Hey fair enough, but I gotta ask, do you think this all would have happened if Bernie would have won?
My instinct says "no cause the legislature is still almost entirely neolibs who wouldn't want to work with him" but I don't feel like that answers the whole thing
He'd forsure be neutered and cause capital flight. If he tried to implement a lot of what he promised he'd have to fight off the bourgeois pissed about falling profits and inflation. If he did get the new deal sort of stuff passed through political means without being able to control capital in any way, it would probably be ruinous and invite a lot of reaction imo. I mean the Neolibs are still fairly Keynesian in terms of deficit spending, the primary tool of Keynesianism, so really going even crazier with deficit spending relative to where we are now, even on good stuff like health care etc., seems like not an option. As much as MMT is supposedly voodoo witchcraft (and something I need to read about more), there is an assload of unrealized debt out there that is waiting to become a huge issue (it already is, look at the zombie firms). Unless by some miracle Bernie just went all Allende and ruled through executive decree and started nationalizing shit. Still that didn't end well for Allende
In general I agree with you though, the Neolibs would've gutted the shit out of anything he wanted. Plus it's not like I'm an expert on economics I'm just trying to use some of the shit I've read.
Hey fair enough, but I gotta ask, do you think this all would have happened if Bernie would have won?
My instinct says "no cause the legislature is still almost entirely neolibs who wouldn't want to work with him" but I don't feel like that answers the whole thing
He'd forsure be neutered and cause capital flight. If he tried to implement a lot of what he promised he'd have to fight off the bourgeois pissed about falling profits and inflation. If he did get the new deal sort of stuff passed through political means without being able to control capital in any way, it would probably be ruinous and invite a lot of reaction imo. I mean the Neolibs are still fairly Keynesian in terms of deficit spending, the primary tool of Keynesianism, so really going even crazier with deficit spending relative to where we are now, even on good stuff like health care etc., seems like not an option. As much as MMT is supposedly voodoo witchcraft (and something I need to read about more), there is an assload of unrealized debt out there that is waiting to become a huge issue (it already is, look at the zombie firms). Unless by some miracle Bernie just went all Allende and ruled through executive decree and started nationalizing shit. Still that didn't end well for Allende
In general I agree with you though, the Neolibs would've gutted the shit out of anything he wanted. Plus it's not like I'm an expert on economics I'm just trying to use some of the shit I've read.