General Discussion
In reply to the discussion: Nothing’s changed: Both political parties aim to protect and reinforce the capitalist system [View all]socialist_n_TN
(11,481 posts)social safety net..." thing working out for ya? One nice thing about holding a Marxist viewpoint is that you're trained to look on time scales longer than a single lifetime. It's a systemic outlook that goes from primitive, communal prehistoric tribes to slave culture, to feudalism, to capitalism and then expands this idea of a progression into the future to socialism and finally communism where a social steady state is found.
To a Marxist, the "well-regulated and non-crony capitalism" of the middle decades of the previous century was a aberration that wouldn't hold forever. It was the Keynesians who thought they could "tame" capitalism. Marxists always knew that the capitalism that we have now would return sooner or later because that's what capitalism IS. And it has returned with a vengeance.
All you have to do is study some history of the USA and you'll see that that mythical "well-regulated capitalism" was a mirage all along. Every time capitalism gets out of control, it's "regulated" AND THEN IT THROWS OFF THOSE REGULATIONS! Regulation happened at the end of the Gilded Age and was thrown off during the Roaring 20s. After it crashed the world economy, it was "regulated" AGAIN, until it threw off those 1930s regulations AGAIN and crashed the world economy AGAIN. What makes you (or anyone) think that "regulation" will ever work over the long term?
Because capitalism concentrates wealth and power in a small elite group (that's it's purpose), that group WILL ALWAYS SEEK TO THROW OFF ANY STRICTURES PUT ON IT. And because they DO have the wealth and power, THEY WILL ALWAYS SUCCEED IN DOING SO.
Regulating capitalism is like riding a tiger. It's very hard to do and you're always in danger of being eaten.