A society of social descent, precariouisness and polarization has emerged out of the society of ascent and social integration. The modern age continues developing but backward. The social state, is a de-commodifying institution since it socializes risks.
The Capitalism of Hopelessness (tags)
Regulated capitalism reached its peak in the class compromise of the 1960s when representatives of workers could put the screws on the steamroller CEOs a little. The enemy and dynamic are lost to capitalism. Capitalism flows into a society without utopia and alternative.
The Capitalism of Hopelessness (tags)
The capitalism of hopelessness is a capitalism where the enemy is lost, where capitalism can no longer fulfill its promise of prosperity for the people as in the 1960s and where capitalism neutralizes all utopian energy and alternatives. Public jobs must be created in the emergency.