As argued in the previous post, the current sub-prime crisis is not simply a ‘sub-normal’ functioning of our economy, it is a sign that the way we have ordered our economy is ‘sub-human’. This is, I suggest, an incredible irony. Isn’t capitalism’s promise that through the exercise of personal freedom of choice in the market we will achieve progress and enter our future? Capitalism promised us this freedom yet it has led instead to stagnation, despair, and ultimately increasing enslavement.
Archive for February, 2009
17 FebPoor Old Donald Trump: Recession and Rising Inequality
Recently, I happened to watch an interview on a major television news channel with Donald Trump, the American celebrity-businessman. The interviewer carefully approached the topic of the current economic crisis. She delicately approached the question of how the recession has affected Trump’s enormous real estate portfolio and other business interests. With all the sincerity of someone asking about a recent death in the family, the interviewer expressed her regret about the current downturn in the economy and its affect upon Trump’s empire.