ColinH
17th June 2005, 22:26
The coming trade war and global depression (http://atimes.com/atimes/Global_Economy/GF16Dj01.html)
By Henry C K Liu
Asia Times
After reading through this lengthy article, I felt very encouraged after the last paragraph:
"Just as monarchism first emerged as a progressive force against feudalism by rationalizing itself as a natural law of politics and eventually brought about its own demise by betraying its progressive mandate, social capitalism today places return on capital above not only the worker but also the welfare of the owner of capital. The class struggle has been internalized within each worker. As people facing the hard choice of survival in the present versus well-being in the future, they will always choose survival, and social capitalism will inevitably go the way of absolute monarchism, and make way for humanist socialism."
By Henry C K Liu
Asia Times
After reading through this lengthy article, I felt very encouraged after the last paragraph:
"Just as monarchism first emerged as a progressive force against feudalism by rationalizing itself as a natural law of politics and eventually brought about its own demise by betraying its progressive mandate, social capitalism today places return on capital above not only the worker but also the welfare of the owner of capital. The class struggle has been internalized within each worker. As people facing the hard choice of survival in the present versus well-being in the future, they will always choose survival, and social capitalism will inevitably go the way of absolute monarchism, and make way for humanist socialism."