Those crummy quizzes.
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Quite so. My mistake.
Can’t quite agree. Insofar as Keynesianism has a coherent opposite within capitalism, it would probably be the fantasy of anarcho-capitalism. Neocalssical economists have their problems, but they’re not as totally divorced from reality as an-caps IMHO.
Thanks for the video. I enjoy Chomsky’s well-considered thoughts on most just about everything. It’s been a long time since I read Wealth of Nations, but I don’t recall Smith advocating the ideas of mercantalism. Rather the opposite, but he does spend a chunk of the book reviewing it as the dominant paradigm of the day and then arguing, not altogether convincingly as Chomsky notes, that market forces will correct for the problems perceived by mercantalism without protectionist policies that were the norm at the time.
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Life gluten free or die?
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When was the last time we played it?
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Can we choose naan of the above?
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As far as I can tell, “neo-liberal” is rapidly losing meaning as it’s being used in internet discussions to mean anything from the actual neoliberals to “I don’t like these people but I can’t call them rightwingers” to who knows what else.
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I was thinking more in terms of “Keynes is the grandaddy of Social Liberalism, Neolibs are the rejection of Social Liberalism”.
(using the international definition of Social Liberal here, not the US-style culture wars version)
All terms get abused, but to me neoliberalism is still the widespread post Cold War turn back towards the small-government laissez-faire economics [1] that characterised original (i.e. 18/19th century) liberalism.
The turn to social liberalism during the Cold War was guillotine insurance; after the threat of competition faded, the Bismarkian concessions to the working class were withdrawn and we returned to unrestrained capitalism.
Using it to describe individuals rather than policies is where it gets loose, though. I’d say that it’s a fair descriptor of the dominant policy outlook in both major parties over recent decades, however.
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[1] Although then as now, in practice it was actually “deregulate anything that might restrict our ability to extract profit, but retain the use of state power to crush anything that threatens our wealth”.
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Should we give another try?
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Don’t think that the German economy was that much more centralised than say the US or UK during the war. Nazism was still a capitalist system which is why they were bankrolled by business on the way up. They were a bulwark against communism and state ownership of the means of production.
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I think that’s more our ignorance of the existence if Ayn Rand and that shite rather than our resistance to that idea of libertarianism. This is changing however, with tech bros and young people of privilege comes the stupid and I see its filthy stains over some arguments I see these days that would not have happened in the past.
Plus: US interference in elections and politics round the world is hardly new. The difference is that in post war Europe they used to fund Labour youth movements and avant garde music to keep us safe from communism.
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Speer came pretty close in the end.
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That’s about the Nazis bringing their system half way through the war into line with the British centralised model.
Nazis were capitalists. War economies are war economies.
You are a very fast reader, kudos.
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Ha! Skimmed I’m afraid.
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Yeah, totally. I am Canadian and we complain about its problems quite a bit (slow to get appointments etc), but few would be up for trading it for the American healthcare non-system.
Saint_NaanEvent?
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That’s a pretty fair statement. One party, when confronted with a problem of inequality or abuse, would throw money at the abusers. The other party tried to look like they were doing something about it by drafting regulation, but then fell down on enforcement, often picking winners and losers through regulatory capture and almost random enforcement of regulation.
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Selling arms to despots is the traditional way to increase your yield in financial shenanigan cupcakes. Returning to East India Baking Company recipes.
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Hasn’t it been far too long?
Isn’t “the only way to win” is not playing?
Can you think of a better time than now?
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