The horizon is not so far as we can see, but as far as we can imagine

Tag: pre-revolutinary world

Will Capitalism Be Replaced By Something Better?

The short answer is: “Who knows?”

The longer answer is “probably not,” simply because we have such a mess coming down the road in terms of climate change, resource exhaustion, imperial collapse, and so on.

But the answer isn’t “No.”

The answer is that it is possible. Not likely, but not so unlikely as to be a write off not worthy of consideration.

Far better systems can be thought up, I believe. I believe it’s even possible those systems would work with human nature well enough to be viable (a.k.a., are not utopian, in the impossible sense).

I also think they are our best alternative.

Wait? What?

Yeah. I think the odds are less than even that we pull it off, but I also think it is our best chance.  Sometimes the best bet you’ve got just isn’t a very good bet. We either fix the way our economic system works (how we turn resources into goods and services) and our political system works (how we make group choices) or we could go extinct. Better case scenarios involve billions of deaths and amazing amounts of suffering.

Of course, dividing the problem in two is wrong. Capitalism isn’t “just” an economic system.  The great mistake of the social sciences was changing from “political economics” to “economics.” Capitalism is a political choice, but it’s also how we make most of our group choices.

The right is right. Ideas matter, and the ideas on the ground during a crisis are important.  We’ve got a lot of crises ahead of us. That is bad, but it is also our hope. Setting up to win those crisis points is what matters. The neoliberals won the last one (the financial crisis), but no one wins them all.

It would be good if we had some radical options on the floor which would also make most of humanity better off, provide for freedom, and so on.

So figure out what you want to replace capitalism (or how it can be radically fixed); and do look seriously at the political system. Democracy is not going to be immune from the fallout (nor is the sort of one-party state China runs.)

We can create a better world, but that doesn’t mean we will. It’s up to us, to humanity, in the largest sense.


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Failure Is the Precondition for Fascism

Nuremburg

Nuremburg

Well, not all the time, but it is one of the necessary preconditions.

More broadly, when the old regime has failed (lost a war, bungled the economy), then people are willing to try something else. This “something else” may mean electing someone like FDR. It may be allowing someone like Stalin or Hitler to rise to power. It may be opting to try Communism. It may be electing someone as mild as Corbyn.

Or it may take the form of someone like Trump or Cruz.

Unhappiness occurs during decline.

Decline. The US economy has been lousy for most people for decades. Since somewhere between 1968 and 1980. 1968 was the peak of wages for working class white males, for example. You are surprised they are unhappy? They have been in decline for almost 40 years.


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Women’s wages were rising through much of the period. They might be less than men’s, but they were rising.

Happiness is predicated on doing better than in the past. It doesn’t have to better by much, it just has to be better.

Since 2008, the economy, for the majority of the population (over 80 percent, over 90 percent by some calculations), has been bad. They have lost income. Their houses are worth less. They are less likely to be employed, much less have that lesser job.

They are ripe for fascism.

They are ripe for any sort of radical change offered by anyone who doesn’t parse; doesn’t feel, like one of the current set of elites. Trump does not, Cruz does not, Sanders does not. In Britain, where the situation is similar, Corbyn does not.

This is the beginning of the time of changes. Some countries will choose well, others will not, but the issues of how and by whom countries are run is in play–in a way it has not been in my lifetime.

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