Apparently, the Left/Right Paradigm is dead. This narrative keeps coming back. In the 1980s, when governments, coopted by corporate lobby groups, went on a privatisation spree, which transferred billions of dollars worth of public assets into the hands of private wealth holders, and enriched lawyers, management consultants etc into the bargain, we were told that we are all capitalists now because our pension funds bought the assets. Joke. Anyway, I keep reading and being told that there is no longer any meaningful distinction between Left and Right, with both falling into the hands of totalitarian discourse. Even so-called progressives advocate that the traditional Left should partner up with the traditional Right (and far Right) to keep ‘centrists’ out of power or to stop governments taking basic actions to protect public health. It is the ultimate victory for the neoliberals to have persuaded the Left that they have more in common with the Right than ever before. This is another example of how duped the Left has become....
Bill Mitchell – billy blog
The Left/Right distinction is as relevant as ever as corporations gouge profits out of pushing inflationBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
5 comments:
I wonder what is causing Bill to miss the expansion of the parasite class?
All capitalist firms are run by willing agents of capital. There are just more of them now to keep the workers in line and tell them what they can and can't think. It started when 'personnel' morphed into 'human resources', which bred a set of individuals who see workers as poor little donkeys to be ministered to, not peers to work alongside.
That has continued to expand and capital has willing funded these hangers-on. They add no value. Their purpose is crowd control and atomisation of the working class.
Bill is an old man stuck in the past.
Brilliant Neil that is so true.
“ And now we have an inflationary episode being strongly influenced by anti-competitive forces and economists are claiming it was because government support during the pandemic was too generous.”
So we have a supply collapse due to Covid lockdowns and then govt spends an unprecedented 985b in March 2021 and almost as much in the following months and prices go up so Bill abandons the whole MMT thesis on “inflation!” in 2 seconds for left wing political purposes…. Nice!
The thing is with these MMT people is they never look at the fiscal Accounting beyond “the deficit!” or “the debt!”…
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