Socialdem. 21st Century

An older talk but still interesting.[embedded content]

You are seeing it before your eyes. And you know why.[embedded content]Insane, unending mass immigration of people with an incompatible culture, failed and discredited multiculturalism, Islamism and unassimilated, segregated communities of increasingly radicalised Muslims are the major causes.Even as I write, there are news reports of two armed men killed after taking hostages in a church near Rouen in France. One hostage is dead. Jean-Claude Juncker has just announced that “no matter how...

Because Trump has broken decisively with the Neoconservatives, the warmongering faction of the GOP, who have been behind pretty much every US war since 2000. He has also pushed the GOP to the left on economics, even if this is a rhetorical play.But it is strange how most people on the Left can’t see this or notice its significance, as Michael Hudson explains:[embedded content]Note well: over at the Weekly Standard, which is pretty much Neocon Central, there is as much hatred of Trump as on...

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For keeping track of the news, whether on politics and economics, with some other links of interest:(1) General NewsBBC NewsReuters.comGoogle NewsBloomberg NewsCNNAmerican ABCMSNBCFoxnews.comRt.comVice NewsDer Spiegel Online InternationalLe Monde diplomatiqueThe EconomistHaaretzTimes of IsraelJerusalem PostXinhuaChina DailyAntiwar News Sources (a great, long list of news websites)(2) British Newspapers and JournalsThe TimesIndependentThe GuardianNew StatesmanLondon Review of BooksThe...

[embedded content]Whoa, could this be because (1) Trump is speaking to ordinary people on issues that matter, e.g., the disaster of free trade, collapse of manufacturing, and pro-big business mass immigration (however much American liberals’ heads explode whenever you mention this to them), and (2) Hillary Clinton is a corporate shill, neocon-lite warmonger, and historical supporter of most of the things people hate in (1)?I’m on Twitter: Lord Keynes...

But you won’t know it from the weird Hayek apologists and Free Bankers who have essentially rewritten history to make it seem as if Hayek was in favour of MV stability by monetary stimulus and central bank intervention during the early years of the Great Depression (see here for a full discussion).Not too long ago I had a run in with some of the Hayekian True Believers on Twitter.One of them cited the second part of Hayek’s review of Keynes’ Pure Theory of Money (see Hayek 1932; the first...

Friedrich List saw right through the English argument for free trade in Germany in his National System of Political Economy:“In our days the English legislation not having separated German agriculture from the British manufactures, Germany, with a progress of twenty years in an industrial career achieved at immense sacrifices, would he blind to allow herself to be diverted by the repeal of the English laws from the great national object she is now pursuing. We have, indeed, a firm conviction...

Read it here for yourself:http://intelligence.house.gov/sites/intelligence.house.gov/files/documents/declasspart4.pdf Even though there are several passages where US government officials assert that the Saudi government wasn’t involved, the evidence in the report says otherwise. If this isn’t a scandal that stinks to high heaven, then I don’t know what is. And still parts of it are redacted – sometimes whole paragraphs.See here and here. However, I think the title of this is a bit silly. I...

That is, if you are a highly paid, middle class professional in the West, as Dean Baker notes:“The trade agreements that the United States has negotiated over the last three decades have been about getting low cost auto workers, steel workers, and textile workers. In addition, immigration policy has been designed to ensure that custodians, farmworkers, and dishwashers all work for low wages. These policies have been successful in pushing down wages for large segments of the work force, not...