A crisis of legitimacy

Over the last week or two, the peak oil scene has been going through another round of its ongoing flirtation with fantasies of overnight collapse. This time the trigger was a recent paper by David Korowicz of Feasta. Iit’s a well-written study, limited only by a few frankly unrealistic assumptions about how governments tend to react when faced with an immediate threat to national survival.

Six arguments for the elimination of capitalism

Jerry Mander’s new book, The Capitalism Papers, has a promising subtitle: Fatal Flaws of an Obsolete System. None of the hedging of bets there that constrains much progressive social critique in the US. In liberal punditry, the acceptable spectrum of discourse does not even permit use of the word, and in the foundation-sponsored non-profit sector, such talk would be financial suicide. Nor are US trade unions, what’s left of them, anti-capitalist. (In fact their leaders explicitly claim their aim is to get capitalism to work better.) As he correctly points out, there is an unspoken consensus: “it is as if global capitalism” – a human creation – “occupies a virtually permanent existence, like a religion, a gift of God, infallible.”