Doug Henwood wrote:
Objective circumstances would suggest that that process has reached its limits. When you have Goldman Sachs sounding like John Maynard Keynes, things have changed.

This assumes that the wishes of the big bourgeoisie get translated into action automatically. I think that there is a certain autonomy at work in the state as Poulantzas tried to explain. For Obama to be effective, he would have to rise above the state in a Bonapartist fashion but he simply lacks the psychological and political makeup to move in that direction. He is no FDR, to say the least.
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