It’s the System Stupid

Bibliographic Data

ID9197808
AuthorsHans Despain, Hans G Despain (corresponding author)
Year2013
Volume65
Issue6
Pages39
Publication date2013-11-04
Open AccessNo
TypeARTICLE
VenueMonthly Review (JOURNAL)
Journal identifiersISSN: 0027-0520 • E-ISSN: 0027-0520
PublisherMonthly Review Foundation (PUBLISHER)
DOI10.14452/mr-065-06-2013-10_4
OpenAlexW2008892972
LanguageEN
Citations received4

On Thursday, December 13, 2012, The Guardian announced Queen Elizabeth finally received an answer to her question—"Did nobody see this coming?"—about the 2008 financial crisis.... Perhaps she could have also asked three more questions: Does nobody see the suffering and socioeconomic injustices of oligopolistic-finance capitalism? Does no one see that the problems are structural and systemic? And is there no alternative to a system that generates continuous "quadruple crises"—the socioeconomic, political, environmental, and personal/psychological?... The conventional wisdom is "There Is No Alternative," or TINA. For this reason most Americans simply acquiesce to capitalistic social relations and, like Sisyphus, are resigned to performing eternal tasks while enduring the "endless" quadruple crises generated by a pathological system.... The most extraordinary aspect concerning the absence of an alternative is that it is fallacious. The capitalistic system itself must be transformed. To put it into a slogan: Capitalism Is No Alternative, or CINA.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website

Capitalism · Economic history · Economics · Financialization · Guardian · Market economy · Media studies · nobody · Political economy · Political science · Politics · Slogan · Sociology · Theology · Thursday · Economic Theory and Institutions · History · Law · Philosophy

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