Bretton Woods II? Time to (Re-) Interrogate -& Challenge- Big Capitalism

October 20, 2008

Pyramid of Capitalist System

We have entered an era in which 60, 70 and even 85 year-olds are coming out of retirement to find the work they need simply to survive.

Such reports will sadly and surely multiply as the disintegration of economic, political and social life as we know it proceeds. Without a doubt, the root of such sad reports is to be found in the depths of this most recent crisis of capitalism we find ourselves in. For the Lead Political Cheerleaders of Big Capitalism like French President Nicolas Sarkozy to find themselves forced to defend not just deadly economic policies, but capitalism itself, should give us pause; Pause so we think about how we may insert human values into this most vulnerable moment in political and economic history; Just listen to the loud thump of the ideological sandbags “Sarko the American” has to put up to before the abysmal pressures facing capitalism itself:

“Le laissez-faire, c’est fini,” Sarkozy said. “The financial crisis is not the crisis of capitalism. It is the crisis of a system that has distanced itself from the most fundamental values of capitalism, which betrayed the spirit of capitalism.”

Doesn’t that first phrase –“Le laissez-faire, c’est finii”- roll off the tongue in a wonderfully sublime way? It graces the palate with much more good taste and reality than those vomit-inducing war chants like the pathetic calls to “Eat Freedom Fries instead of French Fries!”, no? Sarkozy, who doesn’t much like poor, migrant and colored folks in la Belle France or in greater Europe, has also moved to organize a top-down global response through what some are calling a Bretton Woods Conference II, one that includes leaders of G-8 and other industrialized countries whose mission is nothing less than to salvage and reconfigure capitalism. Such a crisis-laden meeting carries with it great danger and opportunity if we consider that the first Bretton Woods conference established the International Monetary Fund and many of the primary instruments of the global economic domination that forced 60-70 and 80 year-olds throughout the post-war “Third World” to seek work to simply survive.

Time to do what we did during the battle of Seattle: confront big capital and confront them frontally, forcefully and globally through as many means as possible. I myself am not at this time advocating violent means, however. But looking at elderly people like my parents coming out of retirement and gazing at the babies coming out of the dark womb of their tender past must drive us to consider and exercise any and all non-violent means to alter the course of current history.

Every student knows that Roosevelt only agreed to the New Deal after looking at and listening to the loud calls coming from the radical below So, let us meditate deeply on the opportunity, while being vigilant of the dangers “our leaders” are preparing to foist on us in their own efforts to survive. We forget their fear and vulnerability at our own risk; Doing so will keep us on the path of the same sheepish lot that allowed elites to steal not 1, but 2 elections. So, let us also join the armies of the planet that are, according to this piece from the Times UK, re-arming themselves with Das Capital & other writings of Karl Marx as well as other tools with which to analyze and influence the New Direction from the bottom-up. And don’t let the Pavlovian, anti-Marxist conditioning of our decadent system close you off to what are still thought-provoking and critically important resources that can help us give shape to whatever the new era portends. Our ability to analyze and critique capitalism must inform our own policies and political actions if we are not to move beyond the economic, environmental and spiritual devastation wrought by Big Capital and its political cheerleaders.

2 Responses to “Bretton Woods II? Time to (Re-) Interrogate -& Challenge- Big Capitalism”

  1. Katie Says:

    Hi Roberto,
    No time to read your whole article (I’m totally goofing off when I shouldn’t be)…
    …but I wanted to draw your attention to something Sarkozy-related. His name as I skimmed your blog caught my attention.

    He’s trying to privatize French education. I’m not sure how much or which parts of it, but I think the French (who are for public education) need PR help from all over.

  2. Katie Says:

    Whoops–by PR, I mean “more voices.” Wrong abbreviation, probably.


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