When "socialist" states have to impose finance-capital extremes that even exceed the financialization of nominally capitalist economies, it gives the lie to their claims of "socialism."
OK, so our collective eyes start glazing over when we see Marx and Orwell in the subject line, but refill your beverage and stay with me on this. We're going to explore the premise that what's called "socialism"--yes, Scandinavian-style socialism and its variants--is really nothing more than finance-capital state-cartel elitism that has done a better job of co-opting its debt-serfs than its state-cartel "capitalist" cronies.
We have to start with the question "what is socialism"? The standard definition is: a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
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This part I generally agree with the author about:
ReplyDelete"capitalism, which he correctly identified as disruptively dynamic, i.e. everything solid melts into air."
This is what I dislike about capitalism, that it's so disruptive and revolutionary. We had market economies before capitalism. I value tradition, older things, community, good values.
So my concern with capitalism is it's not conservative enough. The good is "creatively destroyed" along with the bad.
But rather than critique capitalism from the Right, we've gone to the Left by attempting centralisation and welfare, which are both dreadful.
We had market economies before capitalism. I value tradition, older things, community, good values.
DeleteAbsolutely.