Goodbye, Mr Keynes?
Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism. Reaktion Books, London, 2011. 126 pp.
Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism. Reaktion Books, London, 2011. 126 pp.
There's much talk of stagnation in the American economy. But radicals shouldn't assume capitalism is on its last legs.
After Southwest’s mass flight cancellations, liberal media refused to report on transportation secretary Pete Buttigieg’s failure to regulate the airlines — because media outlets now avoid journalism that could offend their audiences’ partisan loyalties.
Austerity won't bring us out of the crisis, but that doesn’t mean it isn’t rational for elites.
The rapid integration of formerly obscure, wonkish outsiders into the media spotlight elite is easy to understand. Technocratic analysis and blogging that divorces policy from politics dovetail neatly with the noble-sounding notions of objectivity long dominant in American journalism.
Even the Financial Times, the mouthpiece of international business, is suggesting the US needs an industrial policy. But we need one that empowers workers, not American corporations.
A recent uptick in consumer confidence has led many commentators to decide Americans unhappy with the economy are just delusional. But make no mistake: the signs of economic struggle are very real, and they’re everywhere.
Moral sentimentalism rules the ethical landscape. For radical change, the Left should take morality back.
The Democratic Party brain trust is floating new ideas on taxes. Their economics are questionable and their politics are worse.
Single-payer critics argue that removing people from employer-based plans would be a disaster. They're wrong.
As the policy wonk has risen in prestige, we seem to have reached the point where this entire class of commentators is highly susceptible to what I’ll call “Charlie Rose disease.”
Pundits and liberal strategists alike keep scratching their heads as to why Joe Biden’s economic approval ratings are so low. But the sweeping rollback of pandemic-era social programs is a glaringly obvious culprit.
The British establishment faces potential humiliation today at the ballot box, but millions of Scots feel empowered to build a better society.
A puzzle in the study of American politics.
A national job guarantee has opened radical horizons for the Left. We should fight for it — but the devil is in the details.
Marxism lives because we have not gone beyond the circumstances that created it.
For many employers, it will be much cheaper to pay the penalties than cover full-time workers.
A cocktail of elite arrogance and naivete across the Anglophone world, combined with the support of billionaires like Sam Bankman-Fried, produced effective altruism. The result has been reactionary, often racist intellectual defenses of inequality.
The TPP’s language is complex, but its result would be simple: more corporate power, and less democratic control.
As strange as it may sound, there are reasons to be cheerful in Greece and across Europe.