Dégringolade

Industrial Policy Is a Nostalgic Pipe Dream   Jun 25, 2024 JAMES K. GALBRAITH To address the public’s anger after four decades of neoliberalism, progressive and center-left economists are calling for innovation to create wealth “for the many” and to deal with climate change, while also reducing market concentration and power. Unfortunately, they are mistaken about where the real problem lies. SIRACUSA, ITALY – At a recent “summit” in Berlin, prominent center-left economists announced a “new consensus” on industrial policy. Their joint declaration was then published in full by the Columbia University economic historian Adam Tooze, who described it as “remarkable both for its capacious agreement on economic and industrial policy principles and the way they are embedded in a reading of the political and geopolitical risks of the moment.” According to the Berlin declaration, those risks are of two types. There are “real risks” such as climate change, “unbearable inequalities,” and “maj...

The self same "self-identified "radical" ersatz socialist DSA clowns and their proggy appendages in the alt-media universe who first glorified the anti black, neoliberal imperialist racist Obama - a man not without an abysmal record as an Illinois Senator from Chicago's Pritzker ghetto, yet unvetted by these giddy, self-impressed and self-promoting "radicals," transformed their disappointment with Obama (not with themselves for failing to vet that brown-nosing narcissist) into an uncritical, 'don't ask don't tell'  support of the next hypocricies brimming narcissistic sociopath charlatan in line; the neoliberal imperialist "socialist" Bernie the bomber Sanders. Having learned exactly nothing from their two previous miserable failures, all the same jokers incredulously threw in with Teddy Kennedy's intern, the revolutionary socialist Sambuca flame throwing barmaid AOC.  These dopes' fee-fees and high hopes got slapped down b...