Some Economics of Class: By Michael Perelman. [Michael Perelman teaches economics at California State University at Chico and is the author of fifteen books, including Manufacturing Discontent: The Trap of Individualism in Corporate Society (Pluto Press, 2005) and Railroading Economics: The Creation of the Free Market Mythology (Monthly Review Press, 2006).]
Intro: >>How much more will be required before the U.S. public awakes from its political slumber? Tepid action in the workplace, the voting booth, and the streets have allowed the right wing to steamroll revolutionary changes that have remade the entire sociopolitical structure of the United States. Since the election of Franklin Roosevelt in 1932, every Democratic administration with the exception of Lyndon Johnson's has been more conservative -- often far more conservative -- than the previous Democratic administration. Similarly, every elected Republican administration, with the single exception of George Herbert Walker Bush's, has been more conservative than the previous Republican administration. The deterioration in the distribution of income is a symptom of a far larger problem. Perhaps formulating the situation in the United States might help people understand their class interests as well as reveal who has benefited from the right-wing revolution. Critics of Marx have long taken pleasure in claiming that the rise of the middle class in the United States and other advanced capitalist economies disproves Marx's "predictions" of the course of capitalism. In recent decades, however, the distribution of income in the United States is coming to resemble that of many poor Latin American economies, with a shrinking middle class and an obscene share of wealth going to the richest members of society.<< Link
monochrom is an art-technology-philosophy group having its seat in Vienna and Zeta Draconis. monochrom is an unpeculiar mixture of proto-aesthetic fringe work, pop attitude, subcultural science, context hacking and political activism. Our mission is conducted everywhere, but first and foremost in culture-archeological digs into the seats (and pockets) of ideology and entertainment. monochrom has existed in this (and almost every other) form since 1993. [more]
