I would like to see more awareness of the cyclical nature of neoliberalism. This is the third period of the misguided attempt to “return to the market and getting rid of the state by flat tax rates and letting the market rip”.See the post “Karl Polanyi and Ordoliberalism” (30 Sept 2013) and “Karl Polanyi and his successors” (4 Sept 2013).
In a three-parter today, tomorrow and Monday, The Slog examines how we got to here, and how to get out of here
The one topic no politician, banker, Hedge Fund or multinational CEO will talk about at the moment is where all the money resides. The answer of course is “all over the place somewhere else” for most of us: but what the self-styled élite won’t do is join in a simple debate about who’s got the vast majority of it, where most of that vast majority sits, and then what role the owners of that money have played in creating the current surreal economic mess.
The point of having that discussion is not so lots of hairy Marxists can start shouting “Property is theft!” and “The boss class has the workers in chains!”. I’m not talking redistribution here: I mean, who should pay the most money from here onwards…
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