[lbo-talk] Money

Doug Henwood dhenwood at panix.com
Sun Aug 7 15:02:49 PDT 2011


On Aug 7, 2011, at 12:24 AM, Mike Beggs wrote:


> http://scandalum.wordpress.com/2009/06/01/mitchell-strikes-back/

At which you say:


> I think the whole Mitchell system appeals to a certain kind of person, who is rightly sickened by a permanent pool of unemployment, sees policymakers as irrational, and thinks the whole thing could be put right, with no losers and no conflict, with a single Big Idea. As such, it risks being a Douglas Credit for the 21st century. I would rather see the energy joining a broader project which realises the extent to which capital shapes capitalist political possibilities, and recognises that there is no simple policy switch that would suddenly make everything rational without a serious confrontation with that power. Mitchell says that’s ‘quasi-Marxist’ and so it is!

To which I say: "Bingo!"



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