Coronal Thoughts

Those interested in reality and decent survival might ponder how our present pandemic underscores a few key points.

Three initial thoughts strike TCT as interesting:

First, the essential unity of human affairs. The arrival of the corona virus throws a rather bright light on the long-running fallacy of purely “private” enterprise, does it not? As has always been true, but is usually not so obvious as it is at this moment, doing business is always and everywhere a deeply social activity that relies on a host of quite distinct collective arrangements.

Second, risk. One of the cardinal excuses capitalists make for their incomes’ departure from any conceivably reasonable theory of compensation-for-services-rendered is the claim that their willingness to expose their investments to decline and destruction is itself such a service, and therefore justifies the existing flow of wealth. Tell us, then, O Barons of Business: Are you now willing to watch your enterprises go under — to forgo any and all public assistance? If your acceptance of risk really is the basis for your reward, why would you not simply take what fate is now dealing you? Pray, tell us your answer, which will certainly be very interesting…

The third question that seems especially apt right now is that of the exploitation of unpaid personal labor, which remains something, of course, mostly done by women. Given the ongoing fracture of purportedly “natural” routines and perceptions, the connections between what we do for employers and what we do to deliver ourselves to our employers ought to be right up in just about everybody’s grill, in these viral days. Perhaps it has been unwise and unhealthy to allow our overclass to treat our self-care activities as mere appendages to its own singular priority?

An Institutional Problem

Capitalism’s apologists have always portrayed their system as “the end of history,” the best of all possible ways of setting social priorities.

The classic statement of this claim came, of course,

Read moreAn Institutional Problem