When late stage capitalism takes a selfie

[Soph0571]

And the sad thing is as long as the market bounces back they could not give a shit about the millions who have lost their jobs, they will just use the opportunity to drive down the price they need to pay for human resource.

[Sherman A1]

1. K&R

Precisely.

[Scurrilous]

2. Capitalism...so doomed yet again.

'The term late capitalism began to be used by socialists in continental Europe towards the end of the 1930s and in the 1940s, when many economists believed capitalism was doomed.'

https://en.wikipedia.org/wiki/Late_capitalism




AOC huh...

The Green New Deal and Our Manic Pixie Dream Politics (Feb. 2019)

Understanding Alexandria Ocasio-Cortez as a cultural phenomenon

https://arcdigital.media/the-green-new-deal-and-our-manic-pixie-dream-politics-7e6fa348de65

[ck4829]

11. The 1930s you say...

And yet people still use the Dow as some sort of barometer into the economy and life in general...

[ashredux]

12. GREAT POST

[crickets]

31. WSJ no less. Great catch.

[DFW]

3. As opposed to late stage socialism?

¡Bienvenidos en la Venezuela socialista! ¿A ver si esto te gusta mejor?

Using labels to create enemies is not how one arrives at allies or solutions.

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[ramen]

5. That seems like a false equivalency to me.

I'd run a comparison with any of the progressive Scandinavian or European countries instead of Venezuela, personally, to take a look at a country that wields capitalism in a more compassionate way. This doesn't have to be a be a red scare.

That image is grim.. man. The stock market is a rugged place.

[DFW]

6. I'm in Scandinavia regularly and speak Swedish well. I know what the difference is.

Talk about false equivalency! Calling any of those countries "socialist" will rankle a native of any of them. They are well-regulated capitalist societies. To call capitalism our enemy begs the question of the preferable alternative, and no alternative has yet produced anything close to prosperity. I'm not interested in a "red scare," and Trump is not "late stage" anything. His brand of government approaches laissez-faire libertarianism, if one is that addicted to labels.

A few years ago, DU already had one otherwise-well-spoken poster call Obama a "piece of shit used car salesman." The fact the alternative would have been an America led by McCain-Palin was somehow omitted from his label-heavy presentation.

[ck4829]

10. It is

[Bernardo de La Paz]

18. Equivalent in extremism. The OP doesn't characterize all capitalists any more than Venezuela sociali

Equivalent in extremism. The OP doesn't characterize all capitalists any more than Venezuela socialism characterizes all socialism.

You can always find extreme examples as straw men to knock down on one side and the other.

Blended capitalism and socialism are a fine way to organize a society. Capitalism for dynamic and efficient production, and socialism for social needs.

It is a false dichotomy (another fallacy) to presume or argue that we have to choose one or the other.

[ramen]

33. False dichotomy is the fallacy I should have gone with. Thank you. nt

[Loki Liesmith]

26. Those countries are capitalists

[ck4829]

28. So is the one running low on ventilators and sedatives

[ramen]

32. Exactly, yes. That is my point,

capitalism in conjunction with a strong social safety net is not as barbaric as what we are working with.

[ashredux]

8. False choice......we have a mix right now...need good leadership

[ck4829]

13. We're not a socialist country though, so I'm not sure what the point of this comparison is...

Let's try not to distract ourselves here, let's talk about...



We need to be focused on why this is 'acceptable'. No more diversions. No more "any criticism of capitalism automatically means you want socialism!"

The people are done with the false dichotomy.

[gab13by13]

4. Using labels damn well works for Republicans.

How about calling it what it really is, crony capitalism, or is that label too offensive?

[N_E_1 for Tennis]

7. By any name, in any time...

Humans use humans. Strip away all the titles, labels whatever you need to call the use of people for profit has been around for a very long time. In some ages we were treated ok, in others well crap...not so good.

[ck4829]

9. Oh snap. K&R

[Demsrule86]

14. I have retirement money in the market...took some out. This sort of talk is not helpful

[ck4829]

16. It's not that the disparity exists that's the problem, it's talking about the disparity that is?

Yeah, it's time for this mindset to go and take a flying leap off a cliff.

[Demsrule86]

15. AOC is so talented but this sort of thing won't help her ...she has a primary opponent.

[3Hotdogs]

17. We don't have capitalism or socialism. We have fascism.

In the U.S., fascism is called by a softer name, corporatism. But its the same thing. Look it up in the internet tubes.

[Bernardo de La Paz]

19. No. Nothing is all one thing or another or even a third thing. Look THAT up.

We don't have one or another all or nothing. It's a blend and some kind of balance.

The balance is unbalanced currently. The US is drifting toward fascism under tRump. More than drifting; it is been pushed by tRump even though he is too self-centered to be fully aware of what he is accomplishing.

But the US is not there yet.

If Biden doesn't beat tRump in November then the pushing will become bulldozing.
If Biden doesn't also get one or both of House and Senate then he will need lots of ink for his veto pen.
If Biden does get both House and Senate, then he must be bold. He must be bold anyways, but can be bolder if Democrats and independents give him both.

The Senate is key to confirming judges.

Win the Senate too, but winning the Presidency is top priority. Period.

[The Wizard]

25. Mussolini concurs

and he was the father of fascism.

[Loki Liesmith]

27. Lol no

[ck4829]

29. Lol Scary close we are to this

[Roy Rolling]

20. We Paid for the Bounce

That $2.2 trillion? $500 billion for corporations.

The end game? Republicans are stuffing relief bills with pork for corporations. When there’s a Democratic President they will say “Cut Social Security! We are drowning in debt!”

Just as sure as McConnell vowed in November, 2008 to sabotage Obama’s presidency, they are looting the treasury now to make that happen.

[FakeNoose]

22. Yes this! They're already planning

... to torpedo Biden's presidency -- because they know Chump is going to lose.

The Repukes never take their eyes off the prize(s), and that's a lesson that the Democratic Party has failed to learn. The ultra-conservative judges will be appointed no matter what! The financial perks and cushy privileges will be provided to the one-per-centers no matter what! The invoice will be handed to the American people and the Democratic Party will see that it gets paid.

[Chainfire]

30. We, our children and our grandchildren

will be paying for the bounce.

[George II]

21. I have no idea what "late stage capitalism" is. Something new? I'd like to see all these.....

...."socialists" survive a week without dreaded capitalism.

Put away the phones, get off the computers, buy a pen, paper, envelopes and stamps and communicate the way people did decades ago.

Does anyone think that we'd have cell phones and computers without capitalism?

[ck4829]

23. I'm not sure those things are good examples

Seeing as they are made by people living in a communist country.

Late-stage capitalism refers to the absurdities of our current capitalist system and the latest attempts to make a buck off of it... The Dow celebrating despite record unemployment, foreclosure proceedings over a dollar not being counted in the payment, medical debt collectors and bankruptcies from medical debt, us having a "war on drugs" but Purdue Pharma being the biggest drug cartel of all, companies going under but the poor beleaguered CEOs get "golden parachutes" while those who didn't mismanage the company get nothing, men getting away with rape and killing because of their "affluenza", and so on.

Instead of participating in a false dichotomy of "AnY CrItICiSm oF GLORIOUS CaPiTaLiSM MeAnS YoU WaNT SOCIALISM!", why can't capitalists just be better?

Be better than this, capitalism.

Of course, daring capitalism to be even better than it was is probably SOCIALISM too, yes?

[The Wizard]

24. Like sharks on a feeding frenzy

predatory capitalism will devour itself. When there's only one shark left the species is extinct. Melville addressed this in "Moby Dick" which was published around the same time as "Das Kapital" in which Marx described unfettered capitalism as self destructive. Trying to explain this concept to Republicans is akin to pissing into the wind, you know, socialism is evil excepting when they are dependant on the safety net and other services that enhance the common good. Republicans don't process critical thinking and conceptual learning that well.
I have a friend whose entire family is receiving social safety net protections and his biggest concern is undocumented workers who don't look like him (darker skin). Little does he realize that the aliens he hates pay into the Social Security trust fund that keeps him above water.
Pox News has its audience that they are all victims of aliens and socialists and Democrats, all of whom should be destroyed. That they derive pleasure from the suffering of others speaks volumes about their faith related twisted morals.