are the first generation of US Americans to have life prospects worse than their parents. The astronomical means that many young people put off the m… - Jodi Dean

The contemporary Left claims not to exist. Whereas the Right sees left-wing threats everywhere, those on the Left eschew any use of the term "we," emphasizing issue politics, , and their own fragmentation into a multitude of singularities.

September 2011 shattered the ideology of an invincible Wall Street much as September 2001 shattered the illusion of an invulnerable United States. All of a sudden and seemingly out of the blue, people outraged by the fact that "banks got bailed out" and "we got sold out" installed themselves in the financial heart of New York City. Occupying the symbol of capitalist class power, they ruptured it. The ostensible controllers of the global capitalist system, still reeling from the crash of 2008, appeared to have lost control over their own cement neighborhood. Hippies with tents and cops with barricades had turned Lower Manhattan into a chaotic mess. Those seeking to combine the people's work, debts, hopes, and futures into speculative instruments for private profit confronted a visible and actual collective counterforce. There in the power of the people where investment banks and hedge funds had already identified an enormous social surplus, a cadre of the newly active located an inexhaustible political potential. It was like a giant hole had been opened up in the steel and glass citadel of the financial class. Through it, traders, brokers, and market-makers – as well as everybody else – could see the possibility of a world without capitalism. Wall Street was occupied.

Precisely because the Soviet Union adopted "the capitalist heavy-industry definition of economic modernization," socialism remained caught within a very specific capitalist model of economic development. The Soviets did not reconstruct American capitalism. They glorified it. (Indeed, for some Soviets, Henry Ford was as close to a saint as one could get.)