Our Oh-So-Patient Overclass

The mainstream excuse for letting capitalists keep economic surpluses is that they deserve it because of their patience in waiting for a return and foregoing consumption.

That’s always been a massive joke, of course, since surplus-takers have never foregone an ounce of personal luxury.

And, as Frances Wheen suggests, the abstinence theory of private capital was formulated after and against Marx’s emphasis on the taking of unpaid and alienated labor-time as the real core of business fortunes.

But now, we have the chance to see the true object of overclass patience, the one thing these self-congratulating world-wreckers are actually oh-so-willing to wait for.  The blatant reality before us is that our overclass is the ultimate pack of procrastinators.  In our age of dire planetary problems, the investing stratum is quite willing to wait until Hell freezes over before they admit they were wrong, that it is indeed quite possible for the rich to be too rich and powerful, and everybody else too poor and powerless.  A sick, sick system…

Another Change You Can Believe In

Fresh off his post-primary promise not to question existing US policy on Israel, Mr. Obama has now revealed even more of what he meant by “change.”  Apparently, the unnamed “changes” he promised during his pathetic battle with the walking disease known as Hillary Clinton were not alterations in the murderous/suicidal policies of our troubled market totalitarian neo-racist nation, but rather swift, sharp shifts away from the things millions of poor, deluded Obama people thought they were voting for:

The general campaign is on, independent voters are up for grabs, and Barack Obama is toning down his populist rhetoric – at least when it comes to free trade.

In an interview with Fortune to be featured in the magazine’s upcoming issue, the presumptive Democratic nominee backed off his harshest attacks on the free trade agreement and indicated he didn’t want to unilaterally reopen negotiations on NAFTA.

“Sometimes during campaigns the rhetoric gets overheated and amplified,” he conceded, after I reminded him that he had called NAFTA “devastating” and “a big mistake.”

Does that mean his rhetoric was overheated and amplified? “Politicians are always guilty of that, and I don’t exempt myself,” he answered.