- 29 Aug 2018 15:25
#14943192
link --- http://bilbo.economicoutlook.net/blog/?p=40209
Bill (William) Mitchell is an Australian economics prof. who is an MMTer.
This is from his daily blog. Very recent. It is rather long.
It refers to Australian, American, and British politics in particular.
Bill wrote, "Conclusion
The neoliberal wedge that has compromised the Left side of politics is now clearly splintering the conservative polity in a way that is possibly terminal.
After all, it is their economic model. The adoption of neoliberal economics by social democratic parties is not part of their DNA. It is largely because their ranks have been infested by careerists who have come from the ‘elites’ and have little resonance with workers.
The gaps in the policy space that these fractures have created is being occupied by extremist groups. It will be much easier for progressive parties to reclaim that space than it will be for the conservatives who are in the process of a death spiral.
But to do that, the social democratic movements has to abandon every vestige of neoliberal economics – the concepts, policies and language and framing.
That is the challenge.
That is enough for today!"
Bill (William) Mitchell is an Australian economics prof. who is an MMTer.
This is from his daily blog. Very recent. It is rather long.
It refers to Australian, American, and British politics in particular.
Bill wrote, "Conclusion
The neoliberal wedge that has compromised the Left side of politics is now clearly splintering the conservative polity in a way that is possibly terminal.
After all, it is their economic model. The adoption of neoliberal economics by social democratic parties is not part of their DNA. It is largely because their ranks have been infested by careerists who have come from the ‘elites’ and have little resonance with workers.
The gaps in the policy space that these fractures have created is being occupied by extremist groups. It will be much easier for progressive parties to reclaim that space than it will be for the conservatives who are in the process of a death spiral.
But to do that, the social democratic movements has to abandon every vestige of neoliberal economics – the concepts, policies and language and framing.
That is the challenge.
That is enough for today!"
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