Neoliberal Economics

Austrian central banker calls openly for "creative destruction" of business from Covid.

Submitted by zed2 on Mon, 11/15/2021 - 2:14pm

They want the so called zombie companies to go out of business and not try to hang on .

Even if we lose millions of jobs, they likely consider it to be an "efficiency gain"

FYI The so called "Austrian School"or "Geneva School" of economics is the one that our "leadership" secretly subscribes to.

Mea Culpa: Bankers admit to being responsible for global inequality

Submitted by gjohnsit on Wed, 06/01/2016 - 6:07pm

The IMF released a new report last week, and it was a stunning admission of guilt.

HRC & Establishment Groupthink Are Consistently WRONG

Submitted by Words on Fri, 05/15/2015 - 10:57am

Cross-posted from GoS.

Mainstream thinking, not just Republican thinking, is consistently wrong. Justification and support for the Iraq War? WRONG. Catastrophically wrong. Multi-generational even. Centennial even. An amazingly catastrophic mass lapse of establishment "reason" indeed.