>At 11:05 PM -0500 15/11/03, Doug Henwood wrote:
>
>>And the minority of capital can rule the majority of labor because
>>they're well-organized politically as a class and essentially run
>>the state.
>
>No. This is a terrible mistake. The capitalist class rule
>economically, not politically. Their political power is
>fundamentally weak, however while the economy is ruled by them there
>is, as they say, no alternative politically. So they rule
>politically only by default, because there is no alternative under
>capitalism. TINA is their weakness, not their strength.
That's delusional. Here in the USA, capital owns the state almost 100%. Besides, without cops and armies, money would be worthless. Who enforces contracts and property rights and represses dissenters? As I recall from my very brief visit to Tasmania, it seems very remote, and you're not even in the bustling metropolis of Hobart. Maybe the news hasn't reached you yet.
Doug