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Quote by Naved Abdali

“Mandatory allocation of capital between bonds and stocks by mutual funds creates tremendous short-term opportunities for investors.”

Quote by Naved Abdali

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Naved Abdali

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“In many ways, the left has never recovered from being wrong-footed by Capital's mobilization and metabolization of the desire for emancipation from Fordist routine. Especially in the UK, the traditional representatives of the working class - union and labor leaders - found Fordism rather too congenial; its stability of antagonism gave them a guaranteed role. But this meant that it was easy for the advocates of post-Fordist Capital to present themselves as the opponents of the status quo, bravely resisting an inertial organized labor 'pointlessly' invested in fruitless ideological antagonism which served the ends of union leaders and politicians, but did little to advance the hopes of the class they purportedly represented. Antagonism is not now located externally, in the face-off between class blocs, but internally, in the psychology of the worker, who, as a worker, is interested in old-style class conflict, but, as someone with a pension fund, is also interested in maximizing the yield from his or her investments.”

CapitalismCapitalTrade Unions
Book:Capitalist Realism: Is There No Alternative?
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