28 November 2008
“The bourgeoisie [are] out of answers, and with the increasing costs of production and transportation driven by the price of oil, with the price of oil driving the bourgeoisie into greater capital expenditures to increase the rate of surplus value; with oil undermining growth in the mass and rate of value added– manufacturing, hidden beneath all the noise and clamor of Wall Street, of all the investment bankers at all the trading desks slapping themselves on the back with each new deal– manufacturing had all ready rung the closing bell.
“Those who didn’t hear it, couldn’t hear it. They were too smart. They were too stupid.
“The only answer left for capitalism…is the destruction of assets.” — ‘Pimp My Assets Part 3’, The Wolf Report.
So desperate are we for real change that Obama’s election promises became a veritable mantra for millions of people, especially the young, black and poor. Understandably, there is more than a little wishful thinking involved here given the disastrous decade we’ve been through. And after all the guy is young, apparently gifted and black, what more could anyone ask for?