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[May 6, 2010 | Permalink | Comments | ]

How ‘Anti-Capitalism’ Undermines a Critical Perspective: Why are the prevailing perceptions of the crisis so superficial and backward? In a nutshell, because ‘anti-capitalist’ values now predominate in Western societies. I put ‘anti-capitalist’ in quote marks because this critique is not in fact against capitalism or the market economy per se; it is really against any form of economy that seeks to promote dynamic growth and development. And it is the old left that has been at the forefront of promoting this perspective. Traditionally, the left has used a crisis to expose the limitations of the market, while the right has usually sought to defend the system. But in the past two decades the left has become anti-development, anti-consumption and misanthropic, which has had the effect of redirecting criticism away from the market itself, and towards blaming humanity in general.

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