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Could he have imagined what's ongoing today, a much different process than he envisioned. Capitalism's greatest enemies are within, gaming the system destructively, wrecking economies for short-term gains, bribing politicians to go along for their own self-interest, and leaving future ones and CEOs to clean up perhaps an unfixable mess.
Moreover, devolution, not evolution, is happening. General welfare is absent. Living standards aren't rising, they're declining, and with that growing human suffering. Blame unchecked greed and Lord Acton's prescient warning that, "Power corrupts, and absolute power corrupts absolutely."
Reaping the whirlwind results, affecting ordinary people most, not perpetrators, their fortunes secure in offshore tax havens.
Serious economic trouble and decline are assured. Only their timing, duration and degree can't be predicted, nor can policy measures implemented as a result.
Given how destructive they've been so far, expect nothing better ahead, not for working households for sure. They're on their own and out of luck under America's first Black president promising change. He didn't explain what kind or who'd benefit.
Stephen Lendman lives in Chicago and can be reached at Email address removed.
Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
http://www.progressiveradionetwork.com/the-progressive-news-hour/ .
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