Michael Hudson on Reagan.

Michael Hudson delivers a brilliant cutting analysis of Reagan’s economics, reform of the tax system and post-Reagan class war in the United States. If you haven’t seen or heard of “The Real News Network”, you should most definitely take a look. They provide a hardnosed and progressive take on contemporary events, vastly removed from the flippancy of much cable news analysis.

-Previously on “A Night of Dostoevskian Smiles and Sadean excesses”, take a look at “Minsky and The Financial Crisis”.

Comments

Mathew Toll said…

Well, isn't that nice of you Steve. Have you got anything to say about Reagan?

February 11, 2011 at 8:25 PM

The Japanese Economic Miracle: Creative Destruction and Administrative Guidance.

During a lecture before the Eugenics Society in 1937, British economist John Maynard Keynes stated that “a greater cumulative increment than 1 per cent per annum in the standard of life has seldom proved practicable”. Moreover, Keynes continued, “generally speaking the rate of improvement seems to have been somewhat less then 1 per cent per annum cumulative”. Of course, Keynes was speaking during the great depression, and therefore his remarks may be tainted with a particular pessimism. But they draw into sharp relief the experience of economic growth in post-war Japan: between 1950 and 1973, GDP growth averaged 10%, a rate of sustained growth never before seen .By 1962, the English publication Economist, with poetic flair, dubbed Japan’s recovery an “economic miracle” . This designation caught on and became a general catch phrase for spectacular economic growth. In the case of Japan, a multitude of explanations have arisen for why Japan underwent an ‘economic miracle’. Crucial to...

Ideology and Symbolic power: Between Althusser and Bourdieu.

Western Marxism has often laid considerable stress upon the ideology of modern capitalist societies. This focus upon ideology stems from the failure of proletarian revolution to have either occurred, or establish socialism within Western Europe. The exact nature and function of ideology became paramount in Marxian explanations of the continued stability of Western capitalism after the Great War and Great Depression. Marxian conceptualizations of symbolic domination (under the notion of ideology) remain in the realm of consciousness and intellectual frameworks. Pierre Bourdieu developed a paradigm for understanding symbolic power and domination through his theory of dispositional practices that breaks with the concept of ideology and it basis in the tradition of ‘Kantian intellectualism’. This theoretical model both deepens and broadens the sociological understanding of symbolic power and domination, through the acknowledgment of non-intellectual and bodily elements in the dynamics o...

Thesis Acknowledgement.

I printed off a copy of my honours thesis , Discerning Knowers: An Exploratory Study of University Students' Perceptions of Knowledge Claims , today with a view to reread it and give it a final edit before I let people read it (and to see if I can get a research paper or two out of it). I thought I'd take a picture of the acknowledgement page and post it up here in appreciation of those who, though named and nameless, know who they are. For those who can't make the snapshot out (click on it to expand it), it reads: "I would like to thank Albert Camus for letting me know: if there is a sin against the thesis, it lies perhaps less in despairing of the thesis as in hoping for another thesis, and in evading the implacable grandeur of the thesis we have. Or perhaps he meant life, I can’t quite remember. I would also like to thank the proof readers, participants, fellow honours’ students, supportive friends and family, and my supervisor Dr Karl Maton ."...

Seeking the Principles of Power and Danger

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