An assessment of the current situation

I wrote a diary titled 'Riley and Brenner's astonishing piece in NLR" which got into an assessment of the current situation which hasn't received publicity. Rather, each political faction operates on a different level of delusion, and very few people believe in a reality-based radicalism which would actually change the situation if it could attain some level of critical mass.

So for instance you have "progressives" and "the Left". "The Left" believes that capitalism is going to last forever, so everyone should vote for Democrats because every once in awhile they claim to believe in something other than neoliberalism. This common "Left" belief has led reality-based radical David Rovics to believe that "the Left" is dead:

Perhaps there is enough evidence at this point for many people to believe that "the Left" was never alive in the first place. The current formation of "Left" neoliberalism dates back to the Eighties, and to the coalitions brought together in 1988 to make Michael Dukakis the Democratic Party's Presidential nominee. We've had 34 years to figure out who the "Left" neoliberals are. You'd think we'd know by now.

"The Right," on the other hand, believes in some version of nonsense based on anti-immigrant hysteria, anti-abortionism, right-libertarian (which is to say, capitalism uber alles) pomp, and conspiracy theories of various sorts. None of those beliefs are of much importance. They contributed to the election victory in 2016 of Donald Trump, who put three people in the Supreme Court, appointed a bunch of judges, lowered taxes for the super-rich, and didn't do a whole lot otherwise. (Next time you're with some Trumpies, ask them: what did he get you?) The anti-immigrant stuff dates back to chief deporter Barack Obama.

Political reality is more or less set by "political capitalism." Riley and Brenner:

This new electoral structure is related to the rise of a new regime of accumulation: let us call it political capitalism. Under political capitalism, raw political power, rather than productive investment, is the key determinant of the rate of return. This new form of accumulation is associated with a series of novel mechanisms of ‘politically constituted rip-off’...The rise of political capitalism has profoundly reconfigured politics. At the elite level, it is associated with vertiginous levels of campaign expenditure and open corruption on a vast scale.

Here's a hint: capitalism is not going to last forever. Rather, there will be a crash. I have no idea what your government will do, or whether it will be effective at all. To this point, US governments have relied upon dollar hegemony, and I'd imagine that dollar hegemony will go before capitalism goes. At any rate, I don't have any idea why the vast majority of Americans -- at this point -- appear to cling to meaningless political beliefs. They will all be taken by surprise.

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QMS's picture

the advent of the 'smart' phone has left the masses with nothing more than distraction
and cruel punishment entertainment. Left, right or middle no longer matters.

Power is the reason for capitalism, as is its' mirror image. People have no power, yet are
enthralled with the idea of capital enhancement. The pheromones excited by the hand
held devices, and the false sense of knowledge about the world is a virus. The desire to
control our surroundings is not a very healthy path IMO.

Add to that - people are willing to trade their freedoms for the security of mass
acceptance of dictated memes. Your conclusion of people clinging to meaningless
beliefs is very astute.

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I think the right only believes in amassing power and punishing their enemies. For the left, it's who deserves toys in their stocking, and who deserves nothing but neglect. Neither believe in capitalism, or they wouldn't rig the economy and the tax system to pamper the winners. So the dollar tanks, as long as they have control over the rest of us, they don't care. No matter what, we'll end up paying for all their sins while they skate on to heaven. We always do. We'll own nothing. The happy part was a lie.

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(Next time you're with some Trumpies, ask them: what did he get you?)

I'm certainly not a Trumpy but there were a few things that many didn't notice. The most predictable lefties are highly educated and low income, the most predictable righties are high income low education.

Trump cut the amount of income small business owners were charged taxes on by 20%. Every truly self employed person.

Low income workers experienced the first rise in wages in a long long time.

As for what elected him, it was Democrats. Former Obama voters. Midwestern working class. I'd go slow calling anything pocket book related hysteria too. People who work take supporting their families real serious. And conspiracy theories? Do you realize you are on C99?

Carry on, capitalism dead etc. First couple paragraphs caught my eye and I thought I'd respond.

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Cassiodorus's picture

@ban nock And small businesses!

Small businesses often fail. The obvious reason is that they can't survive on the tiny margins large businesses can handle. I'm not going to go over the stats. Here's a website:

https://www.forbes.com/sites/forbesfinancecouncil/2018/10/25/what-percen...

Our government's failure to provide the public an adequate public stimulus is probably also a significant driver of small business failure. Of course, this is a problem not limited to Trump -- but it's not like he was radically different from the others.

And then there's the problem of what the taxes are used for. The list is given in the Riley and Brenner article:

Bush’s Prescription Drug legislation, Obama’s Affordable Care Act, Trump’s cares Act, Biden’s American Rescue Plan, the Infrastructure and chips Acts and the Inflation Reduction Act.

And don't forget the endless and pointless wars! Yes, I know, Trump wanted to end some of them. If you see him on the street, ask him why he waited until the end of his term to do anything about it.

American politics, like the politics of many countries, is a Battle of the Inadequates. What was nice about Trump was that the Hillary Clinton endless-wars-plus-fiscal-austerity initiative was derailed. And that's it. Perhaps the next crisis will create a sufficient public uprising to demand adequate solutions.

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“When there's no fight over programme, the election becomes a casting exercise. Trump's win is the unstoppable consequence of this situation.” - Jean-Luc Melanchon

janis b's picture

@ban nock

but I wouldn't bet on it.

"The most predictable lefties are highly educated and low income, the most predictable righties are high income low education."

The following article contradicts another of your statements ...

Including all four years since the tax cuts went into effect—two before COVID, one in the midst of COVID, and one after COVID—individual and corporate tax revenue is $195 billion below the CBO’s 2018 estimate. The chart below shows tax receipts a bit more simply, as a percentage of GDP. On the whole, the Trump tax cuts are on track to cost more, not less, than the CBO’s 2018 estimate of $1.9 trillion in additional federal debt. That means they’re mostly just a transfer of money from future taxpayers to present ones — and no miracle at all.

It also lowered the corporate income tax rate from 35% to 21% and cut other business taxes.

https://finance.yahoo.com/news/3-myths-about-the-trump-tax-cuts-15580129...

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ggersh's picture

Left, right, is nothing but theater and elections don't matter
except to give the illusion that amerika is a demockracy

In the west, ideology is more important than competence. You can waste trillions of dollars, kill millions of innocents, lie to your own people and in the end even get caught red handed and none of it matters. They receive a promotion, not punishment.

The United States is a criminal enterprise masquerading as a government. It is twisted, sick and evil and somebody badly needs to put it down before it kills and enslaves us all.

Posted by: JustAMaverick | Dec 28 2022 16:37 utc | 1

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I never knew that the term "Never Again" only pertained to
those born Jewish

"Antisemite used to be someone who didn't like Jews
now it's someone who Jews don't like"

Heard from Margaret Kimberley

@ggersh is a Pirate Ship, roaming the globe and stealing whatever it can get its hands on. murdering millions who get in its way.

"Sanctions, embargoes, seizures, blockades, wars" all means to the same end.

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NYCVG