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Scotland It’ll be entirely dependent on the stock exchange, and various investments that go into our pension, so you could retire at the age of 66 and find that your pension is several tens of thousands less than you’d been anticipating. What you’ve got up to now is preserved; what you earn from now on will be subject essentially to the vagaries of the stock market, and that’s obviously going to hit younger academics, with more of their career ahead of them, more than it does older ones like me. University College Union strike An interview with Neil Davidson
" Mainstream economics is not fatally flawed — but would achieve much more of its potential by questioning itself and listening to other fields." Of course it is not flawed. It just teaches and trains students how to manage capitalism. Yes, there are some malfunctions of the system from time to time, but mainstream economics should justify that and find solutions not to question the functioning itself. Does mainstream economics teach students that there are intrinsic relationships between profit-making as a driving force of capitalism and how 8 people own more than half of the world population, uneven-development, wars, and other crimes? Or, does it teach how to have entrepreurial spirit and business ambition, i.e. individualism, promoting NGOs to massage power relations rather than challenge them, "free-market" as a universal recipe, and "balancing the relationship between labour and capital to serve capital"?