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All forms of economic organization should be looked at as tools through which an uncorrupted representative democracy can best manage a society's political and economic life. We have enough experience to know, with absolute certainty, that the best way to organize our economies is not with 'pure capitalism' or 'pure socialism' (whatever those two phrases mean).

The public needs to emphatically reject, NOW, the either/or approaches that the Trotskyists and laissez-faire-ists are associated with. But we haven't, in fact the laissez-faire ideologues decisively dominate both the Democratic and Republican parties here in the States, as well as virtually all economics departments (where the common sense I've outlined in the preceding paragraph is often outright banned as 'un-economic'). This nightmare reality is not nearly enough different in Europe.

fairleft

by fairleft (fairleftatyahoodotcom) on Thu Dec 17th, 2009 at 01:29:26 PM EST
[ Parent ]
Nobody actually believes in laissez-faire - least of all the tenured professors who live on government grants. The spectacle of American right wingers demanding the government stay away from medicare (a government program) this summer is hard to incorporate in any coherent political model.
by rootless2 on Sun Dec 20th, 2009 at 07:57:59 AM EST
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Rigfht-wingers very much do believe in laissez-faire.

They don't need to believe in a coherent model. Like NCE - the model doesn't have to be coherent, it just has to be a useful excuse for greed, violence, xenophobia and stupidity, which are the right's core values.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Dec 20th, 2009 at 09:17:35 AM EST
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I'm not sure that incoherence is the problem with NCE: I suspect it follows quite coherently from its assumptions.

The problem is that NCE is based upon the complete bollocks assumptions necessary to lead to policy outcomes which suit those who fund NCE.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sun Dec 20th, 2009 at 05:13:24 PM EST
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I think TGB's point would have been clearer had he said that NCE does not have to be congruent with reality. That is the real problem, not that it is incoherent, though much of it is, but that it is incongruent with the way things actually work.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Dec 20th, 2009 at 10:17:51 PM EST
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