I could see one or more organizations such as Soros' INET, funding further practical development of some of Steve's models, perhaps even independently of Steve, either to further their attack on the economic status quo or just to have the edge they might give in investing. (I know it seems heretical to think that an economic model might provide accurate predictions.) I could see some of the people at The University of Missouri, Kansas City, such as Stephanie Kelton, Randy Wray, Marshall Auerback, Scott Fullwiler, Michael Hudson and others blogging at New Economic Perspectives adopting his modeling methods. Steve has been working to make his approach more consistent with double entry bookkeeping, stock and flow analysis and MMT. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
Take Greece. It should have been understood that lenders were responsible for due diligence. But clearly, that hasn't happened.
I think we need a more powerful and memorable frame. I was thinking today that the neo-lib actions across the UK will lead to multiple deaths.
What's wrong with launching a case in the European Court of Human Rights? When the scale of suffering is as extreme as it's going to be in Greece - and only slightly less extreme in other countries - I don't think it's an exaggeration of any kind to start framing it as a crime against humanity.
Of course it's easy to dismiss as hysterical and non-serious. But that's precisely where there's room for an opening for a public debate making the point that it's nothing of the sort.
