Socialdem. 21st Century

From Engels’ Socialism: Utopian and Scientific (1880):“Let us briefly sum up our sketch of historical evolution.I. Mediaeval Society.— Individual production on a small scale. Means of production adapted for individual use; hence primitive, ungainly, petty, dwarfed in action. Production for immediate consumption, either of the producer himself or of his feudal lord. Only where an excess of production over this consumption occurs is such excess offered for sale, enters into exchange....

Steve Keen uses the Minsky program to analyse debt and credit in capitalist economies:[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...

In this new video on the unrealistic assumptions of neoclassical microeconomics:[embedded content]

The most crazed and unhinged anti-Trump ad I have ever seen in this unusually unhinged campaign, run some months ago by the Citizen Super PAC, which is connected to the Republican party:[embedded content]If there was a recent Republican administration whose international violence and war crimes evoked memories of Nazi Germany, then it was most certainly the administration of George W. Bush, whose Neoconservative warmongers were responsible for the illegal invasion of Iraq in 2003, torture,...

… can be seen right here in the modern regressive left at the University of Cape Town:[embedded content]More discussion here.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...

Wicksellian loanable funds theory still lies at the heart of neoclassical economics.This was developed by Knut Wicksell. Wicksellian monetary theory was widely accepted in the period before Keynes’ General Theory, and indeed Keynes himself accepted the natural rate of interest in the Treatise on Money.The real natural rate of interest lies at the heart of Wicksell’s version of loanable funds theory to equilibrate saving and investment, and links Wicksell’s capital theory with his monetary...

Food for thought in this video:[embedded content]

Here:[embedded content]I agree. The attempt to provoke conflict in Syria with Russia has to be the single most outrageous and dangerous policy being pushed by Clinton.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...

In this kind of thing here, which is now all over the media.So now Trump stands accused of being an anti-Semite, apparently because of this speech in West Palm Beach, Florida?:[embedded content]These accusations are pathetic, and a new low in this presidential campaign.Exactly how Trump can be anti-Semitic when he’s taken some of the most pro-Israel positions of any American presidential candidate ever remains a mystery (see also here and here).More than this, Ivanka Trump (Trump’s own...

The YouTube personality Sargon of Akkad analyses the American presidential campaign and Hillary Clinton below. Food for thought.[embedded content]Responses?You cannot help but notice that some of the worst people on the American political spectrum hate Trump: namely, libertarians, Neoconservatives, free trade conservatives, the free trade liberals, the neoliberal Democrats, liberal interventionists, and the regressive left. Say what you like about him, but Trump is anti-establishment and...