Neoliberals like Larry Summers are aghast at the prospect of a Trump presidency. He recently called it the most dangerous thing that could happen to America.
The hyperbole is overflowing like rivers of shit straight out of Summers' mouth.
Here's the guy who pushed aggressively for the deregulation of the financial sector, which eventually led to a near-total, global economic collapse. And it's safe to say that billions...BILLIONS of people have still not recovered from that.
This guy is an ass if there ever was one, but he shows you the extreme worry by his crowd if Trump ever becomes president.
Think of it, a candidate who wants to raise taxes on the rich (and who's rich, himself!), boost wages, impose tariffs on China and other trading partners and a guy who HATES Wall Street and the parasitic speculators that prey on our economy.
What horror!!!
From the neoliberals and warmongering neocons to the corporate CEO's and the lobbyists and political establishment and elite (of both parties), Trump has enormously powerful forces arrayed against him. It is almost impossible for him to win.
What am I saying? It is impossible.
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.
Showing posts with label neoliberals. Show all posts
Showing posts with label neoliberals. Show all posts
Thursday, April 14, 2016
Monday, July 13, 2015
The Greek "deal" is an orgy of neoliberal grab
Here's the "deal" that Tsipras agreed to in what is being described as anything from a whipping to a torture chamber. Frankly he deserves a whipping, but not this kind.
In the end what has emerged as the "deal" is nothing more than an orgy of neoliberal grab.
Here we go:
- Privatization program. Greece will be forced to sell off 50 billion euros in valuable assets. Of course, this is what the oligarchs were after. These are primo assets. Once again it's the looting of long-paid-for assets by theives with fraudulent claims to them. These assets have benefited the people. Now The Powers That Be can charge money for their use.
- Ambitious pension reforms. So the pension money will be stolen by the banksters to make them whole from their horribly wrong speculations. Off the backs of the innocents. What scum. This is exactly what the Greek voters voted against, but hey, referendums in Greece are not binding so too fucking bad, people.
- Liberalization of Greece's economy. That means deregulation, which is one of the favorite scams of the neoliberals who disguise this as fake competition and freeing up the "free market" when in fact it's nothing more than state sanctioned racketeering by large multinationals--European and American. They come in, take control, boost their profits and impose their will.
- Modernizing the labor market. Haha. How funny. You knew this was coming. It's a euphemism for union destruction and labor subjugation.
- Depoliticizing the Greek government establishment. Talk about brazen. These guys have gone above and beyond with this one. It's basically saying we're going to take politics out of politics. In other words, the end of any form of representative government. Don't even think about it. We'll be taking over from here on.
- Ending or rolling back legislation that Syriza passed in its first six months. This one goes hand in hand with the bullet point above. Your government passed laws? Too fucking bad, we're cancelling those laws.
Anyone who says this is not a coup is a fool. By the way, the hashtag #ThisIsACoup is trending on Twitter.
On another note, let's not get smug or overly critical of the Greek people or for that matter go on any sort of rant against this outcome for that would be hypocrisy. The same thing goes on here in America and in Europe all the time.
While we don't have binding referendums (a direct democracy) in the USA or, in most European countries, (we have representative government) the will of the people is almost always ignored just the same. We know this by looking at polls and then seeing what laws are passed, which are almost always against what the people want and almost always aligned with what the elites want.
We have seen it here in the USA with Citizens United, the many trade deals (in fact, one that Congress just gave to Obama), endless foreign wars, tax giveaways to they rich, law enforcement and police brutality, NSA surveillance and much more. So we are just as much sheep being led to slaughter as the Greeks.
Monday, July 6, 2015
Remember, just last Thursday, when Varoufakis threatened to quit if the Greek people voted "YES?" So they listen to him and voted "NO" and he still quits!
What kind of behavior is this? Does this speak to a timid, confused, mousy man or, what?
LAST THURSDAY, Varoufakis threatened to quit if the Greek people voted "YES."
So they listened to him and voted as he wished--NO--and what does he do? He fucking quits.
This is another example of the type of pathetic, useless, completely confused leadership of the left the world over. It is sooooo fucking easy for the Conservatives and neoliberals to run the left around and herd them like a bunch of sheep.
They're laughing now...absolutely laughing their asses off.
Like I said, Alexander the Great is rolling over in his grave at this pathetic display of mousy-ness.
Saturday, November 15, 2014
Eurozone Instability & Austerity: Policymakers Still Discussing It To Death In Greece
(Commentary posted by Roger Erickson)
Will this turn out any different than the parallel conference that Bill Mitchell is attending?
There will be token acknowledgement of people like Bill Mitchell on a panel, but the main topics & speakers are already set to "answer" the wrong questions. The whole conference outcome is already co-opted.
If these conferences are mainly about the right way to capitulate to the ECB NeoLiberals, then it's all over except the dwindling shouting.
The only possible outcomes are slow defeat ... or a riot at one or more of these conferences?
I'm just looking for signs of when the inevitable enough is finally enough. Parasites always drive adaptive aggregates to a phase shift in their organizational state - to either death or sweeping adaptive change. It's only a matter of time.
That will be the point where aggregates remind themselves that all contexts are transient, and that there is no fixed thesis.
Eurozone Instability & Austerity: Policymakers Still Discussing It To Death In Greece
Will this turn out any different than the parallel conference that Bill Mitchell is attending?
How to SANELY govern Europe?If you read the Italy agenda throughout, it looks like a set-up & cover-up.
There will be token acknowledgement of people like Bill Mitchell on a panel, but the main topics & speakers are already set to "answer" the wrong questions. The whole conference outcome is already co-opted.
If these conferences are mainly about the right way to capitulate to the ECB NeoLiberals, then it's all over except the dwindling shouting.
The only possible outcomes are slow defeat ... or a riot at one or more of these conferences?
I'm just looking for signs of when the inevitable enough is finally enough. Parasites always drive adaptive aggregates to a phase shift in their organizational state - to either death or sweeping adaptive change. It's only a matter of time.
That will be the point where aggregates remind themselves that all contexts are transient, and that there is no fixed thesis.
We need no timeless thesis or antithesis, only unending synthesis.
Actually, we should honor and laugh at social parasites, for their service in driving our constant adaptive responses. Even if we get tired of swatting mosquitoes after the fact, and eventually drain whole swamps, we just generate novel new crops of our own parasites, as a fundamental outcome of our own social diversification. Diversity & self-parasites are dual aspects of autocatalysis.
The NeoLiberals will one day be dead. Long live the parasites!
Meanwhile, history repeats itself. Who could predict that modern Greece would be felled by a Trojan Bourse?
Thursday, September 27, 2012
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