"Maybe what’s practiced in the USA isn’t capitalism at all. It seems to be a toxic admixture of..."

“

Maybe what’s practiced in the USA isn’t capitalism at all. It seems to be a toxic admixture of capitalism for the poor, who are ruthlessly whittled down, in brutal Darwinian contests; and socialism for the rich, for whom there appears to be no limit to bailouts, subsidies, and privileges. It’s a lethal cocktail of cronyism for the powerful; and endless struggle for the powerless. It’s neither fish nor fowl; but a chimera.

So what is this system that is faltering, precisely, if it’s not quite capitalism?

I’d call it “growthism.” It’s not just a system or a set of institutions. It’s a mindset; an ideology; a set of cherished beliefs. And one that’s hardened into dogma. A dogma which is palpably failing; but can’t be dislodged—because it’s become an article of faith, the central belief of a cult, whose priests and acolytes threaten mysterious, terrible, divine revenge whenever their authority is questioned.

”



- This Isn’t Capitalism — It’s Growthism, and It’s Bad for Us (via kenyatta)

via Tumblr http://thenelsontwins.tumblr.com/post/66089193480