Why is the capitalist class saying this is minor crisis?

[Charles Xavier]

What is the political/economic goal of the capitalist class saying this is minor crisis, before they were denying there was any crisis, now they are saying its over. Or its mild, or whatnot.

Whats with the spin?

[GPDP]

The more people think the crisis is minor or even over, the sooner they will regain trust in the economy and the current order, and thus the sooner they can get back to being good little atomized consumers.

[pastradamus]

The status quo are simply protecting their positions by propagating the use of words.For example it becomes "recession" as opposed to "depression", "global downturn" as opposed to "economic crisis" and so on. Pure propaganda.

[Psy]

All ruling classes want people to think they have everything under control and they do this by downplaying crises. All ruling classes justify their position by being the natural rulers of society, if they admit they are overwhelmed by the crisis it would contradict their justification for having their privileged position in society.

[piet11111]

What is the political/economic goal of the capitalist class saying this is minor crisis, before they were denying there was any crisis, now they are saying its over. Or its mild, or whatnot.

Whats with the spin?

because saying "people nobody is flying the F-ing airplane and we do not have a f-ing clue what the F we are doing" tends to send a message that does not inspire a lot of confidence.

if they where to say this is the biggest crisis even bigger then the one we call the great depression the masses would demand action and at this point nothing can be done that would not hurt their position of wealth and power.

[Dimentio]

What is the political/economic goal of the capitalist class saying this is minor crisis, before they were denying there was any crisis, now they are saying its over. Or its mild, or whatnot.

Whats with the spin?

Obviously because this is'nt a minor crisis. I wonder why they bother.

[Yehuda Stern]

There are two sides to this: on the one hand, their analysis is that crises are mostly psychological, i.e. a crisis is mostly created by capitalists panicking from what could have been a much smaller problem and withdrawing their investment, therefore exacerbating the situation. They believe that if they can "calm investors down," they can avert the crisis. Of course, all this really does is make them even more unprepared when the crisis inevitably comes.

The other side is to fool the working class, and this I believe is the much more significant reason. They want to immobilize the working class with promises that things aren't as bad as they seem, and that if everyone just 'tightens the belt' for a while, things will blow over. It's the role of the revolutionary party to mercilessly expose this for the nonsense it is and to prepare the class, and especially the vanguard, for the struggles ahead.

[Mike Morin]

They are saying that it is a minor crisis for the same reasons that they are giving our movement, even when explicitly stated to be non-violent, no creedence.


Mike Morin
www.peoplesequityunion.blogspot.com (http://www.peoplesequityunion.blogspot.com)

[Rjevan]

As it has been said before, the ruling class wants to keep the panic as low as possible, they would still claim that this is just a minor crisis and that it'll be over tomorrow, if the financial situation and the living standart of most people was already 10 times worse than in 1929. They would never ever admit that the situation is really bad and that the capitalist system and the course of the national governments is heavily responsible for the current crisis.

They also want to restore people's faith in the national economy, so that they will buy again, deal with shares and take credits, so that the economy gets a boost. I find it somewhat funny, how desperate Ms Merkel and the government try to convince the people here that everything is under control, will be over soon and that we can be sure that nothing will happen to our money and property and that we therefore should start boosting the economy FOR HEAVEN'S SAKE!!! :lol:

And maybe they also want to keep the illusion for themselves because the might have already realised, that if the crisis goes on like this, they will lose their positions, their power and maybe their money, too.

[Charles Xavier]

There are two sides to this: on the one hand, their analysis is that crises are mostly psychological, i.e. a crisis is mostly created by capitalists panicking from what could have been a much smaller problem and withdrawing their investment, therefore exacerbating the situation. They believe that if they can "calm investors down," they can avert the crisis. Of course, all this really does is make them even more unprepared when the crisis inevitably comes.

The other side is to fool the working class, and this I believe is the much more significant reason. They want to immobilize the working class with promises that things aren't as bad as they seem, and that if everyone just 'tightens the belt' for a while, things will blow over. It's the role of the revolutionary party to mercilessly expose this for the nonsense it is and to prepare the class, and especially the vanguard, for the struggles ahead.


I think this is an accurate analysis. Thanks for your answer.

[Yazman]

The status quo are simply protecting their positions by propagating the use of words.For example it becomes "recession" as opposed to "depression", "global downturn" as opposed to "economic crisis" and so on. Pure propaganda.

But there actually ISN'T a depression. It doesn't fit the criteria for a depression.

[pastradamus]

Its one of those words isnt it. There is no generally accepted definition though some commentators over here in Ireland have called it such. One generally accepted definition is that a depression occurs at 25% unemployment. I can see our country certainly hitting that mark (if it hasnt done so already).

[cyu]

They just say whatever it takes to serve themselves.

They were all saying the sky was falling when they wanted bank bailouts - so they got the bailouts.

Now that people start questioning capitalism, they start saying it's not so bad after all (oh, but we still want some more bailouts - because, uh, y'know, the sky isn't really falling, but it's still going to fall a little bit if we don't get our money, but not so much that capitalism is discredited. Yeah, that's it.)

[punisa]

The more people think the crisis is minor or even over, the sooner they will regain trust in the economy and the current order, and thus the sooner they can get back to being good little atomized consumers.

I agree totally with this statement. People are very reluctant to "buy" saying that we are in crisis.
BUT, why did the ruling elite let the media spread panic in the first place then? And we are all well aware that the elite = media.

Could there be some other sinister hidden plot? Perhaps use this crisis as the foundation for New World Order and single world currency?
In such scenario, perhaps there actually is no crisis, and the whole thing is made up.
Me guessing, me not conspiracist :laugh:

[Mike Morin]

Perhaps use this crisis as the foundation for New World Order and single world currency?

"New World Order" :bored: It's scary that man was once the head of the CIA, where the "I" is supposed to stand for intelligence, yet where covert operations and "Military Intelligence" (a contradiction in terms?) have always been the priority of said organization.

With regards to a world currency, I think we need one. This trading and speculation in currencies is purely parasitic behavior. NOT THE DOLLAR!!!, but a comletely new one. Hoe about the wsusoe (the world socialist union sharing of equity)? :closedeyes:


Mike Morin
peu

[TheCultofAbeLincoln]

Well, I agree that I've heard a lot of people claim that "we'll come back better and stronger than ever" and that kind of stuff.

But it seems to me that the politicians are using the current downturn to full advantage, at least in the US.

Case in point:

"Congress, approve this $1tr spending bill NOW or we'll all fucked!!!!!!!!!NOW!!!No Time for debate!!!!NOW MO' FUCKA's!!!"

And naturally, congress passes shit like this, often times without even reading the bill because they're useless drones.

[Bilan]

It appears that, as each day goes by, the crisis reveals how lost most bourgeois economists are with why its occurring and where its going. It's funny reading the Australian Financial Review how most days, the polar opposite idea appears on the front page. :lol:

[NecroCommie]

I think they just genuenly believe their shite. After all those rich folks have not got their salary cut because of all the firings, and they or anyone in their vicinity has not had any drawbacks due to the economy.

Second of all it is pop in modern days to "believe". I hate it when every F***ing person predicts that everything is going OK. For example US elite predicted Iraq and afghanistan to be a piece of cake, and no one predicted Russia to attack anyone, and how people still believe in peace for middle east. As Bill Maher have said: "these people need to stop making predictions!!"

No matter how selfish, ignorant and sinister the capitalists are, they are way too divided to form any kind of planned conspiracy.

[Louis Pio]

What is the political/economic goal of the capitalist class saying this is minor crisis, before they were denying there was any crisis, now they are saying its over. Or its mild, or whatnot.


If you read the papers the capitalists themselves read like The Economist and Financial Times, you will see this is not the case.
They are perfectly well aware that this is a very big crisis indeed that is not over.