neoliberalism

By Carlos García Hernández Originally published in Spanish on 1/7/23.       Definition of a State: a territory with fixed borders under a central authority with the capacity to …

The post A practical exercise for the reconstruction of the Left appeared first on The Gower Initiative for Modern Money Studies.

MMT strips way the veil of neo-liberal ideology that mainstream macroeconomists use to restrict government spending. We learn that these constraints are purely voluntary and have no intrinsic status. This …

The post While opposing political parties play the fiscal credibility game, people get hurt. appeared first on The Gower Initiative for Modern Money Studies.

by Ben Clift* Political economy has long taken a keen interest in the politics of economic ideas, but considerably less attention has been paid to the politics of economic method. Method gets neglected as the technical realm within which, it is assumed economic ideas, once established, are implemented in straightforward fashion. In fact, economic method […]

Milton Friedman – one of the scholastic protagonists and machinists of Neoliberalism – wrote in the preface to the 1982 edition of Capitalism and Freedom, tutoring his disciples: “There is enormous inertia — a tyranny of the status quo — in private and especially governmental arrangements. Only a crisis — actual or perceived — produces […]

By Paul Street / CounterPunch The Capitalist Democrats… The Democratic Party is a militantly capitalist entity and always has been – and not just in the neoliberal era. The much beloved New Deal Democratic president Franklin Roosevelt, himself a wealthy member of the capitalist establishment, boasted that he had saved the US American profits system by overseeing […]

The post Why the Republi-Fascists Can’t Stop Calling the Capitalist Democrats ‘Marxists’ appeared first on scheerpost.com.

by Oleksandr Svitych* We are living in the times of the populist nationalist challenge to the liberal order. This challenge comes in many forms, including reactionary and progressive ones – from Marine Le Pen’s Front National in France to Jobbik in Hungary, to Manuel López Obrador’s MORENA in Mexico and Pauline Hanson’s One Nation in […]

Knowing can be a curse on a person’s life. I’d traded in a pack of lies for a pack of truth, and I didn’t know which one was heavier. Which …

The post Keynes’ wisdom still stands; “Anything we can actually do we can afford.” appeared first on The Gower Initiative for Modern Money Studies.

“When people live in a fair, caring society, where everyone has equal access to social goods, they don’t have to spend their time worrying about how to cover their basic …

The post Collapsing services and neglected people in a disintegrating society that could be thriving appeared first on The Gower Initiative for Modern Money Studies.

JP Morgan plans to raise private capital for a Ukrainian investment fund.

The post Zelensky Signs Agreement With JP Morgan on Ukraine’s Reconstruction appeared first on scheerpost.com.