Do as I Say, Not as I Have Done
Published at 14:09 on 17 September 2011
That’s what comes to mind when I read this story. Fresh from a conflict within his own government over how to manage the US budget, Geithner goes to Europe and tut-tuts at the Europeans for failing to act promptly and decisively about their economic problems.
Really, it looks like the post-WWII incarnation of modern capitalism is mostly done with. Those who oversee such societies are no longer willing or able to make the sort of departures from ideological orthodoxy necessary to sustain such a self-contradictory system.
The only question is whether the sort of class consciousness needed to seriously threaten (or, better yet, replace) the capitalist system exists as that system heads further into its worst crisis since the Great Depression. Particularly here in the USA (amongst the most clueless of all countries when it comes to class issues) that is, alas, highly dubious.