Obama's doing well, considering... | 87 comments (87 topical, editorial, 0 hidden)

Re: Is it democracy itself? (none / 1)

Example? Hayek and all of the neo-liberals, who believe explicitly that political power should be mediated by markets, and that if people are excluded from decision-making as a result, that's not in any way a bad thing.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Dec 20th, 2009 at 08:35:16 PM EST
[ Parent ]

Re: Is it democracy itself? (none / 0)

Gee, I wonder if "Hayek and all the neo-liberals" would take exception to your characterization.

And are they "economic theory" all by themselves?

Please explain.

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by ormondotvos (ormond.otvosnospamgmialcon) on Sun Dec 20th, 2009 at 08:44:32 PM EST
[ Parent ]

Re: Is it democracy itself? (4.00 / 4)

Politically, they're the only economic theory that matters. No one cares what heterodox heretics think, and they certainly have absolutely no influence on US policy - the US being a country where a centrist like Krugman might as well be Karl Marx.

A bit of reluctant pseudo-Keynesian pumping over the last year hasn't done a lot to change that.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Dec 20th, 2009 at 08:56:52 PM EST
[ Parent ]

Re: Is it democracy itself? (none / 0)

I don't find any explanation in this, just assertions.

by ormondotvos (ormond.otvosnospamgmialcon) on Mon Dec 21st, 2009 at 08:59:45 PM EST
[ Parent ]

Obama's doing well, considering... | 87 comments (87 topical, 0 editorial, 0 hidden)