Thought-Factory.net Philosophical Conversations Public Opinion philosophy.com Junk for code
hegel
"When philosophy paints its grey in grey then has a shape of life grown old. By philosophy's grey in grey it cannot be rejuvenated but only understood. The owl of Minerva spreads its wings only with the falling of dusk." -- G.W.F. Hegel, 'Preface', Philosophy of Right.
RECENT ENTRIES
SEARCH
ARCHIVES
Library
Links - weblogs
Links - Political Rationalities
Links - Resources: Philosophy
Public Discussion
Resources
Cafe Philosophy
Philosophy Centres
Links - Resources: Other
Links - Web Connections
Other
www.thought-factory.net
'Constant revolutionizing of production, uninterrupted disturbance of all social conditions, everlasting uncertainity and agitation distinquish the bourgeois epoch from all earlier ones ... All that is solid melts into air, all that is holy is profaned.' Marx

a good question « Previous | |Next »
October 27, 2008

Alex at Splintering Bone Ashes asks a good question in a recent post entitled Xenonomics and Capital Unbound:

A question remains open as to the current state of play with the unfolding trans-global financial deleveraging and subsequent mass-governmental bank buyout: Is this a genuinely unprecedented situation or simply the latest facet of business-as-usual, a crisis in the system, or merely a crisis of the system? The pessimism of the intellect suggests the latter, another arresting of the genuinely alien development of the capital-virus, in favour of the maintaining of a stable form. The optimism of the will though suggests that there might be the basis in the opprobrium that finance capital is now attracting (low level intensity but extremely broad in terms of numbers) for some kind of new proletarian leftist movement.

My view is that it is crisis of the system that could develop into a crisis in the system and that nation state are acting to retrench, to stabilise, to maintain the present system, in a new form, by whatever means necessary and available, including nationalizing parts of the financial system

| Posted by Gary Sauer-Thompson at 11:34 PM |