The New Bipartisan Capitalism


	The New Bipartisan Capitalism

RayWatkins

8-1-2007 10:05 AM

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tags:

class, economics, american, globalization

RayWatkins says:

The New Bipartisan Capitalism

Daniel Morris

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/795ba1fa-9084-485e-ba7e-231675bdfe1f/BB2A9694-4BA9-4B65-9F66-6F0D13CF8BA9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.thenation.com/doc/20070813/morris" href="http://www.thenation.com/doc/20070813/morris" style="font-size: 11px;">www.thenation.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thenation.com/doc/20070813/morris">
Analyzing the transition from feudalism to capitalism, he noted that the
extension of trade helped create the world markets that revolutionized
the way feudal industries and guilds had operated, ultimately tearing
them asunder. Trade established the global framework of
capitalism--interdependence of nations and economic openness--but was
powerless to confront the conditions of inequality that would soon come
to underlie that framework. If trade revolutionized old forms of
industry, Marx argued, new forms of industry will revolutionize trade
and the conditions it leaves untouched. Extend this account to the
present and the liberalization of trade as a stand-alone nostrum appears
not simply reactionary, but infantile--an anachronistic tantrum to
recapture the excitement of capitalism's birth, a period before
industrial maturation. We have some growing up to do.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BB2A9694-4BA9-4B65-9F66-6F0D13CF8BA9/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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