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Showing posts from January 22, 2017

Keynes’s Economy Theory Today

Keynes's economic theory voted most influential academic book on British life. A public vote to decide which scholarly book has had the greatest impact on Britain has chosen The General Theory of Employment, Interest and Money . "Keynes knew what he was on to when he wrote The General Theory. In a letter to playwright and socialist George Bernard Shaw, he wrote: “I believe myself to be writing a book on economic theo ry, which will largely revolutionise – not, I suppose, at once but in the course of the next few years – the way the world thinks about economic problems.” WAS HE RIGHT ABOUT ITS INFLUENCE? "The book formed the basis for Keynesian economics, which has been a hugely influential economic model in the UK since the Great Depression, and, thanks to Keynesian advocate Gordon Brown, played a key role following the 2008 crash. Brown’s famous quote “no more boom and bust” was a direct reference to The General Theory’s central thesis. WELL, THAT DID NOT WORK...
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Nicos Poulantzas: "The inability of any class or class fraction to impose its hegemony is what characterizes the conjuncture of fascism; that is, ultimately, the inability of the alliance in power to overcome its intensified contradictions of its own accord."
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Angela Davis's speech Restoring King "There is no figure in recent American history whose memory is more distorted than Martin Luther King Jr. "
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“Toward the end of 1951, Secretary of State Dean Acheson formed a special committee on the Arab world under the chairmanship of Kermit Roosevelt, from the newly established CIA. The committee suggested the need for “an Arab leader who would have more power in his hands than any other Arab leader ever had before, ‘power to make an unpopular decision’ … one who deeply desires to have power, and who desires to have it primarily for the mere sake of power.” This recommendation was made more explicit in a British Foreign Office minute on December 3, 1951, which described the joint American-British view as follows: “the only sort of Government with which we can hope to get an accommodation is a frankly authoritarian government … both ruthless and efficient … We need another Mustafa Kemal [the Turkish officer who led a modernizing coup in 1921, and assumed the title Atatürk, the father of the Turks], to secularize and Westernize his country … Even though Egyptians are not Turks, and men like...
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