Gimme Culture

The world was saved from the terrors of the great depression not by some glorious ‘new deal’ or the magic touch of Keynesian economics in the treasuries of the world, but by the destruction and death of global war… the present theory suggests a rather more sinister and terrifying interpretation of military expenditures: not only must weapons be bought and paid for out of surpluses of capital and labour, but they must also be put to use. For this is the only means that capitalism has at its disposal to achieve the levels of devaluation now required. The idea is dreadful in its implications. What better reason could there be to declare that it is time for capitalism to be gone, to give way to some saner mode of production?