I’m still trying to learn economics, but I’m watching/listening university lectures, podcasts, interviews etc and this field is so stagnant it’s ridiculous. Important professors asked to analyze current crises just sit around arguing about whether Keynes or Hayek were in favor of government intervention in 1932. Or other critical current topics.

Dudes. Dudes. Come on.

And if you’ve lived through austerity policies: this is 100% the fault of economics. And they are 100% fandom/model based.

This field is almost exclusively fundamentalistic. And a tiny bit of dictatorship and/or suffering is broadly considered the Right Path to some fucked up nirvana.

There is hardly any data, and when there is it’s often so cherry picked it’s embarrassing. They will gladly take credit for effects years into the future, but zero responsibility for crashing an economy.

This field should be disbanded, deleted, tossed in the trash. The whole thing. Left or right or middling.

@Patricia Economics as you know it is. After the 2008 financial crisis actors like The World Bank, IMF, and IBS riped up the textbooks and started anew. Thats why I was malding so hard the other day when you were talking shit about the IMF, they have completely change their tune since the incidents you recalled.

@Patricia
This is what the war in Ukraine is about, Russia is one of the last holdouts concerning neoliberal ideals. The the war is Democracy (The west) vs. Neoliberalism (Russia), and neoliberalism is losing.

Russia is very good at propaganda and has done everything in their power to keep neoliberal ideas alive, because they believe they will destroy the west. Witch is true neoliberal ideas if genuinely believed will destroy everything, including Russia.