Sunday, March 08, 2009

Capitalism's Deadly Logic

Capitalism's Deadly Logic

Tariq Ali in The Nation

The crisis confronting capitalism is a vivid demonstration of the vapidity that underlay the appeal of globalization (a k a the Washington Consensus) as a mantra for all seasons, all times, all countries and all continents. Mass unemployment once again threatens the advanced capitalist world, as it has during thirty-four business cycles since 1854. Ehrenreich and Fletcher map today's conditions, underline the weaknesses of the left on every level and then pose the old question, What is to be done?

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