How Banks Profited Off The Pandemic David Sirota, The Daily Poster
Protests in Lebanon and Jordan in solidarity with Jerusalem Uprising Quds News Network
Southern Command Goes to War Internationalist 360°
“Century of Humiliation”: China Hasn’t Forgotten the Opium Wars Sebastien Roblin
Air pollution: Asia’s deadliest public health crisis isn’t COVID Nikkei Asian Review
Post-Keynesianism: the principles Michael Roberts
On my blog I have spent much ink explaining where Marxist economics differs from Keynesian economics in all its strands. For me, a Marxist approach to theory and policy better explains the nature of capitalism and what are the right policies for the labour movement to adopt in its struggle against capital and for a better society for all. Indeed, I think that Keynesian economics is a diversion from achieving that, mainly because its analysis of capitalism is wrong. Moreover, its policy conclusion is that capitalism can be fixed or managed to work for all with a few clever policy adjustments.
Post-Keynesian theory, because it appears much more radical (in that it reckons capitalism cannot be easily managed to benefit all) and because many of its exponents would consider themselves socialists (even Marxists), is in these ways even more misleading as it relies on a radical view of Keynesianism, and yet Keynes was hardly the radical that PK followers think he was.
See yesterday’s news links here
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