Tagged: crisis theory

Clock strikes ten

The shift from humourless intersectionality to ironic, lifestyle feminism is welcome. Thank you, Ms Dunham.

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In the wake of the Greece debacle (for Mr Tsipras and the demagogue Varoufakis), talk of the final days of capitalism is sure to ensue. It’s worth remembering that the end of capitalism was just around the corner. In 1848. The final crisis of capitalism never quite happened. Hence, in its place there arose the “crisis of crisis theory” (Claus Offe). Anyone recall the “falling rate of profit”?

Capitalism is always innovativing, which Marx recognised. Methods of procuring profit are revolutionised constantly; whatever does not work, is abandoned. What Marx failed to recognise was the role that the state would play in extending the shelf life of capitalism well beyond his worst fears. The state is not merely the “executive committee” of the bourgeoisie in its struggle against the working class; it is also an engine of capitalist expansion. Most importantly, the state makes the ethereal, invisible hand quite visible to investors.

The term “postcapitalism” is a fudge on the fact that it’s still capitalism (or “late capitalism” as per Adorno). Mr Graeber is, at best, a theorist of the “last crisis,” not the “next crisis” and certainly not the “final crisis,” which never arrives anyway. My advice: don’t waste time enrolling in Potlatch Economics 101.

Politics aside

Ted Cruz’s political beliefs represent the far right fringe of an already right-wing Republican Party. He’ll never attract the middle of the political spectrum, which is where political struggles are won and lost in a two party system.

I can’t wait for the Birthers Inc. to come out and eat one of their own.

It has begun:

Real estate tycoon Donald Trump cast doubt Monday on whether Sen. Ted Cruz (R-Texas) can run for president, because Cruz was born in Canada.
“It’s a hurdle; somebody could certainly look at it very seriously,” Trump said during a phone interview Monday on My Fox New York.
“He was born in Canada. If you know and when we all studied our history lessons, you are supposed to be born in this country, so I just don’t know how the courts will rule on this.”

Crisis theory has been around since at least 1848 and is now the staple of the far left and far right. Which is fine, because the sky is always falling. On them.

Meanwhile, life goes on in the metropole pretty much as it has since there was a metropole: endless shopping, expensive meals, and, in more bohemian locales, free wifi and artisanally poured lattes made from Fair Trade beans.

The coffee house was the engine of the Enlightenment; the Republic of Letters was nurtured over strong brew.

Politicians who can’t handle a charivari probably should leave the political arena.