Socialdem. 21st Century

Here:[embedded content]Sad to say, but he’s losing it.Some criticisms:(1) Chomsky’s view that Trump has no coherent positions and no fixed ideas is nonsense. For many years, Trump was consistently warning of the dangers of free trade and de-industrialisation in America. For many years, Trump was a supporter of some kind of universal health care system and as recently as last year was saying that the government needs to increase its role in provision of healthcare:[embedded content] Trump has...

Here are some interviews with Steve Bannon, the man who is probably going to be Trump’s chief strategist at the White House:(1) Michael Wolff, “Ringside with Steve Bannon at Trump Tower as the President-Elect’s Strategist Plots ‘An Entirely New Political Movement’ (Exclusive),” Hollywoodreporter.com, 18 November, 2016.(2) J. Lester Feder, “This is how Steve Bannon sees the Entire World,” Buzzfeed.com, 16 November, 2016.These interviews are very interesting indeed, because it is clear that...

[embedded content]Don’t pretend you didn’t crack up!

Michael Hudson is interviewed below in this Meet the Renegades video:[embedded content]Check out his website here.

And the caricature libertarian Jeffrey Tucker tells us why Trump is a “fascist” for wanting to do so:[embedded content]I mean, really, if you go back and listen to some of these libertarians on Trump, you can see that some of their rhetoric was as crazy as that of the unhinged left. It doesn’t matter whether conservatives, liberals or leftists depart from the failed laissez faire program of free markets and free trade, to these half-baked libertarian crackpots, everybody who does so is a...

Trump’s victory has unleashed a tidal of hysterical nonsense from free traders, Neoconservatives, the mainstream left, the regressive left and liberals, but libertarians aren’t that happy either, so it seems.Think about it. Most probably, Trump is about to implement:(1) hostility to free trade agreements of the past 30 years;(2) protectionism and tariffs;(3) some kind of industrial policy;(4) a wall with Mexico and a restrictive immigration policy that will lead to labour market...

Bill Mitchell has just published the third in his series of posts on free trade:Bill Mitchell, “The Case against Free Trade – Part 1,” Billy Blog, 27 October, 2016. Bill Mitchell, “The Case against Free Trade – Part 2,” Billy Blog, 8 November, 2016.Bill Mitchell, “The Case against Free Trade – Part 3,” Billy Blog, 22 November, 2016.Realist LeftRealist Left on Twitter @realistleftRealist Left on RedditRealist Left BlogRealist Left on YouTubeLord Keynes on...

The following is an interview with Frederic S. Lee, a Post Keynesian economist and author of Post Keynesian Price Theory (Cambridge and New York, 1998):[embedded content]A short bibliography of Lee’s major works:Lee, Frederic S. 1985. “‘Kalecki’s Pricing Theory’: Two Comments,” Journal of Post Keynesian Economics 8.1: 145–148.Lee, Frederic S. 1986. “Post Keynesian View of Average Direct Costs: A Critical Evaluation of the Theory and the Empirical Evidence,” Journal of Post Keynesian...

Carrier Air Conditioner announces its offshoring of production to Monterrey, Mexico, a move which will throw 1,400 people out of work:[embedded content]Trump told workers he won’t let things like this happen, and threatened the treasonous corporations with tariffs:[embedded content][embedded content]By some accident (lol…), he also won Ohio, Wisconsin, Michigan, and Pennsylvania, the rust belt states savagely hit by deindustrialisation and free trade.Trump had the balls to stand up for...

Here: Philip Pilkington, “Why the Pollsters totally failed to call a Trump Victory, Why I (sort of) succeeded – and Why you should listen to neither of us,” Fixing the Economists, 14 November, 2016.A good discussion.Probabilities can be categorised into the following types:(1) a priori probabilities (which are analytic a priori and necessarily true), and(2) a posteriori probabilities (which are contingent and empirical), further divided into:(a) relative frequency probabilities; (b)...