Capitalism is synonymous with “liberalism” if, by this we mean not the beneficent image that the “liberal” label frequently brings to mind, but the plain and total exercise of the domination of capital, not only over work and the economy, but over all aspects of social life. There can be no “market economy” (a vulgar expression for capitalism) without a “market society.” Capital stubbornly pursues this distinct objective — money; accumulation for its own sake. Marx, and after him other critical thinkers like Keynes, understood this perfectly. But not our conventional economists, including many of those ostensibly on the left.
This model of total and exclusive domination by capital was imposed ruthlessly by the ruling classes throughout the previous long crisis until 1945. Only the triple victory of democracy, socialism, and the national liberation of peoples in innumerable struggles made possible the replacement for a time of this capitalist ideal. From 1945 to 1980, it was supplanted by the conflictual coexistence of three socially regulated models: the welfare state of Western social democracy; the “really existing” socialism in the East; and the popular nationalisms in the South. The demise and collapse of these three models made possible the return of the exclusive domination by capital, this time described as the neoliberal phase of capitalism.
Samir Amin, Seize the Crisis! (via arielnietzsche)
(Source: jayaprada, via pragnacious)
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