Another Golden Age

[Seth Ackerman]

<<Maybe after the hot war is over, the EU may
develop its own autonomous imperial muscle - especially if the U.S.
economic bubble bursts - but I sure don't see it yet. >>

I'm afraid that if there isn't a nasty economic slide, the left is
toast. Anwar Sheikh's hypothesis about a nascent rising long-wave looks
increasingly plausible to me. U.S. manufacturing seems to be recovering
(how the fuck did that happen, incidentally?!?) 

Doug is right that a rising wave helps strengthen the class power of
workers, but that power can only be leveraged into progressive politics
if there is some ideological basis for opposing capitalism. The Golden
Age at least confirmed the possibility of successfully regulating
capitalism -- another Golden Age now would only confirm the success of
deregulating it.