But without the threat to end capitalism, it's impossible to get economic elite to accept reforms which are real solution.
I'm pretty sure some members of American elite did feel like there systemic crisis in 1960s/1970s (I remember seeing polling of CEOs in 1970s showing widespread pessimism)
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Elites were more worried about capitalism's fate in the late 1870s--1890s and then in the immediate aftermath of he Russian Revolution. They were agitated in the sixties too.
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But seriously, that it would just *end*? The malaise speech did not anticipate the demise of capitalism. I don’t know a single historian who really thinks crisis=potential collapse of American capitalism.
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Ask
@DougHenwood about this -- he once cited a poll of American businessmen in 1970s to this effect.
End of conversation
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yes, the capitalist mobilization of the 1970s was all about fear for the system’s future - Powell memo and all that - let me see if I can find that Harvard Business Review poll Jeet is talking about
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