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Rescooped by Eli Levine from The Great Transition
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Has the Working Class Really Accepted Austerity?

The result of this excessive caring is “that the basic logic of austerity has been accepted by almost everyone.” So while others may consider solidarity to be a virtue, Graeber believes that it is “the rope from which [the working] class is currently suspended.”


Via Willy De Backer
Eli Levine's insight:

I'm honestly not sure about what the case is with people.  Polling and inquiries into what they're feeling and thinking would be needed in order to understand what the situation actually is.

 

However, what I do know is that when people have less at an increasingly rapid rate, they'll tend to notice and not be happy about it.  It'll be when people are literally starving en masse that we'll start to see something happen (which is in the realm of possibilities as climate change effects our food production in a negative fashion).

 

The elite's position is getting more and more untenable as time goes on; more and more delicate as they take more and more without the needed reciprocation.  Silly people whose mothers never taught them that there are limits and consequences for the actions that you do.

 

Think about it.

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Willy De Backer's curator insight, April 12, 2014 2:33 AM

Very interesting debate between David Graeber and Suren Moodliar on the psychological disposition of workers to accept austerity policies.

Rescooped by Eli Levine from The Great Transition
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There's a Class War Going On and the Poor Are Getting Their Butts Kicked | TIME

There's a Class War Going On and the Poor Are Getting Their Butts Kicked | TIME | It Comes Undone-Think About It | Scoop.it
Although they say they're concerned about inequality, economic policymakers continue to pummel low-income families and the jobless, and that’s bad for all of us

Via Willy De Backer
Eli Levine's insight:

When you allow Capitalism to go laissez-faire, it leads to the rich getting richer while everyone else loses in the long term.  Wealth accumulates wealth, just as larger cities are able to attract more people and more stuff than small towns.

 

I do not believe we should tamper with the market itself.  I think we should be more proactive in making sure that people are compensated for the value of their labor, protected from the avarice and greed of a handful of people and that the environment is maintained in such a way that we're able to inhabit it and derive our wealth (in terms of goods and services) sustainably from it.

 

What good is profit if it's not just sitting around?  What good is wealth if it kills you to get it?

The economic policy makers are included in this picture too.  It's not like they're leaving this planet.  Even if they are, wouldn't we technically be better off without them?

 

We started from having zero monetary wealth, after all.

 

Think about it.

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Willy De Backer's curator insight, April 3, 2014 3:34 PM

Time goes Marx...