Is there a political crisis in the U.S. ruling class ?
One wonders whether the Bush-Cheney regime has spear-headed a political train wreck for the world leading U.S. ruling class, opening up possibilities for working class advance. Bush has extremely low approval ratings, and is significantly ridiculed in the monopoly media. Cheney has disappeared from view even more than before. McCain who is almost nominated is seen by conservatives themselves as representing the centrists of the Republican Party. Bottomline, the Bush admin actions have discredited extreme Regeanism or Reaganism in extremis with a large section of the population. Though perhaps these are inherent contradictions in Reaganism, inevitable, but long coming crises of the internal logic of socalled neoliberalism. Who knows ? The Bush ruling class sector may have alienated large other sections of the ruling class. Not only is there evidence that Bush colluded with the Saudi ruling class to the advantage of the oil monopolists over other capitalists, including auto. Somehow the recent credit sector giant losses have occurred on Bush's watch, discrediting ( almost literally) his ideology with masses. The Big Three of the auto sector are in extreme profit crisis for several years. Michigan has been in a one state recession according to bourgeois economists. Just thirty years ago auto was still the leading industry of the US economy. The current crisis is the result of quite a blow being delivered to a major section of the capitalist class. Ultimately, it can only be the transfer of power from that section to other sections or another section of the bourgeoisie. The vanquished sector retains significant power , and the total development represents a division in the ruling class, and opportunity for the working class to advance. Oddly, coincidently , not only is the Republican Party split, but a woman and a Black person are the only remaining candidates for the Democratic Party nomination. Obama is getting a significantly large number of white votes, a revolutionary trend in the US where Black/White unity is the leading revolutionary unity. The Democratic Party is a party of big business, but this development represents a subversion of the Democratic Party by working class forces. CB _______________________________________________ Marxism-Thaxis mailing list Marxism-Thaxis@lists.econ.utah.edu To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
