Why the Aristocracy Hates Capitalism


Well, there are several reasons, of course but one of the more important is pointed out by Theodor Adorno,* who wrote:

“The concept of connections, a category of mediation and circulation, never flourished best in the sphere of circulation proper, the market, but in closed and monopolistic hierarchies.”

The patronage system is challenged by market-based activities where transactions are valued according to more transparent criteria – in other words, we should support capitalism (with a peg on our noses if necessary) as a stage in the struggle against the existing feudal order.

 * Adorno, Theodor, Minima Moralia: Reflections on a Damaged Life (London and New York: Verso, 2005), translated by E.F.N. Jephcott, p.23.

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JW

JW has been one of the first contributors to this blog before he gave up on it all in April 2010, during a time when Thai society got more and more polarized about political matters because of red-shirt protesters.

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