[lbo-talk] ruling class

tfast tfast at yorku.ca
Mon Mar 27 14:04:12 PST 2006


Or more positively stated they were so successful about locking in the structural conditions to secure their reproduction they are now concentrating on accumulating capital.

Travis

Doug Henwood wrote:


>
> No, the merely rich, the mere business class care about accumulating
> capital. To be a proper ruling class, it has to be conscious of itself
> as such. The people who agitated for the Federal Reserve and who
> designed the post-WW II Bretton Woods architecture were a proper
> ruling class. So were the people who led the crackdown of the 1970s
> that culminated in Volcker and Reagan. I'm not sure we have one now -
> and in part because they're too focused on accumulating capital to
> worry about the conditions of their own reproduction.
>
> Doug
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