Socialdem. 21st Century

Listen here.A fascinating discussion.

Here is Foucault’s view on the nature of truth:“The important thing here, I believe, is that truth isn’t outside power, or lacking in power: contrary to a myth whose history and functions would repay further study, truth isn’t the reward of free spirits, the child of protracted solitude, nor the privilege of those who have succeeded in liberating themselves. Truth is a thing of this world: it is produced only by virtue of multiple forms of constraint. And it induces regular effects of...

I don’t agree with everything here (sure, there are some hysterical bits here and there), but this documentary by Peter Navarro called “Death by China” (2012) is food for thought:[embedded content]Curiously, Peter Navarro is now an economic adviser to Trump, and you can see why there is massive corporate hostility to Trump, who clearly wishes to end this corporate outsourcing of jobs and manufacturing to China.My discussion of Chinese mercantilism is here.Also, my own posts against free...

Some additional videos of Ian Fletcher, the author of Free Trade Doesn’t Work: What Should Replace It and Why (2nd edn.; 2011), criticising free trade:[embedded content][embedded content]An important point in the video above at the end is that today various forms of East Asian state capitalism (although they are by no means free from problems, e.g., the current property bubble and banking problems in China) are still killing the Western neoliberal version of capitalism. We in the West need a...

A nice critique of free trade here:Bill Mitchell, “The Case against Free Trade – Part 1,” Billy Blog, 27 October, 2016.Bill Mitchell analyses the Heckscher-Ohlin model of free trade, and notes that this model requires the following grossly unrealistic assumptions:“1. There is always full employment through price flexibility. Inputs can move freely within countries between technologies and commodities, which means that labour can move without any costs involved between two types of production...

Here:[embedded content]I can’t find the full speech, so cannot be sure.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+Samizdat Broadcasts YouTube ChannelSamizdat: For the Freedom Loving LeftistI’m on Twitter: Lord Keynes...

In this recent interview here:“2. The Crazy (and not so Crazy) Ideas of Donald Trump,” Debunking Economics – The Podcast, 25 October, 2016.The virtue signalling about Trump is tiresome, however: Hillary’s warmongering over Syria is far more dangerous than anything Trump has said.But – at last – there was at least an attempt at some fairness here, with the following admissions:(1) Trump’s protectionism is a position that the heterodox left can happily agree with, given that free trade...

Robert Skidelsky gives a lecture below on “Muddles in Models: Unsettled Questions in Macroeconomic Policy,” held at the 13th International Post Keynesian Conference, 15–18th September, 2016 in Kansas City:[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...

Realist Left’s latest analysis of the US presidential and US Congressional elections:[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+Samizdat Broadcasts YouTube ChannelSamizdat: For the Freedom Loving LeftistI’m on...

This is an excellent recent interview with Paul Davidson, one of the most important Post Keynesian economists of our time:[embedded content]His new book is Paul Davidson, Post Keynesian Theory and Policy: A Realistic Analysis of the Market Oriented Capitalist Economy, Edward Elgar Publishing, Cheltenham, UK, 2015.Here is a quick bibliography of Paul Davidson’s work:Davidson, Paul. 1972. Money and the Real World. Macmillan, London.Davidson, Paul and Sidney Weintraub. 1973. “Money as Cause and...