The Abiding Economics of John Kenneth Galbraith (tags)
From The Great Crash, we have of course the conviction that financial panics affect real activity. No one in the 19th century or with experience of agriculture ever seriously doubted that the economy runs on credit or that real activity depends on banks. Only in the higher reaches of academic life could such a thing be denied.
On the Death of John Kenneth Galbraith (tags)
The great economist John Kenneth Galbrath was shocked at the public squalor alongside private affluence. He devised the horse-sparrow theory, horses must be fed so the sparrows can live. A healthy economy means shrinking the financial sector and expanding the public sector.
The Zumbis of the consumption attack again.
IRON MAN 2 AND THE VICTORY OF THE TRUE CAPITALISM (tags)
It is not enough to see is necessary to understand.
Sep 2nd, 2009 9:09 PM Despite the sweeping Democratic victories in the elections of 2006 and 2008, the Republican party in general and the radical Right in particular have reasserted themselves with a vengeance, especially regarding the health insurance reform proposals of the Obama administration and Congress. They’ve been able to tap into the same reflexive anti-government sentiment that has powered American politics at least since Ronald Reagan’s election (and arguably earlier) to block the reform proposals and set the stage for a Republican return to power that will render Obama as irrelevant historically as Carter and Clinton -- and without a mass progressive movement to push Obama and the Democrats back to the Left, the Right will succeed and triumph.
Arnaud de Borchgrave on McClellan, Neocons & Clean Break (tags)
Arnaud de Borchgrave on McClellan, Neocons & Clean Break