'Capitalism's Ideological Crutches
Monday, 03 September 2012 09:31By Richard D Wolff, Truthout | Op-Ed
However, such ideologies arouse many more than the usual skeptics when - as in the 1930s and again since 2007 - capitalism's downturns cut deep and persist. Then capitalism's stark inefficiencies become too glaring as millions of unemployed workers alongside idled productive capacity yield massive waste and long-lasting social costs. Bailouts of large financial capitalists by the governments they control turn skeptics into critics. The critics then become mobilized into a real political opposition when subsequent government "austerity" policies shift the costs of crisis and bailouts onto the mass of people.
http://truth-out.org/opinion/item/11241-capitalisms-ideological-crutches
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