This byline is reminiscent of "Krugman discovers MMT" that could have been floating around a year and a half ago. In the end, he is just a tease.
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This byline is reminiscent of "Krugman discovers MMT" that could have been floating around a year and a half ago. In the end, he is just a tease.
I'll explain it briefly: electoral machines don't organize things like Alternative Culture, mass spoilage campaigns, mass civil disobedience, etc. They just focus on getting votes and are at the whims of the legislative caucus.
"A new centrist project does not have to repeat these mistakes. Nobody in this topic is advocating a carbon copy of the Second International (which again was only partly centrist)." (Tjis, class-struggle anarchist)
"A centrist strategy is based on patience, and building a movement or party or party-movement through deploying various instruments, which I think should include: workplace organising, housing struggles [...] and social services [...] and a range of other activities such as sports and culture. These are recruitment and retention tools that allow for a platform for political education." (Tim Cornelis, left-communist)
Here, the proponents of MMT complain of what they describe as Krugman's plagiary behaviour.
I think at least this we are going to be spared. I mean, it would be hard for Krugman to invent Labour Theory of Value, wouldn't it?
Luís Henrique
On the 150th anniversary of the Communist Manifesto in 1998 it was this same dipshit who wrote that Marx was a "discredited prophet" who couldn't offer "either a comprehensible explanation of why such upheavals happen or any suggestions about what to do about them (except abolish capitalism)."
"By my reckoning, Karl Marx made about as much of a contribution to economics as Zeppo Marx made to comedy... it was Keynes, not Marx, who cracked the code of crisis economics and explained how recessions and depressions can happen. As Japan and the rest of Asia have gone into an economic tailspin, it is Keynesianism, not Marxism, that offers useful guidance about how they might save themselves."
http://money.cnn.com/magazines/fortu...7057/index.htm
FKA Red Godfather
Yes, which in turn makes his recent "discovery" of Marx more significant. Other Keynesians (as well as most neoliberals) read Keynes into Marx, so aren't "uncomfortable" about old Karl. Krugman seems to notice a difference. I am not overly optimistic that such noticing is remarkably acute, or that it will last, especially if some kind of apparent recovery is going on. But it is better than the usual pretences that Marx doesn't exist, has been refuted, is no different from Keynes, etc.
(Anyway, he was not wrong about this: it is Keynesianism, not Marxism, that offers useful guidance about how they might save themselves. Indeed, Keynesianism might offer some guidance, useful, or - more likely - useless, on how capitalist polities can save themselves. Marxism is not actually interested in saving them at all.)
Luís Henrique
Last edited by Luís Henrique; 15th December 2012 at 13:45.
Kudos to the Red Godfather and Luis Henrique for their sharp observations about Krugman's shortcomings. Seems like Pauly ought to be eating his words, but no doubt his ego will prevent any such occurrence.
