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7. I believe your
Wed May 25, 2016, 09:52 AM
May 2016

central point is correct. Social democracy has always been a compromise with the working class by capital, but only sustainable while profit rates are climbing. And real labor valorization has been falling, however incrementally, since the 1970's, which has been the basis for jettisoning the compact with labor embodied by the New Deal. That makes the Sanders campaign something of a quixotic undertaking, given that business is uninterested in anything other than austerity to increase it's profitability. Not that Bernie should give up on his challenge to corporate power, just the opposite. We've reached such a high level of productivity that socialism is now completely sustainable and capital has, in purely economic terms, become completely outmoded...a fetter on production. Any confrontation with the system that questions it's preeminence is a valuable tool in bringing it to an end. And a welcome teaching moment to boot.

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