Socialdem. 21st Century

From Ha-Joon Chang’s 23 Things they Don’t Tell you about Capitalism:“Here are the profiles of two developing countries. You are an economic analyst trying to assess their development prospects. What would you say?Country A: Until a decade ago, the country was highly protectionist, with an average industrial tariff rate well above 30 per cent. Despite the recent tariff reduction, important visible and invisible trade restrictions remain. The country has heavy restrictions on cross-border...

As can be seen from this and this on the disaster of ethnic voting fraud in the UK.In continental Europe, we have things like this, this and this.And then we have the outrage of children raped and abused by immigrant gangs on an industrial scale in the UK. The full facts on this can be read in Peter McLoughlin’s Easy Meat: Inside Britain’s Grooming Gang Scandal (New English Review Press, London, 2016), or summarised in these videos:[embedded content][embedded content]The fact that the UK...

It seems this diagram always provokes more criticisms. The last complaint is that there needs to be a line from Marxism (I assume via Michał Kalecki) to Post Keynesianism.So now we have this third version, which needs to be opened in a separate window: However, the link to Marxism should not be exaggerated. It is important to remember that Michał Kalecki rejected the labour theory of value (LTV), and we know this from the Polish Marxist economist Włodzimierz Brus, who knew Kalecki personally...

Ralph Nader, a great man of the American left, discusses American politics with the Paleoconservative and populist Patrick Buchanan, in an older but very thought-provoking interview here.What is remarkable here is how much agreement there is in this interview.There is a real sense in which America might be able to get a mass, populist movement against neoliberalism, if people on the right and left could put aside certain differences and unite beyond a political figure who combines the best...

I was pleased to see my older diagram used here in a critique of Noah Smith.Some people pointed out that Knut Wicksell, given his influence, needs to be included in the diagram. That is true.So I have revised the diagram as follows (open in a separate window to see it properly): I have included Knut Wicksell, the American School (Henry C. Carey and Alexander Hamilton), Georg Friedrich List, the Birmingham School, the Stockholm School, and Karl Polanyi and Primitivism.On Knut Wicksell, see...

I mean a Left not made useless by neoliberalism, identity politics, French Poststructuralism, Marxism, Postmodernism, cultural and moral relativism, extreme multiculturalism, the cult of open borders, and the bizarre excesses of SJW nonsense.Some things spring to mind:Reformed Left (well, obviously… ) Rational Left New Left? Alternative Left Old Left Uncucked Left (this is nothing but a *joke*, people… ) Realist Left Sane Left 21st Century Left. Of course, “New Left” is already taken (e.g.,...

The full speech:[embedded content]

They are both hopeless: Free movement of people is the logical corollary of free moment of goods under free trade. These are both two sides of the same poisonous free market coin. If you think one is bad, you have some explaining to do about why you don’t reject the other too.I’m on Twitter: https://twitter.com/Lord_Keynes2

To understand that, admittedly, cryptic headline, read the full, original story here.I’m sorry, but I tried hard – so hard – to resist this… but:I’m on Twitter: https://twitter.com/Lord_Keynes2

Pictured in one photo here, with context here.Meanwhile, just watch as the pro-free trade conservative Ben Stein announces that the US has full employment and free trade has been awesome:[embedded content]Yes, this is the degree of utter delusion in which elite US journalists and pundits live.I’m on Twitter: https://twitter.com/Lord_Keynes2