An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Reality always prevails, hence a system in shambles and collapsing. The result is chaos and violence.
Too bad policymakers and economists won't be judged by their indirect mass murdering through poor policy prescription. If you claim "you can't predict and control everything" as pragmatic politics would claim, you can't be hold accountable for everything.
But the moment egomaniac and arrogant policymakers and economists claimed they hold the key to secret universal laws of human societies behaviour and organization and dictate policy, they have to be hold accountable for the failure of their world-system impositions.
Unfortunately they have enclosed their responsibility in a way that it's 'heads i win and tails i win too', hene will never judged for treason or failure to the degree they should: ruining hundreds or thousands of millions of lives.
Neil's 'Straitjacket' is one of the best analogies I have seen for some time. Only thing is we choose to wear the straitjacket. Then we dream of freedom in virtual worlds. But the chains go deeper than the ecomomic system.
It's the interconnection of social class, political power, and economic wealth that drives a status quo. When the status quo changes pretty much all that changes is the people at the top. Cut off the heads of the monarch and aristocracy and they are replaced by the haute bourgeoisie.
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Reality always prevails, hence a system in shambles and collapsing. The result is chaos and violence.
Too bad policymakers and economists won't be judged by their indirect mass murdering through poor policy prescription. If you claim "you can't predict and control everything" as pragmatic politics would claim, you can't be hold accountable for everything.
But the moment egomaniac and arrogant policymakers and economists claimed they hold the key to secret universal laws of human societies behaviour and organization and dictate policy, they have to be hold accountable for the failure of their world-system impositions.
Unfortunately they have enclosed their responsibility in a way that it's 'heads i win and tails i win too', hene will never judged for treason or failure to the degree they should: ruining hundreds or thousands of millions of lives.
Which begets an ossified academia.
Neil's 'Straitjacket' is one of the best analogies I have seen for some time. Only thing is we choose to wear the straitjacket. Then we dream of freedom in virtual worlds. But the chains go deeper than the ecomomic system.
"The chains go deeper than the economic system"
Right adam Curtis in The Trap covers it.
It's the interconnection of social class, political power, and economic wealth that drives a status quo. When the status quo changes pretty much all that changes is the people at the top. Cut off the heads of the monarch and aristocracy and they are replaced by the haute bourgeoisie.
Americans are going to try sticking Trumps head on the corpse. It's worth a try :)
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