Monday, March 21, 2022

WORTH READING

Stephen Darling sent me this link.  I found it extremely helpful and instructive. Well worth looking at. Thank you, Stephen.

3 comments:

  1. A question form a B+ Student (me),

    PRW, you note in your profile that "in politics I am an anarchist, in religion I am an atheist, and in economics I am a Marxist". I am curious about how being an anarchist and a Marxist sit well together. I do not mean as in a philosophical and academic realm. I mean in how they would look like in a real world setting. Can one take the economics of Marxism and leave out its politics? It is said that politics is about action/inaction geared towards shaping the future. In that sense how could a Marxist (with all that entails in terms of class struggles) be also an anarchist at the same time? Or do they come in sequence? Does the 'being an anarchist' come after the revolution had been fought, and a new society formed? What would an anarchist do during the actual class struggle and the revolution that may take years or decades? Please forgive my naivete. But I am really curios about how the two go hand in had in a real world context. Thank you.

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  2. Achim Kriechel (A.K.)March 21, 2022 at 11:46 AM

    Just a small side note to the very interesting article by Bill Mitchell on the subject of market power.

    As some people have probably noticed, the Russian attack on Ukraine has especially surprised Germany in hibernation. I am not prone to exaggeration, but the extent of the dependence of Europe's largest economy on Russian raw materials was unimaginable to me 4 weeks ago.

    Now we have to admit that the national gas reserves in Germany are owned and controlled by the Russian corporation Gazprom. The "surprise" now is that these reservoirs are all empty because Gazprom has been legally selling the reserves on the free market since summer 2021.

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  3. Professor Wolff --

    Thank you for posting this link -- very interesting. I really like the MMT critique, quite helpful on several levels.

    -- Jim

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