it’s always based on laws that describe what happens (or more accurately what USED TO happen) and not why they happen. This lack of a scientific economic approach has led to the impotency of liberal economic “science”. This is why the libs, even the ones that consider themselves “economists”, are so frequently wrong: they’re entire fucking ideology has been rendered completely null by the ongoing changes in society, which are propelled by its own contradictions. They predicted that China would collapse 30 years ago; China’s stronger than ever. They sanctioned Russia; ruining their own economy in the process while not even hurting the RF. They can’t even figure out why wages haven’t risen with economic output…Liberalism is just copium expressed in complex economic jargon.
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Very good thoughts.
Imo it’s sometimes difficult to distinguish between incompetence and malice in economic leadership, especially when American Democrats and the like are in charge. Because they claim one set of goals (vague gestures toward improving economic conditions for regular ppl) and never deliver, it may seem as though they’re ineffective, but once it’s understood their economic ideologies are antithetical to things that would jeopardize the rate of profit (e.g. increasing labor power, full employment, social programs, non commodity housing, healthcare, etc), it becomes clear that the liberal technocrats are really malign hypocrites. Materially, American conservatives are not better, but they’re historically a bit more open about not caring about regular people.
gobbledyremoved is my new favourite word
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Since I’ve been able to look at the world through a Marxist lens I’ve come to the same conclusion, the western worldview is artificial and cannot explain anything. If explanations were offered the entire tower of cards would collapse.
I’m reading Michael Hudson’s Super Imperialism at the moment and he makes similar remarks as your paraphrasing of his junk economics theory. For example, “…today’s laissez-faire and neoliberal monetarist orthodoxy plays the academic role of useful foolishness…”
It’s all a charade though, at least at the upper levels. Aside from the true margin of uncertainty, the people in charge know what they’re doing. The US government even used Super Imperialism as reference and teaching material for how to do super Imperialism better. The academic and popular economists we see in media simply serve a role of useful foolishness, whether they are in the know or not doesn’t really matter.
And than there is the ancaps, that are both dumb as fuck and are deliberately misleading others
It’s by design. At this point, over 300 years into the capitalism, each honest and fact based research about reasons for the economical occurences would lead them more or less straight to marxism. Mainstream economists can’t delve too deep into the economy and not risk losing their good life.
