The Real Movement

Communism is free time and nothing else!

Tag: Ronald Reagan

Keynes and the myth of the Reagan administration’s neoliberalism

Robert Skildelsky, biographer of John Keynes, has written an essay written an essay on the 80 year legacy of the General Theory in which he credits Keynes with inventing macroeconomic policy and for showing how government could employ means at its disposal to offset economic depressions.

For all the genius of Keynes’ General Theory, its importance has not always been acknowledged by mainstream economics. By the 1980s, according to Skidelsky, most of mainstream economics came to reject many of the ideas first proposed by Keynes, particularly his argument capitalist economies were inherently prone to chronic underutilization of both capital and labor.

Read the rest of this entry »

Jacobin Magazine Shocker: Even if SYRIZA wins, the Left will probably lose

jacobin_logoPeter Bratsis over at Jacobin is trying to manage down your expectations regarding the probable impact of a now likely SYRIZA win:

“Regrettably, the political conjuncture in Greece and beyond does not present us with an urgent task of deciding which path to socialism is the best. All political parties (Syriza, KKE, Antarsya, included) are, quite the opposite, largely debating which path is best for restoring jobs, wages, health care, education, and the like. No one is advocating a radical break with the past and the creation of a new society.

The desire on the streets, in the meeting halls, and in the voting booths is not the desire for the new and more excellent, it is a desire for security, predictability, and jobs.”

According to Bratsis then, the revolutionary impulse of socialist parties is being blunted by the conservative attitudes of the working class? (I think I have that right.)

Read the rest of this entry »