Class Warfare Blog

February 17, 2017

So, Now It Is Obvious?

From the Naked Capitalism web site (“Grantham: ‘Twas Capitalism That Killed Capitalism” posted by Yves Smith, text attributed to Jeremy Grantham):

An extraordinary, large exit poll run by Reuters/Ipsos in which 45,000 people participated took place in the early evening on election day in the US. To say this was a detailed poll is an understatement. The spreadsheet for each question in small print runs the length of a generous dining room table, 11 feet! … The critical statement polled, in my opinion, was this: ‘America needs a strong leader to take the country back from the rich and powerful.’”

The response to that question: 74% agreed.

“The lack of class war or economic war in the US has always been a fiction,
but it has been mostly hidden, and deliberately so,
by the side so completely winning the undeclared war.”

By this time some readers may be asking for a profile of the 74% of the final 45,000 who voted against the rich and powerful. Who are these people? Well, they are us. All of us. I have never heard of a vote so uniform: whether Republican 72% or Democrat 77%; Male 74% or Female 75%; White 75% or Black 74%; Rich 70% or Poor 79%; Christian 74% or Muslim 72%; Graduates 68% or not 76%; they all agreed. They have all had it with the rich and powerful. And as for me, I don’t blame them. I think capitalism has lost its way. And has badly diluted the value of democracy along the way. We can only hope it is very temporary.

“I think capitalism has lost its way.
And has badly diluted the value of democracy along the way.
We can only hope it is very temporary.”

The lack of class war or economic war in the US has always been a fiction, but it has been mostly hidden, and deliberately so, by the side so completely winning the undeclared war.

This is what got us our current President. It was either him or Mrs. Status Quo. Unfortunately the biased selection process got us the wrong man. We needed Bernie Sanders to even begin the correction process.

If our current President believes he has a mandate, can you see anything in the actions of the current administration that equates to “taking the country back from the rich and powerful?”

No? Neither do I.

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5 Comments »

  1. Isn’t the concept of capitalism working for the poor in itself flawed?

    Like

    Comment by The Pink Agendist, née Mr. Merveilleux — February 17, 2017 @ 9:24 am | Reply

    • There was a form of capitalism in the US in the 1950s, 60s, and 70s that looked at customers, workers, and shareholders as all being stakeholders. These corporations backed government-sponsored legislation to help the poor. During this time period the rate of income growth of all segments of the economy were roughly equivalent. Today, the richer are gaining extravagantly while the poor are losing ground, actually losing income.

      In a functioning capitalistic society, the corporations pay taxes and the government elevates the poor. It can work but, unfortunately, we will not find out how well as that form of capitalism succumbed to the greed of corporate CEOs and investors. Currently I am hoping for some form of democratic socialism.

      On Fri, Feb 17, 2017 at 9:24 AM, Class Warfare Blog wrote:

      >

      Liked by 1 person

      Comment by Steve Ruis — February 17, 2017 @ 9:31 am | Reply

      • Capitalism was never meant to be completely unfettered. Adam Smith himself recognized the need for some government controls to reign in the avarice that men are capable of.

        Like

        Comment by lbwoodgate — February 17, 2017 @ 4:05 pm | Reply

  2. Capitalism hasn’t just lost its way, it was killed by Corporatism in the 80’s

    Like

    Comment by john zande — February 17, 2017 @ 5:08 pm | Reply

    • Not killed … captured … along with our governments!

      We need teeshirts: Free Capi! Free Govi!

      On Fri, Feb 17, 2017 at 5:08 PM, Class Warfare Blog wrote:

      >

      Liked by 1 person

      Comment by Steve Ruis — February 17, 2017 @ 10:18 pm | Reply


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