Episode 54. July 24, 2020

CLP Topic Category: Crony Capitalism

 

BLM Marxism and the Emerging Alliance With Global Corporate Crony Capitalism.

 

Introduction.

 

Our podcast today is titled BLM Marxism and the Emerging Alliance With Global Corporate Crony Capitalism and it extends the analysis of Richard D. Wolff, in his Salon article, “How racism became the essential tool for maintaining a capitalist order” by placing BLM Marxism within the conventional Marxist analytical methodology of its critique of capitalism.

In other words, we use Wolff’s standard Marxist class conflict theory to explain that the BLM alliance with crony capitalism is best understood as the capitalist class co-opting BLM with the tool of racism, in order to perpetuate global capitalism.

 

We argue that the recent crony corporate capitalist endorsements of the use of the term “systemic racism” enables the capitalist class to reproduce itself by continually pointing out to BLM that their conditions of oppression are caused by racism, not global crony capitalism.

Wolff notes,

  “Employers (capitalists) played on racialized differences to keep   employees (workers) from unifying against them. The bitter   competition between Black and white  workers acts as a shock-absorber         for cyclically scarce jobs… capitalism fostered and benefited from         racism.”

To paraphrase Wolff, the capitalist class pits Blacks against Whites to act as a shock absorber for the lack of jobs and choice provided under the older form of monopoly capitalism.

Wolff’s Marxian methodology must be updated from the older interpretation of monopoly capitalism to incorporate the newer concepts of global corporate cronyism.

Marxian theory predicted that the older forms of monopoly capitalism had internal contradictions that would, eventually, consign capitalism to the trash heap of history.

We argue that monopoly capitalism has been replaced by crony corporate global capitalism.

The earlier concept of “working class” in monopoly capitalism must be updated to incorporate the group identity ideology that all social groups are exploited by the capitalist class.

In the newer version of crony capitalism, the capitalist class includes all white people, not simply the White cops or the White owners of production capital.

The concept of exploitation and increasing misery of the oppressed groups must be updated to include the newer concept of the neo-slavery of global crony capitalism.

In the neo-slavery of global corporatism, oppressed people have no choice but to submit to the economic choices, including unemployment and poverty, offered by corporations.

The concept of democracy as citizen participation in collective political decisions must be changed to mean equality of incomes, as determined by the elites in the vanguard political party.

With these modifications to traditional Marxist theory, the dialectics of two seemingly incompatible world views, the BLM Marxist view of America as systemically racist, and the crony capitalist view that democratic structures and competitive markets are inferior to a seamless global, totalitarian government, can be more easily reconciled.

The synthesis between the two seemingly incompatible world views is through the joint understanding and agreement by both parties that the Chinese Crony State Communism model represents the best economic model to replace the free enterprise, individualistic model.

The traditional Marxian theory offers both an economic theory of the capitalist’s use of profits obtained through exploitation of the worker, and a theory of history, called the "materialist conception of history.”

The truth of the Marxian historical prediction was never verified because capitalism never died, like Marx predicted. Capitalism kept reinventing itself, and seemed to reincarnate into new forms that defied the Marxian historical prediction.

The reason for the recent failure of historical materialism is that the older monopoly capitali