This is a steady, ceaseless process, impossible to contain as long as the economy driven by the endless accumulation of capital. The system may prolong its life by slowing down some of the activities which are wearing it out, but death always looms somewhere on the horizon.
Interpretation
The quote reflects on the unsustainable nature of capitalism and its inevitable decline.
Immanuel Wallerstein's quote emphasizes the ongoing and irreversible nature of capitalism, suggesting that although its mechanisms may slow down to extend its existence, the system is fundamentally destined for decline. The ceaseless accumulation of capital leads to eventual exhaustion, indicating that all economic systems, no matter how robust, will face mortality as they continue to operate within finite limitations.
In practice
In a discussion about economic systems at a university seminar.
If we return to the two faces of individualism - individualism as the spur of energy, initiative, and imagination; and individualism as the limitless struggle of all against all - it can be seen how the two practices emerge from and limit the extend of the disequilibrating impact of the contradiction involved in the geocultural agenda.
Scientific culture created a framework within which individual mobility was possible without threatening hierarchical work-force allocation. On the contrary, meritocracy reinforced hierarchy. Finally, meritocracy as an operation and scientific culture as an ideology created veils that hindered perception of the underlying operations of historical capitalism.
The break from the supposedly culturally-narrow religious bases of knowledge in favor of supposedly trans-cultural scientific bases of knowledge served as the self-justification of a particularly pernicious form of cultural imperialism.
What is different in capitalist civilization has been two things. First, the process of meritocracy has been proclaimed as an official virtue instead of being merely a de facto reality. The culture has been different. And secondly, the percentage of the world's population for whom such ascent was possible has gone up. But even though it has grown up, meritocratic ascent remains very much the attribute of a minority.
Historical capitalism is a materialist civilization.
It is this third consequence that has been elaborated in greatest detail and has formed one of the most significant pillars of historical capitalism, institutional racism.
When we were kids we always used to say, ‘Okay, whoever dies first, get a message through.’ When John died, I thought, ‘Well, maybe we’ll get a message,’ because I know he knew the deal. I haven’t had a message from John.
Be a good man to Allah and a bad man to yourself (desires); and be one of the commoners among the people
And I hope I'm forgiven for Thug Livin when I die.
The only real revolution is in the enlightenment of the mind and the improvement of character, the only real emancipation is individual, and the only real revolutionists are philosophers and saints.
It is in the interest of tyrants to reduce the people to ignorance and vice. For they cannot live in any country where virtue and knowledge prevail.
In Kabbalah, as in the Hassidic tradition, you cure the body, but you fix the soul. Curing takes time, but fixing, if you know how to do it, is immediate.
Subscribe for the occasional hand-picked quote. No noise.