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Tag: Keynesianism
Biden Stoops to Conquer Brazil’s Lula
The tragicomic “insurrection” in Brasilia on Sunday was destined to meet a sudden death. The universal condemnation and, in particular, the brusqueness with which the Biden Administration distanced itself from the protestors, sealed their fate. Certainly, this revolt is no “civil war,” although it is difficult to make predictions about new protests in the country.
Biden Stoops to Conquer Brazil’s Lula
Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
The CEO and president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate business “if it comes with a level of unemployment that puts employers back in the driver seat and allows them to get all their employees back into the office.” The executive, Jordan Kaplan, then repeated that “the thought would be that unemployment would be up. And therefore, employers would be in the driver seat to bring people back in the office, which is where they want them.”
Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
West’s neoliberal ‘age of abundance’ is over, as war and sanctions boomerang home
Aug 27, 2022 — France’s President Emmanuel Macron, a former banker, warned “we are living the end of what could have seemed an era of abundance.” Western wars and sanctions are boomeranging back at home. The neoliberal phase of capitalism is collapsing.
Neoliberalism has lost the key pillars it was built on: cheap energy and raw materials from Russia, cheap labor and consumer goods from China, an unsustainable bubble of household debt, low to zero interest rates, and Washington’s ability to organize regime-change operations in any country where a government tried a socialistic or state-led economic model.
West’s neoliberal ‘age of abundance’ is over, as war and sanctions boomerang home via Multipolarista
The Left’s Covid Failure
Mainly, though, this has been a historic failure from the Left, which will have disastrous consequences. Any form of popular dissent is likely to be hegemonized once again by the (extreme) Right, poleaxing any chance the Left has of winning round the voters it needs to overturn Right-wing hegemony. Meanwhile, the Left holds on to a technocracy of experts severely undermined by what is proving to be a catastrophic handling of the pandemic in terms of social progressivism. As any kind of viable electable Left fades into the past, the discussion and dissent at the heart of any true democratic process is likely to fade with it.
The Left’s Covid Failure
Ms. Cat’s Chronicles 