[lbo-talk] (The 23%...)

Doug Henwood dhenwood at panix.com
Fri Feb 24 08:02:03 PST 2012


On Feb 24, 2012, at 10:47 AM, Carrol Cox wrote:


> Shag on Graeber on the run-up to wa:
>
> 1. the anti-capitalist insurrections throughout the 90s and very early 00s
> were successful.
>
> 2. global elites were challenged and terrified at this successful global
> resistance.

That's just pure fantasy. Global elites didn't give a shit. They barely noticed, in fact. They're annoyed by the rhetoric of OWS but have yet to take it seriously as a political challenge. Ed "Wall Street's Conventional Wisdom Personified" Hyman has barely mentioned it in his voluminous daily commentaries. Wall Street is far more concerned by the decline in trading profits.

Doug



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