Tag Archives: Neoliberalism

Hudson, who, by my primitive criteria, is one of the best (true) economics and economic history brains of our time doesn't mince the words and calls it as he sees it (correctly): Trump’s Trade Threats Are Really Cold War 2.0. Hudson correctly identifies the issue…. Reminiscence of the FutureSo, Michael Hudson Calls It.Andrei Martyanov

Igor Sechin, the CEO of Rosneft and one of the most powerful people in Russia, isn’t jumping on the Alt-Media bandwagon of speculating about America’s supposedly imminent demise but is instead warning that it might actually be about to enter a “golden age”, albeit one that could very easily lead to “energy colonialism” all across the world.... And this is what is now happening. Exhibit #1 is "freedom gas." More expensive, but, hey, "freedom" doesn't come without cost. Eurasia FutureRussia...

At stake is whether China will agree to do what Russia did in the 1990s: put a Yeltsin-like puppet of neoliberal planners in place to shift control of its economy from its government to the U.S. financial sector and its planners. So the fight really is over what kind of planning China and the rest of the world should have: by governments to raise prosperity, or by the financial sector to extract revenue and impose austerity. U.S. diplomacy aims to make other countries dependent on its...

Simon Wren-Lewis is obviously upset because some MMTers have called his economic policy proposals (providing the theoretical foundation for Labour’s Fiscal Credibility Rule) “neoliberal”. Neoliberal or not, what he does have to say about MMT and his own mainstream economics makes it clear what the debate really comes down to: Monetary policy, except at the lower bound (to which Labour affixes a rule), versus fiscal policy in accordance with functional finance.What this boils down to is...

Simon Wren-Lewis's response to Bill Mitchell proves Bill's point. I can't wait to see Bill's smackdown, if he bothers to respond. I don't have the time to waste. SWL is out of his league here.SWL doesn't get that the conventional approach is neoliberal. Reiterating it and saying it is not neoliberal doesn't cut it. I have little hope that SWL or the rest of the left neoliberals will ever get it. They will have to be replaced. New StatesmanLabour's fiscal credibility rule isn't neoliberal...

Last week, Thomas Fazi and I had a response to a recent British attack on Modern Monetary Theory (MMT) published in The Tribune magazine (June 5, 2019) – For MMT. The article were were responding to – Against MMT – written by a former British Labour Party advisor, was not really about MMT at all, as you will see. Instead, it appeared to be an attempt to defend the Labour Party’s Fiscal Credibility Rule, that has been criticised for being a neoliberal concoction. Whenever, progressives use...

Today’s blog post considers the Australian election and some issues that arose from my recent trip to Scotland – all of which bear on the progress of our work in the public debate. In Australia, we have just held a federal election and it was expected (and certainly the polls and bookies expected) that the Labor Party would win easily after 6 shocking years of conservative rule. Those 6 years have been marked by scandal, three leaders (Prime Ministers), massive internal divisions within the...

The French poet Charles Baudelaire wrote in 1864 that “the cleverest ruse of the Devil is to persuade you he does not exist!” I will argue here that this is directly applicable to today’s neoliberals, whose devil’s ruse is to pretend they do not exist. Although neoliberalism is widely recognized as the central political-ideological project of twenty-first-century capitalism, it is a term that is seldom uttered by those in power. In 2005, the New York Times went so far as to make...

Nicholas Kaldor on how neoliberalism weakened labour power. Happy Labor Day to all those that don't have a passive income from portfolio investment. You are the people that get it done. The Case for Concerted ActionLabour Day!V. Ramanan

On Sunday, May 12, 2019, I will be presenting a workshop in London on – Local Government Funding: Challenging the Status Quo. Basically, I will be speaking about the way in which flawed understandings of the capacities of currency-issuing governments, combined with a vicious, ideological attack on working people from a government fully invested in neoliberal transfers to the elites, have ravaged the capacity of local government in the UK to deliver essential public services. See the Events...