On Jan 26, 2014, at 12:15 PM, raghu wrote:
> I think Marxist theory provides an entirely satisfactory account of
> why owners would seek to work their laborers as long and hard as
> they can.
>
> But the article at the head of this thread shows that that owners do
> this not just to the laborers, but even to their own kind. *That* is
> much harder to explain in terms of the objective interests of the
> owners of capital.
Wall Street traders and dealers ("analyst" here is a euphemism) are
not the owners of capital nor "their own kind." They are parasites and
carrion-feeders playing against each other in a zero-sum game whose
"obscene" financial awards represent small change to the owners of
capital. Their economic role is brutalizing and inhuman, shaping their
psychology to conform to the computers who are their daily masters and
gods. Those who retain even a smidgen of self-respect get out of the
game very quickly. The rest, in their golden hell, are left to burn
out. The inevitable crises they foment all serve the "objective
interests of the owners of capital"--until, hopefully, those
"interests" are confronted by mass populist revolts.
Shane Mage
"All things are an equal exchange for fire and fire for all things,
as goods are for gold and gold for goods."
Herakleitos of Ephesos, fr, 90
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