I am an economics illiterate…

15 Oct

There, I confess. Never take seriously anything I say about economics. However, I am amused (is that the right word?) to see that J M Keynes appears to be coming back into fashion, and that the US right wing phobia about “socialism” and our love affair, all of us in the West, with “The Market” — that is being rather against governments doing anything at all much — are being seen at last as the foolish pipe-dreams they have always been.

But don’t take me seriously. I’m just a centre-leftish liberal Aussie dinosaur…

Meanwhile, I promise not to spend Kevin Rudd’s Christmas bonus foolishly, even if that may be defeating its purpose. It will just about cover the December bills…


One response to “I am an economics illiterate…

  1. Benjamin Solah

    October 15, 2008 at 10:00 am

    Love how all these free market ideologues are now screaming state intervention when they screw up. Shows it’s all rhetoric and that in the end, they’ll do whatever is profitable.

    Don’t worry too much about not understanding the economy. I think they like to keep it that way. Make us think we don’t know shit, and leave it to the experts. It’s a way of them stifling dissent when it’s clear they don’t even know how it works.

    Of course, I’d recommend the stuff at the Socialist Worker for what’s going on and what needs to be done –

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