Bailout Meets Marx

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2 Joseph Lowery
Jan 20, 2009
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I just watched most of this whole discussion (which you can find on Fora, here) as background for a paper I’m doing on process theology and economics.If you can get beyond the sincere though smug circle-jerking lefty-ism of the thing, they do raise some interesting points.  That might be a little harsh, so let me balance that by saying I have read at least one if not more of the works of all of the panelists.  And learned a good deal from all of them.But there’s a really weird moment in the whole conversation particularly when the insufferably cranky leftist Marxist boomer (yikes, yikes, yikes, yikes to all that) David Harvey asks Naomi “Why aren’t people more angry?”  Angry about the bailout, the cronyism, and all the rest?And it should have occurred to him or her because it occurred to me (and this isn’t some fantastically brilliant insight on my part just basic common sense), Klein and Harvey just spent minutes bemoaning the fact that everything is about economics and the elites, the powerful (they are classical Marxists both of them after all) and then wonder why people are apathetic?  Perhaps it is because if they actually bought into your storyline about the world, the clear implication is that they are powerless to do anything and therefore are actually responsibly.  You hear it in Klein saying (rather ludicrously) that Alan Greenspan built the entire (derivative?) market.  No acting humans subjects (minus the uber-powerful), no humans flawed in economic thinking–the powerful are always so rational in these systems…if not rational then at least completely logical in their self-interest.  My (albeit limited) interactions with rich and powerful usually leave me convinced that they are not the brightest bulbs I typically interact with.  .But in traditional le...
Nov
2008

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I just watched most of this whole discussion (which you can find on Fora, here) as background for a paper I’m doing on process theology and economics. If you can get beyond the sincere though smug circle-jerking lefty-ism of the thing, they do raise some interesting points.  That might be a little harsh, so let me balance that by saying I have read at least one if not more of the works of all of the panelists.  And learned a good deal from all of them. But there’s a really weird moment in the whole conversation particularly when the insufferably cranky leftist Marxist boomer (yikes, yikes, yikes, yikes to all that) David Harvey [whose book on The History of Neoliberalism I actually liked in some ways] asks Naomi “Why aren’t people more angry?”  Angry about the bailout, the cronyism, and all the rest? And it should have occurred to him or her because it occurred to me (and this isn’t some fantastically brilliant insight on my part just basic common sense), Klein and Harvey just spent minutes bemoaning the fact that everything is about economics and the elites, the powerful (they are classical Marxists both of them after all) and then wonder why people are apathetic?  Perhaps it is because if they actually bought into your storyline about the world, the clear implication is that they are powerless to do anything and therefore are actually responsibly.  You hear it in Klein saying (rather ludicrously) that Alan Greenspan built the entire (derivative?) market.  No acting humans subjects (minus the uber-powerful), no humans flawed in economic thinking–the powerful are always so rational in these systems…if not rational then at least completely logical in their self-interest.  My (albeit limited) interactions with rich and powerful usually leave me convinced that they are not the brightest bulbs I typically interact with.  [The sample size of my life's interactions with the aristocracy are probably not a legitimate s
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