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Old 12-15-2008, 10:45 AM   #40 (permalink)
roachboy
 
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i don't think that capitalism is particularly strong or resiliant, really, particularly not when the inmates are running the asylum as has been the case under neoliberalism. it has periodically been bailed out by states---which are in part safety mechanisms developed alongside capitalism precisely to save it from itself.

this is as much a political as an ideological and economic transition that we are living through: it is going to be very difficult for the americans to navigate it considering that the onus for much of the trouble lay squarely on cowboy capitalism. i think of all the various problems of recognition in your posts, ace, this is the most basic. you insist on trying to separate the economy from other factors, which is quaint. you insist on repeating the self-evident claim that not all sectors of the overall socio-economic regime are equally or simultaneously affected by this---to which the answer is "duh"---but at the same time, this is an evolving situation. if the republican anto-union vendetta ends up scuttling aid to the automobile industry, you'll find it far more difficult to make the pollyanna case that you seem committed to making.
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