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Capitalist hype in the age of climate catastrophe //[pen-l] Fwd: The new pragmatism: Paul Collier on how to save capitalism

February 16th, 2017 · No Comments

We should be long since past this kind of useless capitalism defense: we live in state of economic disgrace and there is no excuse for the hopeless confusion created by capitalists and their ideology.
We have suggested a real way to move beyond capitalism, Democratic Market Neo-communism and this even require a total absence of markets. We live in this confusion not because we have no alternatives but because capitalism run amok was delivered from all constraints by the neoliberal Ayn Rand fanatics. It doesn’t have to be that way and the onset of climate catastrophe is going to force the issue…

Meanwhile, the only contemporary eruptions from the Left are pantomime Marxism. In the decade preceding the demise of Communism there was an upsurge in books predicting the demise of capitalism, and memories have evidently receded sufficiently to support a revival. The ideological vanguard will find Wolfgang Streeck’s How Will Capitalism End? satisfyingly turgid and pretentious, while for the useful idiots I recommend Peter Frase’s Four Futures: Life after capitalism as engagingly inspirational. If you enjoy these books, you may also, as the phrase goes, enjoy Harry Potter. Yet, while capitalism at last stands electorally victorious and philosophically without serious rival, its performance has become manifestly unsatisfactory. Its core credential of steadily rising general living standards has been badly tarnished: a majority now expect their children’s lives to be worse than their own. It is time for “The Future of Capitalism”. Unfortunately, nobody has yet successfully written that book. In its absence, I will try to weave something from the strands of recent contributions to the field. full: http://www.the-tls.co.uk/articles/public/how-to-save-capitalism/

Source: [pen-l] Fwd: The new pragmatism: Paul Collier on how to save capitalism

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