China Isn’t the Problem, Neoliberalism Is 

The ascendance of Wall Street, and of a managerial bureaucracy (PMC) more generally, largely explains the political realignments that have been playing out in the U.S. Beginning in the 1970s, the American political class made decisions at the behest of business interests and oligarchs to restructure the U.S. economy in ways intended to shift the balance of political and economic power towards capital. Finance was, and still is, the method of affecting this transfer of power. However, the current epoch of finance capitalism has run its course. Its logic has been lost. The threats to the neoliberal order are now internal to it. More

Source: China Isn’t the Problem, Neoliberalism Is – CounterPunch.org

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s