You Will Own Nothing...And?
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A study of contemporary theories of hegemony and empire and the looming, if not historically certain, collapse collapse of the American Collective. The article looks at the striking correspondence between contemporary theories of inequality and civilizational change.
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You Will Own Nothing...And? - Julian Macfarlane
Table of Contents
You will own nothing and....? | Part 2
You will own nothing and....?
Part 2
Emmanuel Todd predicted the demise of the Soviet Union: he looked at statistics for mortality and trade to identify the weaknesses of the Russian economic system. Now, he predicts the end of the West
for somewhat different reasons—a lack of moral integrity, compounded by rapacious greed and over-reaching inequality.
In his most recent work, La Défaite de l'Occident, Todd provides insights into some of the socio-anthropological determinants of modern hierarchies and inequality, writing what is essentially a sequel to Max Weber’s The Protestant Ethic and the Spirit of Capitalism
.
Of course, in the case of the USSR, its collapse really came down to inequality—communism or not. In the case of the West – it is again inequality, capitalism or not, but with, Todd says, a religious component.
So, it seems that almost everybody is talking about the same thing —the collapse of the Western system and inequality—but from their individual perspectives, of course, focusing on different aspects of America’s death rattle.Todd is an anthropologist. Piketty is an economist. His friend Hudson is an historian, looking back to the Ancient World.
Of the three mentioned, Piketty defines the issues in the simplest way.
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
― Thomas