But without the threat to end capitalism, it's impossible to get economic elite to accept reforms which are real solution.
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Replying to @HeerJeet @mattyglesias
Well, since when — beginning in the 17th century — has ending capitalism seemed realistic?
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The 1960s.
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Dreams only. Not that dreams are not important.
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You don’t think JFK and J Edgar were genuinely worried about Communism?
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They were not genuinely worried that capitalism was in crisis.
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Replying to @TenuredRadical @mattyglesias
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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Replying to @HeerJeet @mattyglesias
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.
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