Friday, 20 April 2012

"Social State" versus "Corporate State": from European Fascism to "Global Money-sequence Absolutism"


Global Research - by John McMurtry:
"Yet the civil commons basis of human life cannot die so long as society exists, and it continues into the institutional present. Its social formations have already evolved in both mixed capitalist and state-socialist economies, and are still supported by great majorities. Yet global corporate absolutism is structured to grow only private money sequences to more. In a world whose aggregate demand has been hollowed out by non-stop appropriation of revenues from working people and the social state, depression is predictable. It is in this dead-end that the corporate bank, oil and oligopolist axis finds its last great frontier - public budgets to loot. This metastasis to the core of social life organisation by the transnational money-sequence growth system cannot be sustained. It implodes into one disaster after another. It cannot correct its incapacity for provision of otherwise scarce means of life to which it is blind in principle and only degrades over time – from food, water and healthcare to science and higher education."
The full article