Tag Archives: Conservatism

One of the themes that has emerged in the discussions of the British Labour Party Fiscal Credibility Rule (which should be renamed the Fiscal Incredulous Rule) is when is the right time for a political party to show leadership and start educating the public on new ideas. The Modern Monetary Theory (MMT) project has been, in part, about educating people even if our ideas have been strongly resisted by the mainstream. The mainstream (New Keynesian) paradigm in economics is degenerative...

Regular readers will know that I have spent a lot of time writing about the demise of the Left political parties as they became subsumed with neoliberal economic ideology, which blurred the political landscape as the ‘centre’ moved to the Right. That topic was the focus of our current book – Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto Books, September 2017). The neoliberal infestation has left these parties with declining electoral support,...

The book is not an easy read but it is compelling. The last 80 pages are notes and bibliographies and the text is densely referenced. It is academic in its nature but determinedly so – as if MacLean knew that the neoliberals would come after her (as indeed they have) when it was published, attempting to undermine her thesis and destroy her reputation; and that providing links to all the background material and quotes was a vital defence against such future attempts to trash her work. A...

Putin puts his finger on a key issue without naming explicitly.This is the classical question about what it means to be a good person in a good society.Under Anglo-American liberalism, this question is not to be asked because the market is the arbiter of truth and value equates to prices. In this view, culture is based on utilitarianism, with its stimulus-response model of human behavior, and law exists chiefly to provide security and protect private property.Traditionalism disagrees. In...

New sanctions are coming, whether he wants them or not. NATO expansion and the West’s Ukraine meddling will continue. Encirclement is firmly in place. It’s difficult to envision where this could lead, short of actual hostilities. Russia’s fundamental national interests, the ones Trump was prepared to accept, will almost certainly render such hostilities inevitable. The National InterestStop poking the Russian bearRobert W. Merry | Editor of the American Conservative

After Trump announced the existence of the alt-left on live TV, media outlets scurried to tell the world exactly where the term emerged from. CBS explains that it “came out of the conservative media.” CNN, quoting a director at the Anti-Defamation League, describes it as a “made-up term used by people on the right.” Heavy.com writes that “the term ‘alt-left’ began being used by the online conservative media in 2016 before it slowly migrated to more mainstream conservative voices, like Fox...

Weekend reading on economic and political economy. Phil always has interesting things to say as a philosophical economist or economic philosopher.American AffairsUtilitarian Economics and the Corruption of ConservatismPhilip Pilkington

This is Part V, and the conclusion, of the series providing my reply to Philip Wallach’s reply to my evaluation of his views on the platinum coin proposal and other options for settling debt ceiling conflicts. In Part I I discussed some preliminary mis-characterizations of what I said and, more importantly, why the commonly recognized fiscal policy rule that, at least over a number of years, government revenues ought to match government spending is fiscally unsustainable and fiscally...

This is Part IV of my reply to Philip Wallach’s reply to my evaluation of his views on the platinum coin proposal and other options for settling debt ceiling conflicts. In Part I I discussed some preliminary mis-characterizations of what I said and, more importantly, why the commonly recognized fiscal policy rule that, at least over a number of years, government revenues ought to match government spending is fiscally unsustainable and fiscally irresponsible in light of deductions from the...

This is Part III of my lengthy reply to Philip Wallach’s reply to my evaluation of his views on the platinum coin proposal and other options for settling debt ceiling conflicts. In Part I I discussed some preliminary mis-characterizations of what I said and, more importantly, why the commonly recognized fiscal policy rule that, at least over a number of years, government revenues ought to match government spending is fiscally unsustainable and fiscally irresponsible in light of deductions...