![[pp 6-9] Marx warned that capitalism has built within it the seeds of its own destruction.... Unable to expand and generate profits at past levels, the capitalist system would begin to consume the structures that sustained it. It would prey upon, in the name of austerity, the working class and the poor, driving them ever deeper into debt and poverty.... Politics would become subordinate to economics, leading to political parties hollowed out of any real political content and subservient to corporations.... *Capitalist oligarchs hoard huge sums of wealth, $7.6 trillion stashed in overseas tax havens.... In the end corporate monopolies obliterate free market competition.... Corporations feast on taxpayer money. (Chris Hedges)](https://cdn.quotesdtb.com/img/quotes_images_webp/46/chris-hedges-austerity-begin-1007646.webp)
[pp 6-9] Marx warned that capitalism has built within it the seeds of its own destruction.... Unable to expand and generate profits at past levels, the capitalist system would begin to consume the structures that sustained it. It would prey upon, in the name of austerity, the working class and the poor, driving them ever deeper into debt and poverty.... Politics would become subordinate to economics, leading to political parties hollowed out of any real political content and subservient to corporations.... *Capitalist oligarchs hoard huge sums of wealth, $7.6 trillion stashed in overseas tax havens.... In the end corporate monopolies obliterate free market competition.... Corporations feast on taxpayer money.
Chris HedgesRelated topics
begin built capitalist content corporate debt economics end feast free market money name past politics poor poverty prey real subordinate tax taxpayer trillion wealth working profits MarxRelated quotes
That there is a common cause, an that it is either what we call material progress or something closely connected with material progress, becomes more than an inference when it is noted that the phenomena we class together and speak of as industrial depression are but intensifications of phenomena which always accompany material progress, and which show themselves more clearly and strongly as material progress goes on. Where the conditions to which material progress everywhere tends are the most fully realized-that is to say, where population is densest, wealth greatest, and the machinery of production and exchange most highly developed - we find the deepest poverty, the sharpest struggle for existence, and the most of enforced idleness.
Henry George
In advanced capitalism it expresses the fundamental contradiction between, on the one hand, the increasing socialisation of consumption, and on the other hand, the capitalist logic of the production and distribution of its means of consumption, the outcome of which is a deepening crisis in this sector at the same time as popular protest demands an amelioration of the collective material conditions of daily existence. In an attempt to resolve these contradictions and their resulting conflicts, the state increasingly intervenes in the city; but, as an expression of a class society, the state in practice acts according to the relations of force between classes and social groups, generally in favour of the hegemonic fraction of the dominant classes.
Manuel Castells
Capitalism subordinates men to machines instead of using machines to liberate men from the burden of mechanical and repetitive work. it subordinates all, inherent in every commodity, fully unfolds itself in this contradictory nature of capitalist machinery. When capitalism is not overthrown once it has created the material and social preconditions for a classless society of associated producers, this contradiction implies the possibility of a steadily increasing transformation of the forces of production into forces of destruction, in the most literal sense of the word: not only forces of destruction of wealth (crises and wars), of human wealth and human happiness, but also forces of destruction of life tout court.
Ernest Mandel
Take the National Organization for Women - please! They've embarrassed me enough over the years, and now I'm going to give them a taste of their own medicine. They were always so holier-than-thou, systematically getting rid of everyone who wasn't just like them: white, upper-middle class, straight (or closeted), sex-phobic Democratic party apologists. As you can imagine, that's not a huge group anymore - but they still manage to hang onto a name that insists that they represent half the population!
Well, it's all over, sweethearts. I'm taking away your library card, I'm stripping badges and I'm not returning phone calls. Calling NOW feminists is like calling the People's Republic of China communist: Marx and Emma Goldman are both rolling in their graves.
Susie Bright
All these Wall Street lawyers are running the system according to Buckminster Fuller. After World War II they took most of the money out of the United States, they drained the blood out of the United States and put it abroad, overseas capital.... Fuller calls it Lawyer Capitalism, the lawyers run the show. Tax laws are the key. In the postwar years, tax law allowed US capital to go abroad.... It all fled the country and stayed abroad and America changed tremendously.... We became a world power, yet a rapacious one, with capitalists really doing a major theft of our money.... Nixon took us off the Gold standard in 1972 because America went bankrupt.... All these recessions in the 70's, 80's.... My father got wiped out on Wall Street.
Oliver Stone