On political capitalism and divided workers.
Sociology professor at UC Berkeley, Dylan Riley, talks to Alex and Lee about economic stagnation, the state propping up capitalism, and class politics.
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What is "political capitalism"? And is it true that plunder and predation matter more now than exploitation?
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Why hasn't the ruling class purged the system through mass bankruptcies and unemployment?
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How does Chinese state capitalism fit into the story of stagnation and excess capacity?
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What is the difference between economic interests and class interests? How is the working class divided today?
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Is there a way out of the impasse? What possibility is there of a pro-growth politics?
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Links:
Relevant Episodes
Riley & Brenner
Some Key Responses
Notable pieces in Sidecar by Dylan