Damning corporate capitalism with faint praise

posted by
January 4, 2011
Center for a Stateless Society
by Kevin Carson  
Posted in Commentary

"We’ve seen a stagnation in nominal, dollar-denominated, inflation-adjusted purchasing power, and the shift of virtually every penny increased GDP from productivity increases upward to the plutocracy and corporate management, as the result of all kinds of subsidies, protections, and monopolies. ... all these monopolies were still unable to prevent the average worker’s standard of living because — despite all the larceny in the plutocrats’ and bosses’ piggy little hearts — the technologies of abundance have developed so fast that they’ve increasingly broken the link between nominal purchasing power and resource distribution on the one hand, and quality of life on the other. In other words, it’s becoming more and more feasible to live comfortably on what you’ve got left after you’ve been robbed by the plutocracy, despite their best efforts." (01/03/11)

http://c4ss.org/content/5687  

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