The East is a Podcast
Michael Parenti: The 1% Pathology and the Myth of Capitalism (2012)
Apr 30, 2021
Exploring the dark side of corporate capitalism, capitalist impacts on the environment, and the transition from superstition to enlightenment. Discussing economic changes post-World War II, efficiency in public vs private services, and corporate greed leading to environmental decay.
57:53
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Quick takeaways
- Ruling classes use myths to legitimize their power, focusing on narratives over societal needs.
- Capitalism perpetuates false narratives of prosperity while sustaining economic inequality.
Deep dives
Inherent Justification of Ruling Class Myths
Throughout history, ruling classes have consistently utilized myths and symbols to justify their privileged societal position. The elite, including the 1%, weave self-legitimizing narratives to uphold their power. They strategically focus on manipulating thoughts and perceptions rather than addressing tangible needs like living conditions or societal issues. This strategic narrative construction is a common thread across different ruling classes through history, aiming to safeguard their authority and status.
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