Political Economy

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      Creigh Gordon

      Now that the midterms are over, and we’ve absorbed all of Chris’s political strategerizing, it’s time for some talk about political objectives. That means (macro)economics, or what used to be called political economics.

      In that vein, here are a couple of interesting articles. The TL;DR connecting them is that if 1% of the people are hoarding all of the money, you will not have a robust economy. And make no mistake, having 1% of the people hoarding all of the economy is not inevitable, it is the result of deliberate policies put in place for that very purpose.

      The first one is “Will Progressives Ever Think About How We Structure Markets Instead of Accepting Them As Given” by Dean Baker in Counterpunch. Mostly about patents and intellectual property; https://www.counterpunch.org/2018/11/19/will-progressives-ever-think-about-how-we-structure-markets-instead-of-accepting-them-as-given/

      The second one is “Banking Deep Dive,” an interview with Michael Hudson about financialization of the economy and how that burdens the economy with debt:
      The interesting takeaway from this interview is that for the economy as it currently stands to succeed, banks have to fail.

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