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Unfettered Capitalism

Lordknukle
Posts: 12,788
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12/6/2011 8:10:44 AM
Posted: 5 years ago
I just read "Death of the Liberal Class" by Chris Hedges and I have a one question.

Does the current liberal class promote unfettered capitalism? Didn't classic liberalism promote inferred capitalism? Hedges is saying that the classic liberal class didn't promote unfettered capitalism, but with the hijack of the contemporary liberal class, it does.

Thanks
"Easy is the descent to Avernus, for the door to the Underworld lies upon both day and night. But to retrace your steps and return to the breezes above- that's the task, that's the toil."
logicrules
Posts: 1,721
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12/6/2011 9:23:17 AM
Posted: 5 years ago
At 12/6/2011 8:10:44 AM, Lordknukle wrote:
I just read "Death of the Liberal Class" by Chris Hedges and I have a one question.

Does the current liberal class promote unfettered capitalism? Didn't classic liberalism promote inferred capitalism? Hedges is saying that the classic liberal class didn't promote unfettered capitalism, but with the hijack of the contemporary liberal class, it does.

Thanks

Having not read the book I cannot address the authors argument with specificity but generally I may shed light. The original use of the term Liberal Class dates to late 19th Century England. They were the reformers of the day and offered a broader view of society than their counterpart conservatives. (still parties in the UK)
With the dawn of the twentieth century and communism liberal took on an entirely new connotation. Liberal class became known as "fellow travelers" and were associated with communism and/or socialists. No self respecting Southern Democrat in the US considered themselves Liberal. The elitist of the Ivy league did share a certain simpatico with Lenin and Marx and pushed for many of those principles beginning with FDR. (see democratic platform of 1933 and communist platform) Thus the early Liberal class were industrial reformers, pre Russian Revolution. Obama is of the elitist Ivy group.