“Socialism” is intrinsic to the “Right.” When journalists and academics refer in one breath to “liberalism, neoliberalism, and the Right-wing,” that attests to their ignorance, not to the accuracy of any such bastardization. Even at its most basic level of understanding, it seems to have been forgotten that in Britain there were Tories and Whigs in opposition. Now, Toryism has become so detached from its origins (more…)
OWS is creating some news and some controlled chaos, and that is probably a good thing.
As a political movement, it is more about crowd psychology than anything else. The OWS folks don’t know what they want, and as a collective they don’t even seem to understand what they are against. (more…)
No-one wants to talk about Japan these days. The conventional wisdom is that the bloom went off Japan’s economic rose around 1990 and that the utter superiority of neoliberal capitalism was vindicated by the strong performance of the American economy during the 1990s. (more…)