Crib Notes on Late Capitalism

Gordon Gekko, the fictitious corporate raider so memorably personified by Michael Douglas in Wall Street, lectured an assemblage of investors and flaccid board members with this eye-opening burst of insight:

The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of evolutionary spirit. Greed, in all of its forms, greed for life, for money, for love, knowledge, has marked the upward surge of mankind and greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA.

Gekko cut to the core of capitalism. He unclothed its essence, he upvoted its pseudo-scientific rationale, and he recognized its dominion over America. We should know by now, all these years and a Great Recession later, that sociopathic late capitalism reduces all morality to a single ethic: increase profits. At any cost. By any means necessary. And always as at a faster pace with fewer hands involved in the assembly, one day to be as seamlessly automated as it is amoral. Even when a throng of angry workers rise up and startle the bourgeoisie from its dogmatic slumber, the subsequent concessions are often piecemeal and temporary. As soon as they are implemented, the animated masses slip back into their consumer coma, and a cadre of capitalist purists, furiously underlining quotes in their laissez faire bibles, begin a massively financed…

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