The search is on to put a name on this extended low level of economic activity. Leading the charge is Larry Summers, top former Democratic economic policy maker and academic, revisiting old concepts like secular stagnation, Hysteresis, and most recently coining the Keynesian New Economics -whatever that means.
Not to be outdone by the current academic incarnations, those in the "financial media" have been turning to ever more head turning, and head scratching, headlines. While many still couched in the sound finance camp have an air of hysterical disbelief citing money trees and socialist utopias to discredit the debate altogether some don't even concern themselves with the real issues.
Enter Paul Mason who most recently has been chiming the end of capitalism. In his most recent column and accompanying video he premises that:
"Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing economy. The old ways will take a long while to disappear, but it’s time to be utopian"
Maybe it's the assumption of pending postcapitalism or utopian idea that free information will feed us but ultimately without the inclusion of or nod to the money circulation in the economy all else is bunk-regardless of the name you attach to it.
Not to be outdone by the current academic incarnations, those in the "financial media" have been turning to ever more head turning, and head scratching, headlines. While many still couched in the sound finance camp have an air of hysterical disbelief citing money trees and socialist utopias to discredit the debate altogether some don't even concern themselves with the real issues.
Enter Paul Mason who most recently has been chiming the end of capitalism. In his most recent column and accompanying video he premises that:
"Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing economy. The old ways will take a long while to disappear, but it’s time to be utopian"
Maybe it's the assumption of pending postcapitalism or utopian idea that free information will feed us but ultimately without the inclusion of or nod to the money circulation in the economy all else is bunk-regardless of the name you attach to it.
RSS Feed