Tag Archives: Neoliberalism

Not.Naked KeynesianismThe end of neoliberalism?Matias Vernengo | Associate Professor of Economics, Bucknell University

A while ago I promised to return to this topic and discuss Mirowski's reply in the INET debate to my comment on his paper. And yes it's been quite a while since that debate. At any rate, I was at the Political Economy of World Systems (PEWS) conference last weekend, and we had some time to discuss Wallerstein (with him, I'm glad to say), his views on the structural crisis of capitalism. And someone (can recall who did) said something to the effect that the collapse of the economy in 2008...

Australia is currently being shocked on a daily basis with the revelations in our Royal Commission on Banking, which show that our financial services sector (banks, insurance companies, financial planning, etc) is deeply corrupt, with criminal behaviour clearly rife. Hopefully, many of the top executives and board members of these firms will be prosecuted and do time. Another ‘bank’ that has totally lost any sense of moral compass, not to mention effectiveness, is the World Bank. Its...

The comprehensive survey by the Pew Research Center released Thursday found deep partisan divides over whether the country is achieving some of the values critical to maintaining democratic principles. Suggests that populism is on the rise across the population asa whole regardless of the partisan divide and large cohort that self-identifies as independent. This in turn suggests different forms of populism. The Hill Survey: Most say US not living up to its democratic idealsReid Wilson

Training first-world children for a third-world life. Must-read. Colonizing the home country. It's a recipe for revolt — or imposition of a totalitarian state to preclude it, which is already well in progress. The flying the ointment may be representative democracy, where the dispossessed majority, facing no hope, elect a "populist" government. That could go many ways., especially is resentment is elevated. INETThe Corporate Plan to Groom U.S. Kids for Servitude by Wiping Out Public...

One of the greatest tricks neoliberalism played is convincing the world it doesn’t exist. Economic historian, Dr Philip Mirowski says if we are to have any chance of defeating it, the left has to put its big boy pants on and get organised. “Neoliberalism doesn’t exist” is a common refrain from critics who like to pretend it is some kind of lefty-slur. But economic historian, Dr Philip Mirowski, whose book, The Road to Mont Pelerin explores its Swiss conception in 1947, says this is a...

Alan Blinder wrote a few days ago in the Wall Street Journal that economic theory has been often abused by politicians. He refers to what he calls the Lamppost Theory of Economic Policy, the notion that: "Politicians use economics the way a drunk uses a lamppost—for support, not illumination." His concerns are fairly conventional. He says: By 2020, higher spend­ing and tax cuts will push the fed­eral bud­get deficit above 6% of gross do­mes­tic prod­uct—higher than it ever was in the...

It is Wednesday so only a couple of snippets today. I was going to write about the BBC’s ridiculous attempt to portray Jeremy Corbyn as a sort of Russian-spy-type-dude in its Newsnight segment last Thursday (March 15, 2018). They manipulated his peaked hat (via Photoshop or through lighting) to make it look like a typical Lenin-type “Soviet stooge” hat and presented him against a red Kremlin skyline of Red Square...

Bad title, which the author corrects in the article. Neoliberalism is a political theory rather than an economic theory. Neoclassical economics is an economic theory. The tile contains a category error. The most important thing to understand is that neoliberalism is a post-war political movement that grew out of the Mont Pelerin Society, a thought collective that formed a consensus not to put the market at the centre of the state, but to take it over completely. Its entire objective is to...

Thomas Palley has a new paper: The Case for Concerted Action Thomas Palley – Re-theorizing The Welfare State And The Political Economy Of Neoliberalism’s War Against It V. Ramanan