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seems like we are all reading 'keynesianism for dummies' (or how i learned to love contracyclic economics and full employment) in daily installments here.

watching italians mourning the deaths from bad weather in sardegna (some avoidable if rescue efforts had been better funded, not to mention flood prevention schemes made with shoddy cement or stalled in piles of bureaucracy), while contemplating the latest edicts from the troika, or the price of new  -apparently indispensable- f-35 jets, it seems like some are slowly getting it that it doesn't have to be this way.

and it always comes back to what keynes pointed out quite clearly to non-dummies so long ago.

so keynesianism needs to be spelled out in no uncertain terms as the true understanding of how economies work.

'renter euthanasia' needs to become as common a parlance as 'power to the people' or 'workers of the world unite'. right now keynes' prose, elegant, succinct and logical as it is, flies right over most folks' heads... whooooosh!

yet is keynesianism really above the intellectual range of a 12 year old, if rendered in such a way as would be the most pedagogically advanced? we have surely come a long way since then at simplifying matters once deemed too arcane for public consumption, like relativity, quantum theory and mechanics etc.

doubtless there are scads of funny, creative vids on utoob, maybe that's the way forward as more kids watch them than read... economics is veiled in mystification, but even the most counter-intuitive parts of keynes' reasoning is utterly coherent with history so really shouldn't be rocket science, it seems after perusing all the motley ruminations on ET since the net was knee-high.

ET's brainz trust could definitely write it, a good cartoonist would help a lot too.

then we could all help it go viral, sharing until our mice beg for mercy.


'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Wed Nov 20th, 2013 at 05:47:06 PM EST
[ Parent ]
renter euthanasia

That sounds like something the 1% may have in mind. Keynes talked about  euthanasia of the rentier. He expected it to happen naturally, but he was wrong.

by gk (gk (gk quattro due due sette @gmail.com)) on Thu Nov 21st, 2013 at 03:27:12 AM EST
[ Parent ]
oops... the power of one letter to reverse meaning!

i-rent?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Thu Nov 21st, 2013 at 06:44:17 AM EST
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The main problem for Keynes appears to be a political practicality, after all. Are there books on how to upset the 1%? Or relaxing them without upsetting?
by das monde on Sat Nov 23rd, 2013 at 12:53:00 AM EST
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Gene Sharp's From Dictatorship to Democracy is by far the best I have found. It is an how-to, not an academic study (though based on Sharp's studies), and is as far as I cna see as applicable to economic dictatorship as to political dictatorship.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Sat Nov 23rd, 2013 at 03:33:35 AM EST
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