In the U.S., political-economic institutions are defined by an emerging crisis. Stagnant to weak economic growth characterizes the modern economy. Wall Street’s rise to power has meant the financialization and destabilization of the economy, along with the attendance of mass distrust of corporate America. Ecological crisis threatens corporate capitalism more than any other force. Mass distrust also extends to business dominated political institutions. And yet, despite the rising distrust of societal institutions, numerous hurdles have prevented the articulation and development of viable alternatives to the status quo. In this presentation, Dr. Anthony DiMaggio will examine sources of the growing crisis of confidence toward US institutions, and explore why a serious discussion of revolutionary politics has failed to materialize. He will discuss the major forces impeding social transformation, including the decline of public education and organized labor, which have been responsible for the deterioration of leftist politics and left public intellectualism.
Recorded July 15th at the Open University of the Left in Chicago, Illinois.