Western Capitalism’s Historic Crisis… As People Realize There’s Actually Socialist Alternative
Western capitalism and its supposed democracy are in terminal crisis as increasing numbers of people reject the system’s abysmal economic failure: record levels of poverty, inequality and relentless militarism and warmongering.
Professor Jodi Dean, the author of The Communist Horizon (Verso), says we are living in a rare historic situation of social, economic and political turmoil where breakthrough revolutionary change can happen. People are increasingly realizing that “Western-style democracy” and its much-vaunted “values” are a grotesque illusion. In reality, what we have is a “dictatorship of billionaires” that is brutally oppressive and destructive.
Nothing is guaranteed to happen from the present turmoil and mass of social energy out there. But there is a huge potential for a socialist alternative, one where people’s living conditions are vastly improved by workers taking control over economic production and one where international peace and security are actually observed because capitalism and its imperialist depredations are transcended.
Increasingly, people and workers are taking to the streets in protests and in industrial strikes, from Europe to the United States, because they have “had it” with capitalist exploitation and militarism. This is a formidable sign of positive change, says Dean in this wide-ranging interview on the prospects of a socialist alternative.
She points out that the massive bailouts of banks and private corporations by the state, both in the U.S. and Europe, clearly demonstrate to people that socialist control of the economy is actually viable and doable, only instead of “socialism for the rich” we should implement socialism for workers, the vast majority of society.
People in Western states realize more than ever that their elitist governments are their enemies, that the ruling political parties are barriers to progressive change and therefore must be swept away. Socialism is becoming popularly realized as a realistic alternative to the destructive, oppressive, warmongering status quo of capitalist so-called democracy. Dean points out that socialist consciousness comes from collective action and protest and struggle for one’s rights and basic needs. And collective action for self-preservation and human solidarity is being compelled by the failing status quo. Consciousness and choices are ineluctably being forced because the failure of capitalism is an existential crisis for societies and individuals.
There is no easy prediction that the revolutionary situation will go in the constructive direction of a socialist, genuinely democratic system. But the ruling class – the established political parties – is deeply fearful that socialism becomes popularly demanded as a political vision to secure decent societies and international peace. The fact that the political establishments denigrate socialism so fanatically demonstrates they are fearful of workers developing a full demand for it.
Despite decades of relentless anti-communist propaganda and brainwashing especially in the United States – the lead capitalist power – people have not lost the rational and ethical appeal for socialism.
Nail on the head; just try to bring up the possibility of Socialism. Good luck with that.
what we have is a “dictatorship of billionaires”
Exactly. America is no longer a capitalist nation and hasn’t been for quite some time. We are run by an oligarchy which controls both Wall Street and the government. Under true capitalism there would be no bailouts for failed banks and companies.
If we were to adopt socialism, where would all those billionaires go and what would stop them from buying politicians to get favorable treatment in a socialist society? Would the government confiscate their wealth and redistribute it to black transgender lesbians with Xe/Xir as their pronouns? How would socialism even work if you had a government as corrupt and incompetent as the American government?