Sunday, November 21, 2010

Modern Day Marxism


[Marx] offered lots of insights into how society works, and he was an extremely good analyst of the current events of the day. I think he would take it for granted that elites are basically Marxist - they believe in class analysis, they believe in class struggle, and in a really business-run society like the United States, the business elites are deeply committed to class struggle and are engaged in it all the time. And they understand. They're instinctive Marxists; they don't have to read it.

Warren Buffett:

“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”

What on earth could he mean?


Americans have the highest income inequality in the rich world and over the past 20–30 years Americans have also experienced the greatest increase in income inequality among rich nations. The more detailed the data we can use to observe this change, the more skewed the change appears to be... the majority of large gains are indeed at the top of the distribution.

Neoliberalism, all that b-s about privatization, deregulation, economic reform etc etc has in fact been nothing but a plot to reestablish high and growing income inequality. Congratulations, well done. You've succeeded. Can we have a revolution now?

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