What is most galling, from a socialist perspective, is the dawning notion that capitalism may be leaving us with less than it found on this planet, about 400 years ago, when the capitalist mode of production began to take off. Marx imagined that industrial capitalism had potentially solved the age-old problem of scarcity and that there was plenty to go around if only it was equitably distributed. But industrial capitalism--with some help from industrial communism--has brought about a level of environmental destruction that threatens our species along with countless others. The climate is warming, the oil supply is peaking, the deserts are advancing and the seas are rising and contain fewer and fewer fish for us to eat. You don't have to be a freaky doomster to see that extinction may be what's next on the agenda.

smashing capitalism:
I wish I could report that the current attack on capitalism represents a deliberate strategy on the part of the poor, that there have been secret meetings in break rooms and parking lots around the country, where cell leaders issued instructions like, "You, Vinny -- don't make any mortgage payment this month. And Caroline, forget that back-to-school shopping, OK?" But all the evidence suggests that the current crisis is something the high-rollers brought down on themselves.
(...) When, for example, the largest private employer in America, which is Wal-Mart, starts experiencing a shortage of customers, it needs to take a long, hard look in the mirror. About a century ago, Henry Ford realized that his company would only prosper if his own workers earned enough to buy Fords. Wal-Mart, on the other hand, never seemed to figure out that its cruelly low wages would eventually curtail its own growth, even at the company's famously discounted prices.
(...) It gets worse though. While with one hand the high-rollers, H. Lee Scott among them, squeezed the American worker's wages, the other hand was reaching out with the tempting offer of credit. In fact, easy credit became the American substitute for decent wages. Once you worked for your money, but now you were supposed to pay for it. Once you could count on earning enough to save for a home. Now you'll never earn that much, but, as the lenders were saying -- heh, heh -- do we have a mortgage for you!
(...) Pay day loans, rent-to-buy furniture and exorbitant credit card interest rates for the poor were just the beginning. In its May 21st cover story on "The Poverty Business," BusinessWeek documented the stampede, in the just the last few years, to lend money to the people who could least afford to pay the interest: Buy your dream home! Refinance your house! Take on a car loan even if your credit rating sucks! Financiamos a Todos! Somehow, no one bothered to figure out where the poor were going to get the money to pay for all the money they were being offered.
(...) in the long term, a system that depends on extracting every last cent from the poor cannot hope for a healthy prognosis. Who would have thought that foreclosures in Stockton and Cleveland would roil the markets of London and Shanghai? The poor have risen up and spoken; only it sounds less like a shout of protest than a low, strangled, cry of pain.

barbara ehrenreich on higher education:
The pundits keep chanting that we need a more highly skilled workforce, by which they mean more college graduates, although the connection between college and skills is not always crystal clear. Jones, for example, was performing a complex job requiring considerable judgment, experience and sensitivity without the benefit of any college degree. And how about all those business majors -- business being the most popular undergraduate major in America? It seems to me that a two-year course in math and writing skills should be more than sufficient to prepare someone for a career in banking, marketing, or management. Most of what you need to know you're going to learn on the job anyway. But in the last three decades the percentage of jobs requiring at least some college has doubled, which means that employers are going along with the college racket. A resume without a college degree is never going to get past the computer programs that screen applications. Why? Certainly it's not because most corporate employers possess a deep affinity for the life of the mind. In fact in his book Executive Blues G. J. Meyers warned of the "academic stench" that can sink a career: That master's degree in English? Better not mention it.
(...) My theory is that employers prefer college grads because they see a college degree chiefly as mark of one's ability to obey and conform. Whatever else you learn in college, you learn to sit still for long periods while appearing to be awake. And whatever else you do in a white collar job, most of the time you'll be sitting and feigning attention. Sitting still for hours on end -- whether in library carrels or office cubicles -- does not come naturally to humans. It must be learned -- although no college has yet been honest enough to offer a degree in seat-warming.
(...) Or maybe what attracts employers to college grads is the scent of desperation. Unless your parents are rich and doting, you will walk away from commencement with a debt averaging $20,000 and no health insurance. Employers can safely bet that you will not be a trouble-maker, a whistle-blower or any other form of non-"team-player." You will do anything. You will grovel.