What is Capitalism?
“Know Your Enemy” – Rage Against the Machine2/1/2012 – LAVAAlex Knight, endofcapitalism.com
1. Capitalism is a Global System of Abuse
a) Common Sense Radicalism – speak to the core issue in a way everyone canemotionally understandb) How does it feel to live in a capitalist system? Like an abusive relationship.
“The problem that has no name.”c) Social and ecological trauma
BP Oil Disaster demonstrates system's logic: profit over all, total lack of accountability
2. Power, Abuse, Resistance
a) Power-Over and Power-Withb) Internalized Oppression vs. Inherent Need for Self-determinationc) Systems of Abuse/Oppression: Patriarchy, White Supremacy, Classd) Some Features of Class Societies:i. Inequality – the few benefit at the expense of the manyii. Economic production disconnected from human neediii. Forced labor – slavery, wage slaveryiv. State violence – punishment, repressionv. Warfare, Conquestvi. Propagandavii. Unsustainable ecological abuseviii. Popular resistancee) Capitalism is the most advanced Class Society
3. Capitalism: Pyramid of Accumulation
a) Financial Speculationb) Commodity Trading, Commoditiesc) Wage Labor, Wage Labor, Wage Labor
d) Enclosures: the largest, but invisible part of the iceberg i. any energy, resources or labor taken by force or without just compensation
4. Stages of Capitalism: 1492 – Present
a) Mercantile Capitalism (1492-1793)i. Land Enclosures – displacement of Europeansmall farmersii. Colonization, Genocideiii. Slaveryiv. Witch Hunts – attack on womenb) Industrial Capitalism (1793-1971)i. Fossil fuelii. Mechanized production – Richard Arkwright'ssteam-powered factoriesiii. World Wariv. Welfare state – rising living standards in the Global North