Its Wednesday, so a collection of snippets, ads and music. One of the things I am working on as part of my book venture with Thomas Fazi, our followup to – Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto Books, September 2017) – is the way the Left and Right are responding to the current crisis. It is clear to me that the Right are seeing it as a way to really entrench new beach head gains on their long term agenda to divert public spending away from general welfare towards the top-end-of-town and to use the legislative/regulative structures of government to further their aims to divert more of the national income produced towards capital, particularly financial capital. Meanwhile, it looks as if the Left has gone to asleep – or better – they haven’t really woken from their long-term slumber as they dream their standard narrative that global capital has made the state unable to pursue independent fiscal agendas that will improve the lot of all humanity. So I am looking into that sort of narrative and collecting evidence as one does to compile into a coherent argument.Bill Mitchell – billy blog
Progressives still speak the language of the neoliberals but then dream of change
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
1 comment:
Otoh, the MMT School clings to the Gold Standard banking model as if fiat were still too inherently scarce for everyone to use it directly and not just private depository institutions.*
*Except for mere physical fiat, grubby coins and Central Banks Notes, to a limited extent.
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