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.
War, Russia, and propaganda
War, Russia, and propaganda
War, Russia, and propaganda
War, Russia, and propaganda
@ekg @Patricia i'm not sure what neoliberalism means in the context you are using it, there is nothing about the current Russian empire which is liberal or commerce focused. Neo-liberalism, in my mind, is about trying to achieve liberal goals by manipulating the economic incentives and allowing people to self-organize change, rather than directly regulating and punishing behavior. Trading in CO2 to lower emissions rather than banning coal plants outright for example.