The current system of capitalism can’t even live up to its own legacy which even without social democratic sidelines was able to generate a new abundance. But now the system has gone into reverse gear as it attempts to regenerate the post-middle class…
The 2020 presidential election has spawned a strange discussion about whether capitalism is dead or dying, and about whether “socialism” is yet a worse fit for the United States.Basically more conservative politicians are trashing the Scandinavia-like desires of more liberal Democrats
Source: Here’s what capitalists don’t get about socialism – Alternet.org
Are there strategic differences between them relevant to making that choice that are accessible now? This question was raised directly in a recent article by Elizabeth Bruenig, an opinion columnist at The Washington Post. Plutocrat Jeff Bezos’ WaPo offered an establishment answer to “one of the key questions in the race: What is the difference between Sanders (I-Vt.) and Sen. Elizabeth Warren (D-Mass.)?” WaPo argued that the difference is one between Revolution and Reform/Regulation. This answer is strategically irrelevant because it pits two undefined and artificially opposed abstractions against each other in a manner designed to divide the bell curve of opinion rhetorically, according to progressive voters’ subjective reactions to variable qualitative notions of these two perspectives. At most this distinction would seem to reflect either some subjective sense of urgency or a weakness for hyperbole.
Source: Warren and Sanders: Compare and Contrast
Perhaps the key to seeing through ‘(macro)economic’ theory is our long held suggestion that the moment you try to use calculus to do economics you enter into a realm of fallacy
Source: Economics and pseudo-science – 1848+: The End(s) of History