[lbo-talk] European cities hit by anti-austerity protests (correction)

[James Heartfield]

Doug: 'If you want to think of productive activity that occurs through corporations as done by people, fine - but why not the same for governments?' Yes, I suppose you could say that the $1 trillion the US spends on defence is activity, but productive? Hardly. And what of the $89 billion spent on the Troubled Asset Relief Program? Productive activity, or paying rich people to stay rich?

Why is the left irrelevant? Because it confused capitalism's growing dependence on the state as some kind of social progress. That's the lesson of European socialism - but I guess it's one not learned in the US.