[lbo-talk] The wrecking society: Economics today

Wojtek S wsoko52 at gmail.com
Tue Oct 16 10:08:03 PDT 2012


http://www.aljazeera.com/indepth/opinion/2012/10/201210156340797431.html

There is an old story from the heyday of the Soviet Union. As part of their May Day celebrations they were parading their latest weapon systems down the street in front of the Kremlin. There was a long column of their newest tanks, followed by a row of tractors pulling missiles. Behind these weapons were four pick-up trucks carrying older men in business suits waving to the crowds.

Seeing this display, the Communist party boss turned to his defence secretary. He praised the tanks and missiles and then said that he didn't understand the men in business suits. The defence secretary explained that these men were economists and "their destructive capacity is incredible".

People across the world now understand what the defence secretary meant. The amount of damage being inflicted on countries around the world by bad economic policy is astounding. As a result of unemployment or underemployment, millions of people are seeing their lives ruined. The current policies have led to trillions of dollars of lost output.

-- Wojtek

"An anarchist is a neoliberal without money."



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