Yanis Varoufakis, I fear, is yet another voice drowned out by the deafening cacophony of voices from the socially positioned, privileged, entitlement minded “free-market” capitalists (the neoliberals).
This article, from which I derived the quote below, is a must read for anyone remotely interested the root causes of economic disparity. Although he is writing to the economic crisis in Europe, his words ring out a warning to all capitalist nations, especially the U.S. and Britain. Liberals and progressives, in reading the article, need keep in mind his reason for not offering a radical change at this time. Remember the old adage; The only way to eat an elephant is one bite at a time.
Both electricity and labour can be thought of as commodities. Indeed, both employers and workers struggle to commodify labour. Employers use all their ingenuity, and that of their HR management minions, to quantify, measure and homogenise labour. Meanwhile, prospective employees go through the wringer in an anxious attempt to commodify their labour power, to write and rewrite their CVs in order to portray themselves as purveyors of quantifiable labour units. And there’s the rub. If workers and employers ever succeed in commodifying labour fully, capitalism will perish. This is an insight without which capitalism’s tendency to generate crises can never be fully grasped and, also, an insight that no one has access to without some exposure to Marx’s thought.
Here is the ever widening gap of economic disparity in the United States: