"... if you think about the people who went to the Capitol building on January the 6th, they were morally outraged, too. You may disagree with those morals, but that was a motivator for their anger.
We got interested in this whole area and we basically settled on a story about macro-angrynomics and micro-angrynomics."
#MarkBlyth, 2022
pitchforkeconomics.com/episode…
#podcasts #CivicVentures #PitchforkEconomics #Angrynomics
Why won't trickle-down die? (with Mark Blyth) - Pitchfork Economics
While President Biden has embraced middle-out economics here in the states, the UK’s new leaders have decided to enthusiastically revive trickle-down economics.Pitchfork Economics
Strypey
in reply to Strypey • • •Listening to this 2022 back episode of Pitchfork Economics reminded me that for about 5 minutes in the UK, Liz Truss was a thing;
"Truss is a deep believer in trickle-down economics – the theory that if you cut taxes for corporations and rich people, it will spur economic growth, which will eventually trickle down into higher wages and rising living standards for the rest.
#EricBeinhocker, #NickHanauer, 2022
theguardian.com/politics/2022/…
(1/?)
Forget trickle down, what the UK needs is middle-out economics
Eric Beinhocker (The Guardian)Strypey
in reply to Strypey • • •"Jared Bernstein ... summarised the evidence against trickle-down economics in a presentation to the joint economic committee of Congress several years ago.
... if the trickle-down theory was correct, we would expect to see that, when tax rates go down, growth goes up and vice versa. But using data stretching from 1947 to 2015, Bernstein showed in no case was that true."
#EricBeinhocker, #NickHanauer, 2022
theguardian.com/politics/2022/…
(2/?)
#JaredBernstein #TrickleDown #corporatism
Forget trickle down, what the UK needs is middle-out economics
Eric Beinhocker (The Guardian)Strypey
in reply to Strypey • • •"Not only has the trickle-down effect failed in the US but it has failed in the UK and 16 other developed countries. A study by researchers at the London School of Economics showed that over the past 50 years, the impact of tax cuts on growth across all these countries is 'statistically indistinguishable from zero'."
#EricBeinhocker, #NickHanauer, 2022
theguardian.com/politics/2022/…
(3/?)
Forget trickle down, what the UK needs is middle-out economics
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yianiris
in reply to Strypey • •This is based on the assumption that neo-liberal economics/politics is a choice and governments are by elected officials who subscribe to this ideology, contrary to those who falsely promise that a social-democracy is still possible. It isn't.
The truth is that not many governments have much of a choice since they have to operate withing international banking and trade. The choice of social democracy is to isolate from borrowing from markets and be trading within those same markets, all under the control of private mega-banks. (N.Korea, Iran, Venezuela, now Russia as well, all isolated and under attack)
#NeoLiberalism is the evolution of capitalism, specifically a defense of 19th century capitalism against the transformation of the state into a social democracy, serving interests other than those of the capitalists.
Meanwhile the #zapatistas have lived OUTSIDE of capitalism for 31 years 1/1/94 -1/1/25 but organized to do so 41 years earlier
... show moreThis is based on the assumption that neo-liberal economics/politics is a choice and governments are by elected officials who subscribe to this ideology, contrary to those who falsely promise that a social-democracy is still possible. It isn't.
The truth is that not many governments have much of a choice since they have to operate withing international banking and trade. The choice of social democracy is to isolate from borrowing from markets and be trading within those same markets, all under the control of private mega-banks. (N.Korea, Iran, Venezuela, now Russia as well, all isolated and under attack)
#NeoLiberalism is the evolution of capitalism, specifically a defense of 19th century capitalism against the transformation of the state into a social democracy, serving interests other than those of the capitalists.
Meanwhile the #zapatistas have lived OUTSIDE of capitalism for 31 years 1/1/94 -1/1/25 but organized to do so 41 years earlier
We are still contemplating between vanguards and libertarian utopians, enslaved to corporations and their federation of banks.
#corporatism #fascism #communism #anarchism #EZLN #libertarian #anti-capitalist
Strypey
in reply to yianiris • • •yianiris
in reply to Strypey • •Strypey
in reply to yianiris • • •(1/2)
@yianiris
> I tried friendica, and although it works it seems it needs some development before it reaches stable functionality. Some text boxes and frames seem to go out of wack and cover up other frames
Nothing's changed there then ; ) I've tried Friendica a few times and I'm always driven off by the interface. Using it is like trying to tie my shoes with oven gloves on, and every instance I've tried is slooooowwww.
Strypey
in reply to Strypey • • •(2/2)
FYI Mastodon is pretty much the only fediverse app that enforces a character limit. There are dozens of alternatives that don't. Misskey and its variants are quite fun.
yianiris
in reply to Strypey • •For example (using librewolf) and "allowing" several of the script sources on this server when the BELL rings and I try to see the notes they are drawn behind the column of posts. I must zoom out to less than 60% where I can no longer read, click on its note then zoom in again to read the thread.