Fictitious Capital, Real Retrogression
Year Published: 2002
Resource Type: Article
Cx Number: CX9096
Rarely in its history has capital been so explicit in affirming that people exist for the well-being of the economy rather than the opposite. What is prescribed today in a language synthesizing Orwell and Goebbels is 'reform', 'flexibility', 'risk', 'perfect markets = perfect democracy' and above all the pulverization of anything smacking of the 'social', from job security to decent retirement to public housing to welfare to progressive taxation to health care to unemployment insurance to the Social Security system to state-owned enterprises.