior, and shaping, even controlling, markets. And perhaps, they suggest, intellectual decadence – the gross deficiencies of logic, evidence, sympathy, and taste inscribed in the complacencies of monetarism, neoliberalism, populism, and/or free-market radicalism – had fueled ideological decomposition, making the justification of capitalism more difficult for anyone inclined or employed to do so."

This particularly

"And perhaps, they suggest, intellectual decadence – the gross deficiencies of logic, evidence, sympathy, and taste inscribed in the complacencies of monetarism, neoliberalism, populism, and/or free-market radicalism – had fueled ideological decomposition, making the justification of capitalism more difficult for anyone inclined or employed to do so."

Apologies to LostinSpace for posting this