Friday, June 26, 2015

Bill Mitchell — Greece has only one viable path – exit

Neoliberalism is a political theory based on economics and bad economics at that. This is all about politics, that is distribution of power, rather than economics, in that economic distribution is based on economic power that flows from political power, which in term flows from social power, that is, is class structure and interest.

Bill Mitchell – billy blog
Greece has only one viable path – exit
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia


Ralph Musgrave said...

Neoliberalism is approximately synonymous with a belief in free markets according to dictionaries. So which is the more free market: a system where every country has its own currency or one where there is one centralised currency? I’d say the former.

Conclusion: a common currency is relatively un-neoliberal.

Tom Hickey said...

Neoliberalism and neoconservatism are about freedom of the powerful to rape, pillage and murder. Because "freedom."

Ignacio said...

Well, it all comes from the belief on 'neutrality of money' Ralph, a centralized money evens out the whole global exchange and makes money neutrality even more real (in the minds of neoclassical economists) so the "free (rigged) markets" can reign free independently of government intervention.