Austerity & Capitalism
I am reading through Marilynn Robinson's latest book of essays today am trying to follow the article on Austerity and Ideology. It is thoughts like this that seem so new to me. She is talking about the cold war and where we have landed ... (America won and Russia lost): "I know we capitalists are supposed to feel triumphant about this, and I may cause scandal by noting that the United States has had a long history of wealth and Russia a much longer history of poverty, that the United States built up its economy during World War II, while Russia suffered devastation. Perhaps I lament a readiness for competition that cannot acknowledge its advantage, now more common by the day." Or in another passage where she references the quick return to power that took place after the 2008 economic crisis: "It is this supranational power, Economics Pantocrator, that failed us all in fairly recent memory. It has emerged from the ashes with its power and its prestige enhanced e...