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By the mid-twentieth century, elites had to find ways to surmount the natural limitations to the basic and destructive imperative of the capitalist system—the imperative for unending growth and expansion—in order to continue the accumulation of vast wealth. They turned to the ideology of neoliberalism in a renewed drive for laissez-faire policies, in which government largely withdraws from "interfering" with the economy, leading to nearly unrestrained profit-taking. While capitalists were able to fend off or minimize government interventions proposed to create or improve the quality of life for countless humans, they were quite focused putting the power of the state to work to aggressively protect and advance their interests . Through deregulation, tax breaks and the squandering of taxpayer dollars, large corporations and elites have flourished while masses around the world face harsh austerity programs. And in the United States, enormous public resources are diverted into the military-industrial complex and twenty-first century invasions and warfare. (en) |
