News

Polanyi had observed that, in the 1930s, wealthy Germans who saw the Nazi party as a “battering ram” against trade unions and socialists were persuaded to overlook Hitler’s antisemitism because it allowed the market system to flourish, Dale said. “In the same way that a lot of Americans who find Trump distasteful today will still vote for him, a lot of German elites said to themselves: we’re quite happy funding Hitler because his street fighters will help crush the trade unions, so that we can make more profits.”

They got the metaphor wrong. Billionaires see Trump as a battering ram to break what remains of the US social support system and claim victory over the ashes.

I've been saying this for years: The US economy is not "growing" not because we're making more and better products, but because we're commercializing social support systems that we used to get at low cost, or for free, from our families, relatives and neighbors: Health care, child care elder care, live-at-home spouses and homemakers, even talking with your neighbors and friends has been replaced with social media.

The cost of birthing and raising a child is even commodified in the health care system.

Is it any wonder why wealthy countries' birthrates are falling? Asides from environmental factors, like microplastics and climate change.

The reasons why the US population is growing are related to immigration: Both directly counting immigrants, and those who still retain enough social capital in their communities to have families.

The so called post-capitalism economy is not productivity growth and making lives better for everyone.

It's making the production of wealth increasingly meaningless for the average person.

It's mining social and middle class wealth into the pockets of the wealthy elite and non-human corporations.

But what happens when the wealth in the mines is all gone?

Oh, wow, another book for the reading list :O

Am surprised that I genuinely hadn't heard of him, just highlights the point the article is making.

Everyone's suddenly an expert here. Nobody has read the book past the title.

Hitler’s antisemitism because it allowed the market system to flourish, Dale said. “In the same way that a lot of Americans who find Trump distasteful today will still vote for him, a lot of German elites said to themselves: we’re quite happy funding Hitler because his street fighters will help crush the trade unions, so that we can make more profits.”