Always pay attention to what he tells his true base (the donor class). This shows his true intentions - just like when he promised massive pro-rich tax cuts and asked for a bribe from fossil fuel companies.

The key word here is “design.” These were all great economists who knew that the undirected market couldn’t solve big problems.

Britain in the 1940s:

- John Maynard Keynes was designing the international monetary system.

- Willam Beveridge was designing the cradle to grave welfare state.

- James Meade was designing plans for full employment.

Economists need to get their ambition back!

I’ve run out of bookshelf space! What’s the proper response to this? Get rid of older books? Just pile up the new ones?

My mountain of unread books is getting ridiculous!

The big issue between the US and China today is global imbalances - China runs big surpluses that have their counterpart in big American deficits.

American politicians respond to this by proposing tariffs.

But back in the 1940s, Keynes had a better idea. He proposed a new

It’s hilarious how they view this pampered pudgy coward!

How do you de-financialize the economy?

- Ban stock buybacks.
- Introduce a financial transactions tax.
- Bring back capital controls on both inflows and outflows.

This was fabulous. It details the radical moment in the sun the CIO had in the 1930s, despite huge opposition from capital and even more established unions. But Taft-Hartley dealt a deadly blow to union organizing.

Yeah.

“The West’s decision to pursue neoliberal economic policies was a strategic mistake, which led to the de-industrialisation of their economies and provided China with an opportunity,”

nytimes.com/2024/05/27/bus…

We’ve gone through deindustrialization; now it’s time for definancialization.

In 1982 Reagan called Begin and ordered him to stop after he saw a picture of a child whose arms had been blown off. Called it a Holocaust. Begin obeyed. Now we have all seen the picture of a child whose head had been blown off.

5/10
A rather obvious answer might be that if business investment is constrained by scarce savings, more inequality might indeed lead to more productive investment. If, however, business investment is constrained by scarce demand, more inequality would lead to less investment.

Yes, Damian Thompson is a rapid and hysterical pope hater. That anyone would include him as a serious source is mind-boggling.

Yes. The German unemployment rate exceeded 30 percent and it had a wholly inadequate unemployment insurance scheme.

I like Starmer.

It’s interesting. Socialism used be to largely defined as the collective ownership of the means of production. This was the version strongly condemned by Catholic social teaching.

But today, socialists are more likely to emphasize workplace democracy - workers sharing in the

Agreed. This is a defining issue.

I never really felt the class issue in my PhD program, probably because it was so international. But I felt it keenly as a working class kid in my undergraduate program.