Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.
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Very good critique of Keynesianism from a left perspective.
It appears officialdom is backed into a Keynesianism corner at this point. It’s print and take on more debt or fall into a deflationary spiral, IMO. Much like the oft-cited analogy of a drug addict at the end of a binge frantically seeking more and more drugs to get the same high.
It seems like it’s almost time to go into detox. What that will look like is a good question.
