[lbo-talk] The long march from Yenan to Barclays

Carrol Cox cbcox at ilstu.edu
Wed Jul 25 11:24:39 PDT 2007


joanna wrote:
>


> Yes, and one ominous consequence is that opposition to capitalism (when
> the state is a major investor) now becomes tantamount to treason or
> terrorism.

This is very wrong, because it distorts understanding of the history of capitalism and hence of the core dynamic of capitalism. Opposition to capitalism that even remotely threatened to be serious has ALWAYS been met with savage repression. Consider what happened to the leaders of Chartism. The Haymarket riot. The list is really endless. We are still for the moment far freer from repression than in earlier periods, and if the repression increases it will be the same old reasons, not because the state is an investor.

Carrol



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