Wednesday, June 10, 2015

Keynesianism will not save the world

Click here to access article by Pete Dolack from Systemic Disorder. 
Nostalgia for the supposed “golden age” of mid-20th century capitalism carries with it an assumption that we can simply go back to a Keynesian world. Yet this is not a matter of simply of switching horses for nobody decreed that will be [we] shall now have neoliberalism and nobody can decree we shall now have Keynesianism.

There are structural reasons for the neoliberal assault. It is the logical development of capitalism....