To Die for Wall Street

Coronavirus, Social Classes and the Prevailing Culture


Alejandro Teitelbaum

he COVID-19 epidemic has clearly revealed the process of decomposition—progressively accelerated over the past half century—of the capitalist system in its political, economic, social and cultural aspects. The leading political elites that presented themselves as—and long ago were to a certain extent—mediators between the economic power and society, have ceased to be so and, with nuances, are now simply transmission belts of real power: towering financial, industrial and commercial capital. Even as managers of the dominant system they are in clear decline: two or three decades ago there were still some among them with some capacity and ability to manage the State. They were able to foresee, evaluate and decide. And they used to surround themselves with competent people.

Citizen intervention through so-called representative democracy could function as a counterweight to the degradation of the political elites. But it is increasingly evident that the myth of "representative democracy” or "delegative democracy" as some call it, after a long agony is now in a state of advanced decomposition. Will there be social awareness of a radically unprecedented and innovative new paradigm?

Will this brutal manifestation of the ravages that capitalism causes serve for a massive process of awareness and will provoke a profound change in the system, as some think? We do not know. In any case, it will not happen if the cultural ideological hegemony does not change the playing field and in this way the great majority begin to understand that there are alternatives to capitalism and intend to actively participate in the construction and implementation of a project— utterly unprecedented and innovative—truly socialist and authentically democratic.

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