“From this skewed perspective, the 85 people who now own as much wealth as 3.5 billion people aren’t the big winners. They are instead a persecuted diaspora being exterminated by Hitler.
If that sounds absurd, that’s because it is. However, what was missed in much of the media outrage over Perkins’ letter is the fact that his sentiment isn’t new. In fact, it is altogether mundane. Indeed, as predicted by Godwin’s Law, the phenomenon known as Reductio ad Hitlerum has become the aristocracy’s standard rejoinder to both critiques of economic inequality and policy proposals that might reduce such inequality.”
“My point is not that anti-racism and anti-sexism are not good things. It is rather that they currently have nothing to do with left-wing politics, and that, insofar as they function as a substitute for it, can be a bad thing. American universities are exemplary here: they are less racist and sexist than they were 40 years ago and at the same time more elitist. The one serves as an alibi for the other: when you ask them for more equality, what they give you is more diversity. The neoliberal heart leaps up at the sound of glass ceilings shattering and at the sight of doctors, lawyers and professors of colour taking their place in the upper middle class. Whence the many corporations which pursue diversity almost as enthusiastically as they pursue profits, and proclaim over and over again not only that the two are compatible but that they have a causal connection – that diversity is good for business. But a diversified elite is not made any the less elite by its diversity and, as a response to the demand for equality, far from being left-wing politics, it is right-wing politics.”
“Piketty proposes instead that the rise in inequality reflects markets working precisely as they should: ‘This has nothing to do with a market imperfection: the more perfect the capital market, the higher’ the rate of return on capital is in comparison to the rate of growth of the economy. The higher this ratio is, the greater inequality is.”
“Obamaphelia, ‘the Obama disease:’ a delusional belief that Barack Obama is a progressive, peace- and justice-oriented, liberal and even left politician and policymaker. The belief is maintained despite abundant evidence to the contrary dating to and preceding the national unveiling of the “the Obama phenomenon” in the summer of 2004.”
Proto-punk, Post-Velvets Sublimity: The Modern Lovers' "Roadrunner"