David Harvey, Marxist geographer, argued that the financial crisis was actually a consolidation of class wealth and power (found here in the aptly titled paper “The Crisis and the Consolidation of Class Power”).
And if that’s the case – one could imagine the whole crisis being a “success” for a lot of neo-liberals.
A Few Questions:
Do you think those whose wealth or power increased see it as a success (as long as it makes them rich, regardless of the rest of the country/economy)? And, more importantly, do you think that some people recognize the necessity of crisis and actually egg it on? (they want governance that fails, the want a system that gives them room to maneuver, an opportunity to take risks that are always protected because they’re “too big to fail”?)
And moreover, for those of you out there who think crises are a good way to “crash” capitalism, clearing the path for utopia —
1) Aren’t you just providing the crises needed to consolidate class wealth?
2) What would make your crisis any different than the ones that have routinely happened, time and time again since the first primitive accumulation?