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Simon Wren-Lewis The rational case for imposing yet more austerity on the UK has all but disappeared. Economists are almost united in saying that now is th 
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Scoop.it!
Bernie Sanders is the creation of the New Left on the East Coast who fully extols all the attainments of the New Deal but who goes further in that he also wants to empower women, minorities, and other disempowered not only by matter of policy but...
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For two years, financial markets have repeated the same error – predicting that US interest rates will rise within about six months, only to see the horizon recede. This serial misjudgment is the result not of unforeseeable events, but of a failure to grasp the strength and global nature of the deflationary forces now shaping …
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The economic crisis battering the EU and the EU’s response to it have posed a major challenge to the European social model. Not only have trade unions been highly critical of what the EU has done, but so has Commission President Jean-Claude Juncker. In his first speech to the European Parliament he said: The measures …
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Steve Keen on Mathematics in Economics http://t.co/Y8QxanKKEU #mmt
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All eyes on the Left are upon Greece. Not because of a general interest in the contradictions of capitalism in the midst of this particular crisis but because of Syriza. Unfortunately, what we are observing is not unique to Syriza. The story has been told before, and the story inevitably will occur again if we do not learn from it.
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All eyes on the Left are upon Greece. Not because of a general interest in the contradictions of capitalism in the midst of this particular crisis but because of Syriza. Unfortunately, what we are ...
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Social Democrats consider themselves to be the party of social and technological progress. The political left must therefore address digitisation as a policy issue.
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Within minutes of Labour's election defeat its MPs were denouncing Miliband for failing to 'embrace aspiration' and alienating 'wealth creators', writes Ben Whitham.
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David Harvey on Karl Marx, Occupy Movement, Class Struggle - Democracy Now! David Harvey on Karl Marx, Occupy Movement, Class Struggle - Democracy ...
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The rise and then fall of social democracy as a movement for fundamental social change is a modern tragedy of Shakespearean proportions. It is one of the epic stories of the 19th and 20th centuries.
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Turns out LK does have a sense of humour http://t.co/xxx08T8gQ5 I'm mildly disappointed,
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Achille Loria and Alexander Gray on Marx’s Labour Theory of Value http://t.co/kPHcu0jJ1o #mmt
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Philip Pilkington on the Labour Theory of Value http://t.co/ck4u4l3i1G #mmt
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www.therealsingapore.com | An online community that provides media coverage without censorship.
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This blog compiles some of the best monetary history bibliographies on the net, + excerpts and commentary. http://t.co/IcgM4SEHQW
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“What initially concerns producers in practice when they make an exchange is how much of some other product they get for their own; in what proportions can the products be exchanged? As soon as these proportions have attained a certain customary stability, they appear to result from the nature of the products, so that, for instance, one ton of iron and two ounces of gold appear to be equal in value, in the same way as a pound of gold and a pound of iron are equal in weight, despite their different physical and chemical properties. The value character of the products of labour becomes firmly established only when they act as magnitudes of value. These magnitudes vary continually, independently of the will, foreknowledge and actions of the exchangers.
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In the six years since the 2008 global financial crisis, progressive politics has been struggling to find a new identity. In an over-reaction against the third way experience, it “threw out the baby with the bathwater”: instead of analysing carefully what Tony Blair, Bill Clinton, Wim Kok, Gerhard Schröder and others got wrong, it yearned for a lost era of egalitarian basics without clearly working out what that meant and what its electoral implications would be. It saw the massive failure of markets as an opportunity to bring back the state when in fact rising public debt led to a crisis of the state, which in the public mind loomed larger than the crisis of the market. It struggled to formulate a publicly compelling alternative to austerity. In most countries, it has had to contend with the rise of anti-establishment populism, sometimes of the left, but mostly of the radical right.
Mlik Sahib's curator insight,
April 24, 2014 12:18 AM
"Many of these measures will need to be implemented through effective European institutions which ensure not only recovery and resilience after the financial crisis, but long-term growth, improvements in social well-being, and ecological sustainability. This will not happen by side-lining the EU in the untenable pursuit of a strategy of ‘predistribution in one country’: there has to be co-ordinated international action and cross-national benchmarking led by a strong European Union among a diversity of nation-states. The onus is on a new generation of centre-left leaders to translate these concepts into operational principles and policies and bend the arc of EU policymaking away from the ‘engine of neo- liberalism’ critique. ...No return to ‘defensive’ social democracy"
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"What is the character of a party of 21st century socialism?" Answering this question presents a special challenge, even before engaging its substance, to navigate the special vocabulary of 20th century socialist and communist dialog. It is a vocabulary substantially imported from political upheavals across the world that bear an uneven and often contradictory relation to the US, especially in the post World War II era.
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Felix Butzlaff of Göttingen University looks at the experiences of the German SPD membership ballot and draws political conclusions.
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Shayn McCallum analyses the situation of social-democracy and shows how the struggle for a Good Society shows a viable future path.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
Other Topics
Anders en beter
Met P2P voorbij markt en staat: voor een progressieve coalitie rond de commons. Met nieuws over op p2p gebaseerde praktijken en hoe de overheid, de politiek en de zakenwereld ermee (kunnen) omgaan...
money money money
on money and what it is
music-all
From the Great White Way to the West-End and beyond
Peer2Politics
on peer-to-peer dynamics in politics, the economy and organizations
real utopias
Not TINA (There Is No Alternative) but TAPAS: THERE ARE PLENTY OF ALTERNATIVES
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