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Re: To sum it up (4.00 / 10)
And I would reiterate what I wrote in response to another diarist who advanced a similar contention:

  1. The Serious People have no clue that we're about to hit a raw materials brick wall. They're still living in their Oil E. Coyote bubble.

  2. The policies being pushed at the moment have nothing to do with addressing raw materials scarcity.

  3. The way the contemporary crisis is playing out is starkly reminiscent of the 1930s - a time when there was no pressing raw materials scarcity.

So my conclusions are that:

  1. The two crises - the raw materials crisis and the feckless neoliberal brain rot crisis - simply happened to coincide.

  2. At the level of policy proposals, the solutions to the two crises have next to nothing to do with each other. The neoliberal brain rot can be solved by a thorough application of Ye Olde Keynesian Fiscal Policy. The raw materials crisis is less well charted waters (and also out of my pay grade).

  3. At the level of politics, the crises are connected, because one is caused and the other exacerbated by neoliberal brain rot. So putting the neoliberal zombie economics out of our misery is a necessary prerequisite for solving both crises.

- Jake

Friends come and go. Enemies accumulate.
by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 12th, 2011 at 03:37:45 PM EST
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Wine or beer? | 21 comments (21 topical, 0 editorial, 0 hidden)
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