The stock market seems wildly exuberant considering the overall global situation but it is just this irrationality that best exemplifies the period. "Late capitalism has an irreversibly destructive logic" says Walden Bello, pointing to the failed policy prescriptions trotted out to counter-act the crises of over accumulation. These "kinder, gentler" globalizations recognize the damage of the neoliberal "Washington Consensus" but don't solve the inherant contradictions and so the Band Plays On! Bigger Mergers, Bigger Bombs, Bigger Yachts!
Meanwhile, down at the Union Club in Missoula Montana, the Wobblies are patiently and diligently organizing for the day society finally looks into the mirror and sees nothing. We (our community) have a great speaker coming on the 18th to talk about the uprising in Oaxaca and a conference coming up later in the month for a discussion on New possibilities for organizing labor, including getting rid of the bosses! Meanwhile Ann Coulter is showing some leg on the Today show and flipping her blond mane while cracking wise, the traders on the floor are furiously buying and selling their promises, hopes and fears and the distant rumbling continues.
I have been trying to work through Jameson's Late Marxism word by word but it is heavier than wet concrete. Mandels Late Capitalism is far more accessible.
Despite the hegemony of neoliberalism, an examination of the different aspects of 'the new world order' hardly warrants confidence in the systems stability.Decisive economic events and class conflicts loom over the horizon. Got to go ,it's getting late.