Our ‘Rentier Capitalism’ Is One More Nail In Earth’s Coffin

“Workers of the world unite, you have nothing to lose but your chains.” This famous socialist slogan, adapted from Karl Marx and Friedrich Engels’ “The Communist Manifesto,” struck Noam Chomsky as a poor fit for most people in the world’s rich nations almost half a century ago. “There is no doubt,” Chomsky wrote in August 1969 (when I was a sixth-grader mourning the Chicago Cubs’ collapse before the onrushing New York “Miracle Mets”), “that we can learn from the achievements and failures of revolutionary struggles in the less-developed countries. …” But, Chomsky added, “In an advanced industrial society, it is, obviously, far from true that the mass of population have nothing to lose but their chains … [since] they have a considerable stake in preserving the existing social order.”
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