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Social Inequality, Economic Decline, and Plutocracy

Part of the Critical Political Theory and Radical Practice Book Series

DOI: 10.1007/978-3-319-49043-4

ISBN: 978-3-319-49042-7

Publisher: Springer International Publishing - Springer Journals

Feb 17, 2017

1 - 10 of 12 Chapters

LitStream

Chapter 1Introduction

Johnson, Dale L.

Pages: 1 –6

[During its heyday, the Occupy Movement in the United States fingered 1% of Wall Street criminals and decried the situation of 99%. The statistic 99% is not just arbitrary figuration, although I would reduce it to 90% as at least 9% are very privileged and faithful lackeys of the 1%. The sad...
LitStream

Chapter 2Money and the World It Creates

Johnson, Dale L.

Pages: 7 –21

[The system of capitalism generates the grossest of contradictions. The confiscation of wealth and the exercise of power impel poverty and powerlessness. Elite supremacy necessarily involves mass anomie, alienation among the citizenry, and individual estrangement from the self. There is...
LitStream

Chapter 3The Political Economy of Financialization and Its Consequences

Johnson, Dale L.

Pages: 23 –39

[The current economic situation in the United States and the even worse disaster in Southern Europe is a result of the exhaustion or lack of efficacy of the historical sources for the accumulation of capital combined with the political power of plutocracy that cannot, or will not, do anything but...
LitStream

Chapter 4Degenerative Development and Class Transformation

Johnson, Dale L.

Pages: 41 –58

[In neo-classical economic theory, the distribution of income and wealth is a function of “marginal productivity;” higher economic rewards accrue to those that make a greater contribution to society, as determined by the workings of competitive markets and the laws of supply and demand. This...
LitStream

Chapter 5Ideology as the Root of Plutocratic Rule

Johnson, Dale L.

Pages: 59 –78

[Capital dominates and plutocracy prevails in good part through promulgation of ideas, vulgar notions that flow from its privileged class interests, but repeated often enough that they seem to become common sense and widely adopted. The media wing of the 1% creates an “information age” in which...
LitStream

Chapter 6The Ruling Class Rules by Subordinating Government to the Sway of Money

Johnson, Dale L.

Pages: 79 –89

[One of the great myths of our time is that capitalism and democracy go together like bread and butter, bratwurst und sauerkraut, arroz y frijoles. From one historical situation to another, the norm of political rule in capitalist society is an authoritarian form of the state, most often posed as...
LitStream

Chapter 7Rule by Divide and Conquer

Johnson, Dale L.

Pages: 91 –108

[The third proposition is that the ruling class rules by creating divisions within and between social classes. In this divide and conquer strategy, the most important divisions played upon are those of social stratifications—the social divisions based on race, ethnicity, gender, and hierarchies...
LitStream

Chapter 8The Ultimate Means of the Rule of Capital: Repression, Terror, and War

Johnson, Dale L.

Pages: 109 –142

[America has a penchant for declaring war on intractable problems. Wars are embarked on whatever occurs to the powers that be that are viewed as problematic. The 1960s war on poverty, designed to counterbalance the war on Vietnam, has been long-abandoned in favor of neo-liberal poverty creation...
LitStream

Chapter 9The Globalization of Capital and Its Ideologically Framed Policies

Johnson, Dale L.

Pages: 143 –192

[Emerging victorious from war in 1945, the Americans went to cold war against the Soviets and hot wars against revolutionary forces in Korea and, later, Vietnam. By the 1960s in Latin America, efforts from mercenary invasion to terrorism and embargo crippled but failed to destroy the Cuban...
LitStream

Chapter 10A Summary of Strategic Considerations

Johnson, Dale L.

Pages: 193 –215

[A substantial part of the analysis so far has been devoted to examination of the structural forces that create worldwide conditions of gross inequality and injustice that force a path of degenerative development with adverse consequences for people and the environment. These forces work to...

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