Capitalism’s In-House Critic: Hedges’ Monbiot Interview
Chris Hedges hosts a very interesting discussion with Guardian columnist George Monbiot on his new book about capitalism and its modern incarnation, neoliberalism. Monbiot rightly sees capitalism as a supremely “coercive, destructive and exploitative mode of economic organisation.”
Neoliberalism, observes Monbiot, emerged as capitalism’s response to its biggest challenge: democracy.
After centuries of struggle, Western publics managed to win the vote. The capitalist ruling class faced a major problem. The public sought to use its newfound political power to secure other rights, such as labour protections. Workers organised into trade unions to demand a bigger share of the value of the commodities they created. These new voters also wanted a better quality of life, including weekends off and proper housing, and an environment free of industrial pollutants that were (and still are) contaminating the air they breathed, the food they ate, and the water they drank.