The crisis of neoliberalism Pt.2

Duménil: Neoliberal trends setting up a terrible future of inequality and exploitation for the workers. Watch Pt.1 of this story at http://www.youtube.com/watch?v=CTX5LfKef8M

Category:

News & Politics

Tags:

• Gerard Dummenil
• PERI
• neoliberalism
• US economy
• Latin America
• Workers union
• US politics
• US financial market
• Banks
• Monitort reg

[Alberto2382]

I'm glad professor Dumenil is advocating for a new system that will replace neo liberalism. Unfortunately the majority of liberals still operate under the framework of neo liberalism and think that the other altneratives such as socialism or anarchism are too "utopian". I happen to think that socialist and anarchist are the realist when it comes to analyzing the problems with capitalism. Whereas, the true utopians are the people who believe that true change can come about in this system.

[Fiannafailure]

In Ireland the people are being forced to pump 30 billion euros into a single zombie bank , the total cost of the bailouts for banks could top 70 billion euros , all the while schools hospitals and every other public service are being cut , just to keep the rich from the breadline !

Neoliberalism is a form of TERRORISM

[unorthodoxtrotsky]

"Don't forget donate button up here or down there. Because we don't have neoliberal model and we can't survive without your donation." LOL!!!!!!

[freedomthrough]

@DonVoghano Yeah... It's sad. And yet the elites keep pursuing policies that will inevitably lead to the same outcome. The exception was in the post-WW2 economy.

[DonVoghano]

@freedomthrough Those countries are already on the brink of revolt, and it might take the whole EU down if it happens. In times like these what usually happens is that the people of a state revolt and the elites in other states get scared, somehow remember that they can't just brush the masses off as a nuisance and start making concessions again. To get there it usually takes a major economic break-down and war. Sadly this is what we should be expecting atm.

[freedomthrough]

@DonVoghano Agreed. Unless the social democractic parties find their way back to "change", we might as well throw them out tbh. They're pointless like they are today. I can't believe what's happening in Greece, Portugal and Spain, for example. Why aren't they doing anything?

[DonVoghano]

@freedomthrough Well when the second "dip" of the recession comes they either have to pick up their social-democracy handbooks or start looking at shiny new models of guillotine...

[freedomthrough]

@DonVoghano Okay mate :). Yeah, i agree to that. The whole reason that socialism exists is that powerful people were continuously robbing powerless peons. That said, i agree many parties calling themselves socialist have done horrendous things to powerless peons in the past and to some extent also in the present. The problem is that the current system works very well. Not economically, not socially, but to keep power in the hands of a few. They don't like it when people challenge that.

[DonVoghano]

@freedomthrough It was sort of satirical, actually. I understand that a bailout is not socialistic, it's simply powerful people robbing powerless peons, which is what our system has been getting to be for the past 40 years. I'm not fond of -isms, I'm fond of history and stuff that works.

[freedomthrough]

@DonVoghano No, that's your picture of socialism, not socialism itself. I had that picture too, until i was assigned some socialist literature in school. I learned then, that socialism, like every other human-loving ideology, want to promote equality. A bail out isn't socialist, unless the state also takes over the company, in which case it might be called fabian-socialist.

[FRSFreeStateES]

What the Far Left likes to call "Neoliberalism" is actually centrism. Liberalism is about freedom and equality for all. That everyone should have a shot at being successful in life. Its not Democratic Socialism what the Far Left believes in.

[Silkspine]

@blackiron60 exactamundo! Although what you call "socialism" I call "regulated capitalism with economic democracy". In any case, I think we may be talking about the same animal :) now just to make it happen :(