Eleven Theses on American Democracy

1 The main defect of actually-existing democracy in America is that it does not actually exist. Or, rather, it exists in a stage-managed way: economic, military, and policy elites jockey for power, bypassing the citizenry, through the ubiquity of money and the subtle and not-so-subtle influence of the mainstream media, which ...
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Eleven Theses on American Democracy

Erik Olin Wright & Class Today

------ What if we tried a thought experiment? Just for shits and giggles? The thought experiment runs as follows: What if this was no longer capitalism, but something worse? Could we start by describing relations of exploitation and domination in the present, starting with the newest features, and work back and ...
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Erik Olin Wright & Class Today

Prisoners of the Prisoner’s Dilemma

Here is the problem. In my humble opinion, Bernie Sanders is clearly the best candidate running for the office of President of the United States of America. His policies are sound, his integrity unimpeachable, his intelligence undeniable. He is also attracting tremendous crowds, and raising significant funds while bypassing (as ...
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The Invention of Money

The invention of money -- discussed last week by Julia Ott -- is one of the greatest of all human inventions, comparable to the invention of the wheel, if not quite up to the discovery of fire. If we situate this invention in the context of the class we can ...
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Rethinking Capitalism: Class 4

I think what Moishe Postone gave us Wednesday was a rather dazzling reading of Volume 1 of Capital, which can be best approached by contrasting it to other readings. Postone rejects the idea that in Capital Marx saw himself as unveiling the “real” secret of capitalism in the hidden abode ...
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Rethinking Capitalism: Class 3

I think there are two great questions to take away from Nancy Fraser’s approach to understanding capitalism, one small and one large. The smaller one concerns the analogy between feudalism and capitalism. This was not discussed last night but it seems to me important. Both belong to the same set ...
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