[lbo-talk] ruling class

Seth Ackerman sethackerman1 at verizon.net
Mon Mar 27 15:41:07 PST 2006


Doug Henwood wrote:


> Miles Jackson wrote:
>
>> The only interest the ruling class must share is accumulating capital.
>
>
> 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.
>

But if you look at the people who show up to the Fed's Jackson Hole conferences, or Davos, or the CFR or the Aspen Institute - don't those people seem to think of themselves as a class with a definite project?

Seth



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