CAPITALIST MELTDOWN

A few weeks ago, a capitalist meltdown was pretty much the stuff of history and perhaps left wing fiction at that! It seemed that capitalism or at least American capitalism would go on and on, like an energizer bunny.

Unfortunately even the energizer bunny runs out of juice and with the international capital working with the American comprador bourgeoisie, the economic well being of the American public is far less important, or likely, than it used to be.

Furthermore, there is no longer a credible connection between the will of the people and the federal government. Every political issue is bought and sold and that leaves the regular working stiff out of the equation.

Until now, most of those expressing concern about the stability of capitalism in the United States and/or on a world scale have been relegated to the rumpus room. I think these voices of doom should seek to be heard now. More and more of us are willing to listen. Of course I would prefer that the religious right keep their nonsense in the closet, you know the place that Jesus insisted the faithful pray.

What is truly remarkable is that the President of the United States and all the boys in charge of the banks say the capitalist system is about to melt down unless the working class pays their bill, again. My point is not the bailout they demand but their assertion that their system is virtually doomed without it!

As I write, Letterman is crucifying McCain for saying he has to not debate Obama because the economy is "cratering". It's a very funny skit but the point here is that everyone knows that the economy is in more trouble than anyone ever led us to believe was possible. What happened to that bright city on the hill?

This is the kind of turnabout that leads to the phrase, "Marxism is omnipotent because it is correct." In this case, Marxism is correct in the sense that capitalist crisis does lead to just what we see to day and this time on a world scale in a very special way. This has been exactly against the received truth for decades. This meltdown was not supposed to happen! A bit of hyperbole, no doubt, but still there is a stunning realization that Marxism cannot be dead.