Socialdem. 21st Century

Richard Werner gives a talk below on “Strategic QE: Money Creation for Sustainable Investment” at the EU Parliament:[embedded content]A minor point: I don’t think it is correct to say that the banks, when they create a new loan, record their liability as a “fictitious deposit.” Instead, the new demand deposit is technically and legally an IOU or promise to pay, but also a type of credit money, so that new demand deposits expand the broad money supply.I don’t accept Werner’s “quantity theory...

A re-recorded version of a talk given at a “Rethinking Economics” conference in Bologna, on Post-Neoclassical economics teaching and research:[embedded content]Realist LeftRealist Left on Twitter @realistleftRealist Left on RedditRealist Left BlogRealist Left on YouTubeLord Keynes on FacebookSocial Democracy for the 21st Century: A Realist Alternative to the Modern LeftAlt Left on the Internet:Alternative Left on FacebookAlt-Left on Google+Alt-Left Closed Facebook...

Lenin was wrong about imperialism being the highest stage of capitalism.Instead, we are seeing the highest stage of neoliberal capitalism playing out all over the Western world right now, and here is the BBC doing us all a tremendous service by describing it, as advocated by a non-executive chairman of Goldman Sachs International and a UN special representative for migration:Brian Wheeler, “EU should ‘undermine national homogeneity’ says UN Migration Chief,” BBC News, 21 June 2012.The...

Here:[embedded content]Sounds great to me. My own feelings on American politics are: imagine if the Left had a billionaire (as Trump was) but to run as a Democratic party candidate with an MMT program. As much as I like Bernie, he was for many people tainted by his Marxist past. But imagine a rich, successful charismatic businessman who could push a left Keynesian program and say, “look, this is good for capitalism and the middle class!,” but at the same time have a quiet but sane policy on...

Sane analysis of the latest phase of this hysterical nonsense:[embedded content]Cohen brings up this acutely relevant point: back in 2016, Obama pushed for a ceasefire agreement in Syria and even a policy of coordinating with the Russian military against Islamic State and Nusra Front forces, and even a plan for a “Joint Integration Center” (JIC) for both US Russian military cooperation.Such cooperation with Russia in Syria was, more or less, what Trump promised in 2016.So why wasn’t Obama...

Liberals and leftists, take note:[embedded content]Realist LeftRealist Left on Twitter @realistleftRealist Left on RedditRealist Left BlogRealist Left on YouTubeLord Keynes on FacebookSocial Democracy for the 21st Century: A Realist Alternative to the Modern LeftAlt Left on the Internet:Alternative Left on FacebookAlt-Left on Google+Alt-Left Closed Facebook GroupPrince of Queens YouTube Channel Prince of Queens on TwitterSamizdat: For the Freedom Loving...

Virtually the whole program is a case of vicious class war but against middle class people too:[embedded content]If it were really the case that H-1B visas are just a program to import immigrants to do jobs Americans cannot do, then there wouldn’t be so much evidence of employed people being forced to train their own H-1B replacements and the fired.Realist LeftRealist Left on Twitter @realistleftRealist Left on RedditRealist Left BlogRealist Left on YouTubeLord Keynes...

Just look at what US Republican politicians are planning for America:Neil Munro, “Two GOP Legislators Propose American Replacement Bill, Plus Amnesty,” Breitbart, 4 May 2017.These Republican scumbags want to “annually import 500,000 foreign blue-collar workers and white-collar professionals to replace Americans who have fallen out of the workforce and into drug addiction,” all justified with the usual outrageous nonsense that people don’t want to work or that they can’t find Americans to...

Steve Keen’s talk here in Copenhagen on the fallacy of the loanable funds model of banking:[embedded content]Realist LeftRealist Left on Twitter @realistleftRealist Left on RedditRealist Left BlogRealist Left on YouTubeLord Keynes on FacebookSocial Democracy for the 21st Century: A Realist Alternative to the Modern LeftAlt Left on the Internet:Alternative Left on FacebookAlt-Left on Google+Alt-Left Closed Facebook GroupPrince of Queens YouTube Channel Prince of Queens...

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