BOOMERBUSTER

BOOMERBUSTER
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Monday, February 17, 2020

SKIDELSKY ADDED TO THE LIST OF LIEO TRAITORS RATTING OUT THE POST WWii ORDER THEY CREATED

".......The most advanced western nations face critical shortages of many public goods such as infrastructure.  Millions of voters in the west now understand this and are repudiating the established politicians who have gone along with it.  Free trade and globalization are two other shibboleths of modern economic thought, and Skidelsky feels they need to be held back as well because of their disastrous economic impact in older industrial areas and their political consequences....I completely agree with Skidelsky that the hegemony of the idea of self-regulating economies has crippled political power in the West.  The problem continually gets worse, of course, because our unregulated economies channel more and more of our wealth into a very few hands, increasing both their political and economic influence.  Our generations--Skidelsky's and mine--are victims of our parents' success.  They had to focus on public goods, broadly defined, to defeat the Depression, win the Second World War, and set up the western alliance for the Cold War.  Now that those threats have faded, the government seems to lack a compelling reason to mobilize private resources.  Worst of all, deeply flawed classical theories of economics remain hegemonic because they benefit the wealthy--whose largesse universities now need more than ever." DK


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