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Old 02-13-2009, 08:08 AM   #127 (permalink)
roachboy
 
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Location: essex ma
all this follows from the founding assumptions behind neoliberalism:
capital creates wealth
labor only enters the equation as a variable cost

so capital accumulation in the aggregate is all that matters.

if these basic conditions were not in place, the reorganization of the geography of production called "globalization" would have been impossible.

the lunacy of this viewpoint is self-evident, and was from the outset--and in many ways, the crisis that we are passing through now is the playing out of the implications of the shell game that was put into place in an ad hoc manner to address by not addressing the social consequences of this ideology.
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