I remember moving from the 50s to the 60s.  A sense of excitement even
in the late 50s with Fair Play for Cuba.  The 60s were exciting, but I
was already old enough to be put off at times by the smugness and
frivolity. Maybe the movement would mature and get better organized.
Remember by the 60s, many of the capitalists had a sense of
hopelessness.  I wrote about this in The Confiscation of American
Prosperity.  Capital regrouped and brilliantly organized, rolling over
everything that offered a glimmer of hope.  Their destructiveness of
their work is accelerating, both at home and abroad with no country
ready to challenge US military power.

At the insular left forum, I could pretend that things might come
together even though I knew better.  Today, capital has much of the
working class pouring gasoline on themselves.

My sense is that the economy is going downhill fast.  Eventually a new
challenger will appear if we don't blow everything up beforehand.

Carrol, you are right that it is capital at work, but to give it a
name does not extinguish the sense of hopelessness.

On Fri, Jul 22, 2011 at 9:43 PM, Carrol Cox <[email protected]> wrote:
> All things fall and are built again,
> And those who build them again are gay.
>                Yeats

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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