"Neoliberalism, then, has morphed into a system programmed to inflict recurrent catastrophic failures. Worse than that, it has broken the 200-year pattern of industrial capitalism wherein an economic crisis spurs new forms of technological innovation that benefit everybody.
"That is because neoliberalism was the first economic model in 200 years the upswing of which was premised on the suppression of wages and smashing the social power and resilience of the working class. "
-- Paul Mason, "The end of capitalism has begun," The Guardian, 2015-07-17 [thanks to realinterrobang for quoting this earlier]
To my fellow Americans, happy Labour Day!
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