[I am publishing early and somewhat modified versions of self-contained sections from my forthcoming book “Capitalism, alone”, Harvard UP, hopefully 2019. They may be a bit longer than my usual posts. This is the first such piece. All comments are welcome]
Global Inequality
Will bourgeoisie ever rule the Chinese state?Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace
If the capitalists control democracy then we don't have a democracy, we have an oligarchy. What's the point of China becoming democratic only to be controlled by the fascist US oligarchs.
ReplyDeleteI don't know what the answer is, capitalism means control by an oligarchy, and statism means control by an oligarchy. China might have a good lot in charge at the moment (I have no way of knowing if this is true without doing extensive research on it), but if it gets a bad lot in, how do you get rid of it?
Perhaps more collectives and cooperatives are the answer. Capitalism has provided for the material needs of a few in the west, but fails to provide for other basic human needs, like down time and hobbies, social time, family life, and friendship. Is there a way of getting the best of both worlds? Somehow I don't think Egmont's scientific economic system is the answer.
“If the capitalists control democracy then we don't have a democracy, we have an oligarchy.“
ReplyDeleteI’m getting just about everything I voted for so we have a democracy here in US at least for sure....
Yes, you voted for it, but you're vote did not make any difference.
DeleteDo you have shares in the military-industrial complex?
No I support the Trump nationalist policies.... Wall, tariffs, US bank reform apart from Basel, military tech refresh, pro US jobs, infrastructure, USD zombie eradication, etc...
ReplyDeleteMany on the right (other than neo-cons) are VERY happy with Trump....
I didn’t go all around when Obama won for 8 years saying “its an oligarchy conspiracy!” its called Democracy you don’t always get your way...
This isn’t Russia he’s got to stand again in 4 years... if he doesn’t produce he probably gets voted out...
Obama is just a puppet. The oligarchy put him in place.
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