The Economy

Why Keynesianism is Unable to Solve Today's Crisis

digging-a-holeThe world economy has been mired in a deep crisis since 2007. The bourgeois have tried everything to climb out of the crisis, from quantitative easing, to zero interest rates, to the socialization of banking losses, but all to no avail. Why is it that a modern-day version of Keynesianism cannot work?

 

New Year, Same Old Crisis

fallencapital latuffAs 2013 came to a close, many economists and politicians drew a collective sigh of relief: the Eurozone remains in one piece; the USA has not defaulted; and a triple-dip recession was avoided in Britain- there is even much talk of a recovery! But for the more far-sighted commentators amongst the bourgeoisie, the New Year – far from offering any light at the end of the tunnel – simply brings with it increasing uncertainty, instability, and crisis.

Musicians vs. Capitalism

streamingIn the early 90s, famed record producer Steve Albini (Nirvana, Pixies, PJ Harvey) wrote “The Problem of Music,” for Maximum Rock ‘n’ Roll magazine. He paints an outlandish, macabre, and visceral image of eager young musicians willing to swim through vats of excrement in order to get a seductive label contract—one that will inevitably turn them into pawns of capital.

 

Black Friday: A Circus of Scarcity

blackfridayIn the past two centuries, humankind has seen the development of our productive forces to a level previously undreamt of. What was once unimaginable is now commonplace. Never have we been so technologically advanced, never have we had such capability, never has there been such raw potential.

It is therefore a damning indictment of the capitalist order that our society languishes in hopeless disorder, driven to absurd contradictions by blind market forces, with no control over the great forces we have unleashed. Where there should be feasts there are famines. Where splendor is possible misery persists. Barbarism reigns on a mountain of human potential.

Musicians vs. Capitalism (Part 1)

streamingIn the early 90s, famed record producer Steve Albini (Nirvana, Pixies, PJ Harvey) wrote “The Problem of Music,” for Maximum Rock ‘n’ Roll magazine. He paints an outlandish, macabre, and visceral image of eager young musicians willing to swim through vats of excrement in order to get a seductive label contract—one that will inevitably turn them into pawns of capital.