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Recommendations: 8
Why Corporate Capitalism is Unsustainable http://networkedblogs.com/y3L8k?a=share
I find this both non-political (hope you do too,) as well as incredibly applicable to anyone interested in macro-econ trends & risks.
Preamble; I’m not a Marxist, but I find a lot of Marx’s ideas useful. Old Karl certainly had a gift for turning a phrase. Nobody who could come up with something as Proudhonian as “the associated producers” could be all bad. One of his best in my opinion was that new productive forces eventually “become incompatible with their capitalist integument,” at which point “the integument is burst asunder.” <SNIP>
Punchline; In short, capitalism depends on ever-growing amounts of state intervention in the market for its survival, and the system is hitting the point where the teat runs dry.
The result is a system in which governments and corporations are increasingly hollowed out. And meanwhile, growing up within this corporate capitalist “integument,” things like open source software and culture, open-source industrial design, permaculture and low-overhead garage micromanufacturing eat the corporate-state economy alive. An ever-growing share of labor and production are disappearing into relocalized resilient economies, self-employment, worker cooperatives and the informal and household economy. In the end, they will skeletonize the corporate dinosaurs like a swarm of piranha.
BOOM!
Dave
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