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Discussion in 'Political Opinions & Beliefs' started by Doug1943, Apr 8, 2020.

  1. Doug1943

    Doug1943 Well-Known Member Past Donor

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    No, seriously.

    Fellow political obsessives will appreciate knowing that <i>The Economist </i>or much of it, is available free online (it used to be behind a paywall) while the pandemic lasts.

    Sign up here:https://my.economist.com/user#newsletter

    I'm sure 99% of the people reading this will know what The Economist is -- a weekly center-right British magazine whose scope is the world, written by some of the best minds on the planet. If you were restricted to reading only one source of news, this would be the one to choose.

    Too globalist and socially-liberal and perhaps even welfare-economics-liberal for most American conservatives, perhaps too pro-market and honest about the Third World for most American progressives .... but hey, guys, you can handle it! Lots of useful information in it, very fact-checked, indispensible in my opinion.

    More about it here: https://en.wikipedia.org/wiki/The_Economist

    And ... go and do thou likewise, if you know of publications which were behind a pay wall, now giving free access for a while.
     
    Last edited: Apr 8, 2020
  2. Kode

    Kode Well-Known Member

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    You seem to have a rather contemptuous opinion of us Yankees.

    BTW. HTML doesn't work on this forum.
     
    Last edited: Apr 8, 2020
  3. Doug1943

    Doug1943 Well-Known Member Past Donor

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    Kode, I actually hate you Yankees, being a Southerner who happens to live in Britain.
    We all used to sing a song with the lines, "I am a good ole Rebel, that is what I am/ And for your Constitution, I do not give a damn."

    No, just kidding. While I'm a son of the South, I always agreed with Karl Marx on the issue: https://isreview.org/issue/80/karl-marx-and-american-civil-war

    I wish you flag-burners would pay more attention to Karl, who wrote "From the commencement of the titanic American strife the workingmen of Europe felt instinctively that the star-spangled banner carried the destiny of their class. The contest for the territories which opened the dire epopee, was it not to decide whether the virgin soil of immense tracts should be wedded to the labor of the emigrant or prostituted by the tramp of the slave driver?" [ https://www.marxists.org/archive/marx/iwma/documents/1864/lincoln-letter.htm ]

    Whoa! Not only praising the Star-Spangled Banner, but supporting the robbing of Native Americans of their land! That man wouldn't last a day on our elite campuses now! (But what's a "dire epopee"?)

    On HTML not working on this forum... do you mean people cannot click on that link and sign up for free access?
     
  4. a better world

    a better world Well-Known Member

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    From the Wiki article:

    Scottish economist James Wilson founded the newspaper to "take part in a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress."

    This philosophy is certainly NOT being currently followed by 'The Economist' which is still mired in its obsolete orthodox mainstream neoliberalism.

    Note: more and more economists are screaming "how will governments around the globe fund their covid-19 rescue packages".

    Answer: the MMT (Modern Monetary Theory) era has arrived; central bankers take note.

    http://www.politicalforum.com/index.php?threads/mmt-overcoming-the-political-divide.569365/

    “We need the state to bail out the entire nation”


    "Major developments across the globe in monetary and fiscal policy keep happening on a daily basis at present. We are now hearing conservatives, who previously made careers out of claims that government deficits would send nations broke and more, appearing in the media now claiming “We need the state to bail out the entire nation”. Not too many economists are pushing the line that the market will deal with this crisis. They all the want the state to be front and centre as their own personal empires (income etc) becomes vulnerable. In a normal downturn there is not much sympathy for the most disadvantaged workers who bear the brunt of the unemployment. Now it is different. This crisis has the potential to wipe out the middle classes and the professional classes. And suddenly, who would have thought – the nation state is apparently back, all powerful and being begged to intervene. It is wake up time. Now no-one can be unclear about the fiscal capacity of the state. They now know that politicians who claim they don’t have enough money to do things were lying all along.
     
    Last edited: Apr 8, 2020
  5. Doug1943

    Doug1943 Well-Known Member Past Donor

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    Okay, this could be an interesting debate. Why not start a thread on MMT, which has its critics on the Left as well as on the Right.
    For sure, the necessary large-scale intervention by the state into the economy is going to change everything ... of course the Left will say, "See? It works ... let's have more!" and the Right will demure. I'm personally a modest Keynsian myself, but I would hate to see the US turn into another Argentina. But this needs to be discussed in detail in a separate thread.

    In any case reading articles from The Economist will help make you a better debater, whatever side you take.
     
  6. a better world

    a better world Well-Known Member

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    Already done.

    I have posted an article on page 9, post #208 - specifically addressing your inflation concerns (and Argentina, etc) -
    in the thread

    MMT: overcoming the Left-Right divide, at:

    www.politicalforum.com/index.php?threads/mmt-overcoming-the-political-divide.569365/

    (It's probably worth reading post #1 citing key elements of Warren Mosler's "7 Deadly Innocent Frauds of Economic Policy" if you are new to MMT.

    And the article shown at post #208 is from Bill Mitchell's excellent MMT blog covering every economic topic under the sun...



     
  7. Sanskrit

    Sanskrit Well-Known Member

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    Economist is an irrefutably LW globalist-bureau state pulp for low-mid level bureaucrats, and is tailored for wee, parasitic, narcissistic bureaucrat brains. Hasn't been meaningfully relevant in decades. No wiki page, especially one estimating "balance" of ANY MSM source is useful or accurate. Readers would be better off reading pretty much ANYTHING other than Economist, including cereal boxes or used toilet paper... since some people apparently need so much of that these days. Avoid.
     
    Last edited: Apr 8, 2020
  8. doombug

    doombug Well-Known Member

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    FWIW. "Open in new tab" does work.
     
  9. Kode

    Kode Well-Known Member

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    Cheap slogans with no intelligence.
     
  10. Kode

    Kode Well-Known Member

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    Yup. I've been to the Carolinas, Georgia, Florida, and Texas and from what I saw they are still fighting the Civil War. Contempt for Northerners is rampant.

    I didn't see anything "supporting" the robbing of Native Americans' land in that.

    An epopee is an epic poem or long narrative poem about mythical extraordinary humans dealing with gods and other super-beings.

    Regarding HTML, I was commenting on the code I saw in your post where it references "<i>The Economist </i>".

    Do you see brackets with "i" and "/i" in that, or do you see "The Economist" but italicized?
     
    Last edited: Apr 8, 2020
  11. Doug1943

    Doug1943 Well-Known Member Past Donor

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    Yes, I see that now. I should have proof-read my post. Hopefully anyone who wants to get free access to The Economist won't be put off by that.

    Marx and Engels' attitude to the more advanced civilizations' encounters with backward ones is interesting, and I think it's a problem for the modern, emotion-driven Left. (Not talking about you here.) Not that the modern Left know anything about Marx anyway.

    I believe that modern Leftists would say that the colonization of the Americas by Europeans was a historic crime, period, as was the advance of French and British imperialism in the Third World. They see it purely in moralistic terms, and many of them, in my experience, even refuse to recognize that European civilization is at a higher level than that of backward Third World peoples.

    Marx and Engels, and modern conservatives, would disagree. So I think Marx's hailing of "the virgin soil of immense tracts" being "wedded to the labor of the emigrant" would meet with vigorous objections from American Leftists and Progressives today, who would (rightly) point out that this 'virgin' soil already had human inhabitants, namely, the Native American population -- who were necessarily displaced by the "emigrants". And they would be right! It's just that this is how human progress takes place -- as Engels said, history pulls her chariots forward over mountains of human corpses.

    It doesn't mean, of course, that we can't sympathyze with the displaced peoples. Marx certainly harshly criticized the brutalities of the British in India, while noting that British imperialism was playing a progressive role in destroying backward Hindu village culture and integrating India into the world market. (And while I've got your attention -- have you ever read Bill Warren's Imperialism -- Pioneer of Capitalism? If not, I highly recommend it. If you can find a copy.)
     

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