A pair for today:
The New Economics Foundation challenges one of the most fundamental tenets of conventional economics today – that the price of something can be equated to its worth.
And if we are not to price things by the worth that people put on them, what then?
I think neo-liberal economics is a lie. It does not seek to maximise well being. It seeks to shift resources from many to a few.
Gosh, so that\’s why we neo-liberals argue for lower taxation on the poor, for globalisation so that the global poor might grow rich, against tariffs which are a subsidy to domestic capitalists and why we continually argue that as everyone has a different definition of their own wellbeing that everyone should (excepting those things which must be provided both collectively and with the monopoly of coercion of the State) disperse of their own resources as they wish so as to maximise their wellbeing as they see it.
I\’d never realised that what we were actually arguing for was to shift resources from the many to a few.
I think much right wing and libertarian philosophy is a lie seeking subjugation for a majority.
\”Let it all hang out\”, \”Do as you would be done by\”, \”Navigate your own path from cradle to perdition, as you see fit\”. Yes, I can see the intent to subjugate in those.
I think many say we can live without limits now, and that is a lie: we live in a finite world.
Given that the first principle of neo-liberal economics is that resources are scarce this is pretty difficult to combine with lie 1) really.
I, for some reason, seem to be made of grit.
He thinks he\’s John Wayne now?
Fascinating to see someone arguing for more State control, higher taxes and the ever expanding reach of the bureaucracy thinking he\’s swimming against the tide as well…..