• Books: Bury the Chains by Adam Hochschild, Endless War: Hidden Functions of the "war on terror" by David Keen, Capital Vol. 1, Tin Drum by Günter Grass, What is Islam? by Shahab Ahmed, Desiring Arabs by Joseph Massad, Spies, Soldiers and Statesmen by Hazem Kandil, La Condition Humaine by André Malraux, Of Mice and Men by John Steinbeck, Imagined Community by Benedict Anderson, Culture and Imperialism by Edward Said, The Wretched of the Earth by Frantz Fanon, The Richness of Life by Stephen Jay Gould, Children of the Alley by Naguib Mahfouz, The Mass Psychology of Fascism by Wilhelm Reich, Brave New World by Aldous Huxley, 1984 by George Orwell, Noli me Tangere by José Rizal, Age of Extremes by Eric Hobsbawm, ذهنية التحريم لصادق جلال العظم, Karl Marx by Francis Wheen, وليمة لأعشاب البحر لحيدر حيدر, Candide by Voltaire, النزعات المادية في الفلسفة العربية الإسلامية لحسين مروة, Listen Little Man by Wilhelm Reich ..
  • Films: Alexanderplatz by Rainer Fassbinder, Clockwork Orange, Apocalypse Now, The Battle of Algiers, films by P. P. Passolini, Persepolis, Midnight Express, 1984, Papillion, Gangs of New York, Sophie Scholl, Life of Brian, Ivan the Terrble, Battleship Potemkine ...

Tuesday, August 02, 2016


Via Michael Roberts

The Keynesian economic advisors to the British leftwing Labour opposition leadership are ditching Corbyn and McDonnell as fast as they can. Several Keynesians resigned in June from the economic advisory council, including Thomas Piketty. 
Now Keynesians David Blanchflower and Simon Wren-Lewis have come out in support of Owen Smith, the MP running against Jeremy Corbyn in the leadership election. Apparently they reckon Corbyn is 'unelectable'.
David Blanchflower, a former member of the Bank of England’s monetary policy committee, and Simon Wren-Lewis, a professor at Oxford University, were both members of Labour’s economic advisory committee.
Blanchflower said Smith had been better at "consulting businesses and economists" in three weeks than Corbyn’s leadership had over the last nine months.
Wren-Lewis, who was still a member of the committee until meetings were suspended in June, wrote on his blog: “What seems totally clear to me is that given recent events a Corbyn-led party cannot win in 2020, or even come close."
Joining these rats jumping a (sinking?) ship was Richard Murphy, the tax justice campaigner and architect of the People's Quantitative Easing that Corbynomics originally espoused, but has gone very silent on recently. 
Politics is more important than economic policy so Corbyn-McDonnell continue to advocate left Keynesian policies while their Keynesian advisers ditch them - and even the support of political commentators like Owen Jones has become dubious.

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The biggest trading partner for each country. It matters a lot!