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Policy news & blueprints for the transition to a new Sustainable and Social Economy
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Neoliberalism – the ideology at the root of all our problems

Neoliberalism – the ideology at the root of all our problems | The Great Transition | Scoop.it
Every invocation of Lord Keynes is an admission of failure. To propose Keynesian solutions to the crises of the 21st century is to ignore three obvious problems. It is hard to mobilise people around old ideas; the flaws exposed in the 70s have not gone away; and, most importantly, they have nothing to say about our gravest predicament: the environmental crisis. Keynesianism works by stimulating consumer demand to promote economic growth. Consumer demand and economic growth are the motors of environmental destruction.
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Brilliant must-read analysis of neo-liberalism and why the left's neo-Keynesianism is not the answer
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Waiting in Vain for the Quick Fix

Waiting in Vain for the Quick Fix | The Great Transition | Scoop.it
The economic problems in the U.S. and Eurozone are mostly structural, not monetary. Unfortunately ideologues and politicians on both sides of the spectrum are interested in quick fixes rather than the real groundwork of economic progress.

 

Very good analysis by Jeffrey Sachs of the global economic crisis and why austerity policies and a return to classical Keynesianism will not work.

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Infrastructure for the sake of jobs?

Infrastructure for the sake of jobs? | The Great Transition | Scoop.it

"Jobs and economic growth are the results of productive systems, not the other way around. Until we reconfigure our towns and change our growth patterns, our communities are likely to continue to be starved for jobs and growth. Building pieces of infrastructure with the primary purpose of creating jobs with little consideration to context is a recipe for disaster."

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Forget the ‘golden age’ of capitalism: there’s no return, and our future can be better

"To propose any concrete alternative economic model at this juncture would smack of hubris. Right now no-one has the answers and that is precisely what characterizes a crisis. But one thing is certain: by embracing the underconsumptionist critique and the Keynesian solutions of those such as Skidelsky, Baran and Krugman, we will not only be failing to think outside the box, we will be reaching for a branch that simply isn’t there anymore."

 

This absolutely must-read analysis in Open Democracy explains why neither Keynes nor neo-liberal austerity will lead us to the end of the tunnel.

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Mikel Arbeloa's comment, March 6, 2012 4:50 PM
Thanks.
I´ll rescoop it.