>>460250>The logic of accumulation lies in the growing concentration and centralization of control over capital. Formal ownership can be spread out (as in the “owners” of shares in pension plans), whereas the management of this property is controlled by financial capital.
Absolutely nothing about this is new. This shit was as true in the seventeenth century as it is now.>The bourgeoisie was initially formed from stable bourgeois families.
Lel, no it fucking wasn't. It was formed of the bastards, the second sons, and the adventurers who plundered the New World. They were the least stable group imaginable.>To a large extent, the bourgeoisie as dominant class was accepted as such.
The fuck? It wasn't even accepted as such after the French Revolution. It wasn't recognized until after the turn of the Twentieth Century. Even Marx called it the "middle class." Who is the idiot who wrote this flagrant ahistorical bullshit?>Samir Amin
Of course.>Its access to the privileges of comfort and wealth seemed deserved in return for the services they rendered.
…to absolutely nobody. The aristocrats considered them to be savages and upstarts. Workers considered them to be little different from bandits (hence the term "robber barons"), and the peasantry thought of them as puffed up nobodies. It's like this idiot never read anything written in the ninteenth century.>The new ruling class is no longer counted in the tens of thousands or even millions, as was the case with the older bourgeoisie.
Gee, it's almost as if the petit-bourgeoisie is dying out for some reason, like something is causing their rate of profit to fall globally.>The English term crony capitalism should not be reserved only for the “underdeveloped and corrupt” forms of Southeast Asia and Latin America that the “economists” (the sincere and convinced believers in the virtues of liberalism) denounced earlier.
The term is reserved for use by fools who refuse to recognise that it's just how capitalism works. It has worked that way since the Dutch East India Company was founded, and even folks in the seventeenth century recognized it.Post too long. Click here to view the full text.