Reprinted from Marxism-L:
|from||Jeff Rubard <email@example.com>|
|to||Activists and scholars in Marxist tradition <firstname.lastname@example.org>
|date||Sat, Oct 18, 2008 at 8:57 PM|
|subject||The Credit Crunch and the Elections|
A quick thought, from someone who is more sociologically than economistically inclined: is the financial crisis not a “depth charge” indicating the net weight of the American political system in the world system? However much we might wish a third-party candidate was viable at the moment, or however much we might secretly cherish the prospect of pulling the lever for Obama, both candidates will not only represent but structurally be radical breaks with the Bush administration: Obama will perversely deepen the bilateral ties between the Third World and developing European nations that developed this decade, ties Bush exploited to put together the “coalition of the willing” but will presumably assume the shape of a “Good Neighbor policy” in Obama’s hands. McCain’s genuine distaste for torture will snap the faux security state Securing a “Homeland” and wagging dogs in what could otherwise be meaningless low-level conflicts with an Axis of Unpleasantness.