rich running for their lives
The lines of a ferocious struggle are crystallizing. In fact, it has been ongoing for decades, even centuries, but in the United States and elsewhere it has been strangely one-sided for some time. A class war from above has been assaulting us, with little visible response, outside of occasional outbursts from those most victimized and excluded by the system of domination and exploitation.
The global economic system has sustained itself, since the early 1970s, through the expansion of debt—corporate, household and state debt. The US has gone through an orgy of overconsumption; other countries exporting to the US market, an orgy of overproduction. Added to this already volatile situation was a massive amount of fraud and speculation, torrents of blood money for a repressive security-surveillance-industrial complex and imperial wars, the unprecedented acceleration of giant financial transactions, and, fundamentally, all the limits the capitalist delirium of eternal economic expansion and profit accumulation is bound to run into.
The inevitable disaster arrived in 2008. State and central bank bailouts saved the financial system, but the rest of us have to live through the consequences: tremendous unemployment, home foreclosures, “austerity”—i.e. decimation of wages and benefits in the public sector, elimination of social services, etc. An enormous upwards transfer of wealth has been engineered. What was already a vicious neoliberal attack on ordinary people beginning in the Reagan-Thatcher years—depressed wages; spurs to new levels of productivity; a prison-industrial complex to exacerbate racial divisions, confine and torture those “superfluous” to the work-system, and send a warning to the rest of us—has blossomed into open destruction of our lives. Passivity and conformism were once the norm, but it has become increasingly difficult to ignore the social and political problems weighing down on us.