by Summary:
We have smashed ourselves without realizing it...
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Steve Keen considers the following as important:
This could be interesting, too:
We have smashed ourselves without realizing it...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Robert Waldmann writes What Chinese Invasion Fleet ?
NewDealdemocrat writes FHFA and Case Shiller repeat sales indexes show YoY price growth has peaked; slow deceleration in shelter CPI should continue
Bill Haskell writes Five Men at Atomic Ground Zero
Joel Eissenberg writes The COVID vaccines are really, really safe
| We have smashed ourselves without realizing it... |
We have central banks. Trillion dollar stimulus by the government. Banks to big to fail run by the friends of the government. The economy is manipulated to prevent natural cycles from completing. Policy is run for the benefit of the 1% by the 1%. We already have a sift marxist economic system. Profits are privatised but risk is nationalised. This is not capitalism. This is a soft version of a command economy.
There is nothing natural about any type of economy, since it is man made.
And you are a dreamer, when you believe in markets. What economists tell about markets is a fairy tale. They will never ever work like this as long as we use capital (machines etc.). If we don't use capital we will be poor as mice and don't need markets at all but only some ground to grow food for ourself.
Oh btw. Marxism hasnt worked anywhere and where it has been tried it has resulted in a ruling class, poverty for the masses, opression and persecution of the intelligentsia. Thats not my kind of utopia. You can have a go on your own but please dont expect us to pay for it, participate in it, or subject our kids to your experiments. Thanks.