It’s a fun poster. Yet socialists have been predicting the imminent end of capitalism for, oh, about 150 years now and it has yet to happen. Like the T-1000 in Terminator II which reassembled itself after being seemingly destroyed, capitalism can also instantly morph into new forms. This is something Â socialism and communism, with their ponderous bureaucracies, are not capable of doing.
Moreover, the hardcore communist regimes that have existed haven’t exactly been models of fairness with worker control of the economy. Instead, they mostly end up being corrupt gerontocracies exercising rigid control on Â the economy and most everything else. Soft socialism, as practiced in Europe hasn’t exactly been a rousing success either.
Just because capitalism isn’t working, as the header image of this blog says, doesn’t mean socialism is a viable alternative. And I’m not sure how anarchism – in the classic European sense, not bomb-throwing – can work, because it doesn’t scale. You can’t built tractors at a mega-plant when no one is in charge and important decisions must be voted on. That kind of organization works fine with 20-30 people who know each other. It can still work with several hundred like-minded people as OWS shows us. But if thousands of people involved, and they have competing agendas, someone has to have final say. Everything can’t be a group decision.
Of course, we don’t really have capitalism here. The elites enjoy protection from the law and the Too Big To Fail banks continue to be bailedÂ out regardless of their insolvency and corruption.
It seems to me we have the worst of all three systems. We need new ideas.