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Cat Mattress
Jul 14, 2012

by Cyrano4747
I'm gonna guess from the fleur-de-lys that one of these groups is for French monarchists.

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feedmegin
Jul 30, 2008

Cat Mattress posted:

I'm gonna guess from the fleur-de-lys that one of these groups is for French monarchists.

These guys, a quick google suggests. Founded by SS members from an SS division that had the fleur du lys in its insignia, rightwing af, but not particularly monarchical from what I can see?

Randler
Jan 3, 2013

ACER ET VEHEMENS BONAVIS

Somfin posted:

There's some languages I'm gonna assume the meanings match if they sound the same as English, and there are some languages I'm not gonna make that assumption, and German is definitely in the latter camp

Rule of thumb: If a party has "Deutschland" in its name it is full of nazis or nazi sympathizers. The few Nazis who can resist putting on the D identify themselves soon enough.

BabyFur Denny
Mar 18, 2003

Randler posted:

Rule of thumb: If a party has "Deutschland" in its name it is full of nazis or nazi sympathizers. The few Nazis who can resist putting on the D identify themselves soon enough.

The Marxistische-Leninistische Partei Deutschlands would like to have a word with you

Libluini
May 18, 2012

I gravitated towards the Greens, eventually even joining the party itself.

The Linke is a party I grudgingly accept exists, but I've learned enough about DDR-history I can't bring myself to trust a party that was once the SED, a party leading the corrupt state apparatus ...
Grimey Drawer

BabyFur Denny posted:

The Marxistische-Leninistische Partei Deutschlands would like to have a word with you

Leftist Nazis. :smugbird:

V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER

Randler posted:

Rule of thumb: If a party has "Deutschland" in its name it is full of nazis or nazi sympathizers. The few Nazis who can resist putting on the D identify themselves soon enough.

what about the SP....oh

oh

suck my woke dick
Oct 10, 2012

:siren:I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!:siren:

Put this cum-loving slave on ignore immediately!

V. Illych L. posted:

what about the SP....oh

oh

Sarrazin

V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER


https://www.youtube.com/watch?v=xdXAN6WnIx8

Squalid
Nov 4, 2008

https://www.bloomberg.com/news/articles/2019-07-30/french-economy-unexpectedly-cools-in-setback-for-euro-area

quote:

French economic growth unexpectedly slowed in the second quarter, adding to risks for a euro area already shaken by a manufacturing slump and frailties in its largest economy, Germany.

France was expected to show greater resilience as it’s less exposed to the slowdown in international goods trade and more reliant on domestic demand that President Emmanuel Macron tried to turbo-charge with a 17 billion-euro ($19 billion) stimulus. Despite the tax cuts, announced in response to the Yellow Vests protests, consumer spending growth weakened.

The second-quarter expansion of just 0.2% -- below economists’ 0.3% estimate -- is another blow for policy makers already fighting fires in other parts of the euro area. European Central Bank President Mario Draghi, expected to loosen monetary policy again in September, has warned that the outlook is getting “worse and worse.”

The economic slowdown is being felt across multiple countries and regions. Sweden’s economy unexpectedly shrank in the second quarter, and industrial production in Japan plunged in June.

For the euro area, the French figures may be just one disappointment in a gloomy week. Data Wednesday are expected to show growth in the region slowed by half to 0.2%. The German economy probably contracted, according to the Bundesbank.

why is the European economy looking so stagnant? Is this all down to Brexit and trade wars or is there something else at play?

This all seems very concerning as a no deal brexit appears ever more certain. Germany is the most exposed economy to Brexit disruption after Ireland, so if they are already approaching zero growth I'm worried the aftermath won't be pretty.

https://voxeu.org/article/exposure-brexit-regions-both-sides-channel

Figure 2 Share of regional labour income exposed to Brexit (UK regions excluded)

Electronico6
Feb 25, 2011

It's stagnant because European economic policy this entire decade has been based on cuts and "balanced budgets", and a lot of effort was done to make people believe in this so you can't change policies at all.

V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER

on that note, i remembered that i promised a semi-effort post on rosa luxemburg

caveat: it's been a while since i read the texts i'm going to link here, and what i'm going to write of them are my general impressions. i've skimmed some important parts to make sure i'm not too badly mistaken, but i'm probably going to misrepresent some things
so here it is:

Rosa Luxemburg

my party brings all the boys to the yard

Rosa Luxemburg was born in the year of the Paris Commune, 1871, in Congress (Russian-controlled) Poland to a jewish middle-class family. After being a pretty diligent student in her early years, she got involved in a gentile communist group and organised a strike, whereupon several of her colleagues were executed and she basically ran for her life. After doing her Ph.D in Switzerland like all the cool communist intellectuals did, she ended up in Germany where she worked for most of her life, steadily rising through the ranks of the then-marxist SPD and learning under the auspices of Karl "the pope of marxism", "the accursed blackguard", "our eminent comrade" Kautsky. This double background (grown up and blooded in the Russian tradition, schooled by the likes of Plekhanov, but mostly mature in a German context) makes her one of the most interesting intellectuals of a time full of interesting intellectuals, even beyond her personal achievements as a woman of her background.

Her main ideological production and the works that would see her as the leading theoretician of the leftmost wing of the SPD happened around the turn of the century: notably, she was clear on the great importance of the mass strike rather than the as the primary weapon of the proletariat, and the need for revolutionary spontaneity. She was also a formidable figure in the marxist-feminist tendency, and after Clara Zetkin probably the biggest single agent (lol she hated that word) responsible for the 8th of March being International Womens' Day. So the next time you see some alt-right dudebro say that Women's Day is a communist plot, know that he's actually right and that owns.

hangin out, smashing the patriarchy, wearing hats

In 1914, as we know, came the war, and with it the SPD finally split; Luxemburg's ally in the Reichstag, Karl Liebknecht, refused to support funding the German war machine and broke out, forming the Spartakist-Bund along with Luxemburg. The two of them, along with some other left-wing notables, fled again to Switzerland and hung out with Lenin and other weirdos, implemented the "Second-and-a-half socialist international" or the Zimmerwald international, and the era of social-democratic progress towards socialism was irrevocably shattered. Kautsky himself had failed; the shock of this betrayal to the Zimmerwald lot is hard to overstate. Lenin writes in this period with something that looks suspiciously like the outrage of someone whose close friends have done something directly contrary to everything they profess to believe in.

After the war, she and Liebknecht returned to a Germany in turmoil and to an extent open revolt. Though they did not believe it could succeed, they also didn't feel that they could just let it get stamped out without trying to help it, and so they threw the Spartakist tendency into the fray.

and then some proto-fascist militias bashed her skull in and threw her in the canal at the go-ahead of the SPD government, oops

Luxemburg remains a big figure on the modern German left, with her much less problematic heritage than e.g. Lenin. A cynic might say that she died a hero, that she couldn't turn into a villain. However, with the death of the intellectual core of the german communist movement, a Soviet-loyal cabal soon took over. Combined with the bad blood from the post-war revolutionary period, weird theories like the doctrine of social fascism and popular front-ism took hold of the German radical left. In the end, they were no match for the Nazis; after the war, KPD took over the East and were banned again in the West, and what happened from there is well known. What might have happened, though, is tantalising to speculate about.

One can see her hardline internationalism take form fairly early on: in her treatise on the Industrial Development of Poland she goes pretty far in denying any great impact of national sentiment in the industrial development of her country, and rejects the thesis that the Russian imperial power curtails capitalist development in Poland. In this, she doesn't really confront Lenin's theory of imperialism; probably Congress Poland was seen as more of a protectorate than an outright colony, which means that leninist hyperexploitation doesn't really happen there. This is ambiguous with Luxemburg, however: it's natural to believe that her background (a foreigner woman from a minority of a minority, whew) informs her perspective somewhat, and the more postmodernly inclined might reasonably observe that she probably felt that she could speak for the colonised with greater legitimacy than, e.g, Lenin. Continuing on her differences with Lenin's "rights of nations"-tendency, she dismissed the nation as inherently orthogonal to the marxist class analysis and thus not something a socialist (or social-democratic, as she called it) party should spend time on. That whole essay is a serious pro-read, by the way, and hits home in a big way in our current way of thinking identity, at least for me.

I'll go into some more depth on what I see as her three most relevant conflicts later (and update this post when it's all done): First, her controversy with Bernstein, father of the modern democratic-socialist movement, which is once again rearing its head in the Western left. Second, her ongoing, uh, robust discussions with Lenin on the National question (I've touched somewhat upon it but I'm incredibly lazy so it'll be done better in its own post) and on issues of Blanquism versus mass-movement spontaneity (this is jargon. basically she accused Lenin of forming an underground sect rather than a class movement, and Lenin accused her of being an ineffective idiot). Finally, there's the Second International antimilitarism, which is her, Lenin and Jaures versus Kautsky, Kerensky and Blum.

Each of these warrants its own post, and I'm going to try to make it happen unless people want me to shut up about obscure internal discussions in the fin-de-siecle socialist movement. Stay tuned for Reform or Revolution, i guess

YF-23
Feb 17, 2011

My god, it's full of cat!


The problems of the '08 financial crash also got externalised to the periphery, so while the financial crisis was going on, instead of learning anything from it people in power in the EU just said "the problem is with Portugal, Ireland, Italy, Greece and Spain, and those countries just need to fix their poo poo* and everything will work out fine".

*by doing austerity, which doesn't actually fix any of the poo poo, but it puts a tick in some checkboxes and it makes some numbers look cleaner at a clerk's office in Brussels and that's all you need to have things be fixed instead of not

Cat Mattress
Jul 14, 2012

by Cyrano4747
Orthodox economists: "policies that consist in injecting more money into the system are THE absolute evil, and we must do everything we can to prevent states from pursuing them"
Also orthodox economists: "things are grim, the system isn't getting more money injected into it, for some mysterious reason that we cannot fathom"

The only solution is to #1 guillotine all the politicians, #2 guillotine all the economists, and #3 guillotine all the billionaires.

Blut
Sep 11, 2009

if someone is in the bottom 10%~ of a guillotine
With these dire growth figures they're going to go back to big money QE too. Despite the fact all it does is keep the economy barely ticking over, and inflate asset prices.

Helicopter money is whats needed: trickle down clearly doesn't work, maybe try trickle up for a change. Some hope though.

Dawncloack
Nov 26, 2007
ECKS DEE!
Nap Ghost
Is trickle up a thing? Never heard the term.

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


Squalid posted:

https://www.bloomberg.com/news/articles/2019-07-30/french-economy-unexpectedly-cools-in-setback-for-euro-area


why is the European economy looking so stagnant? Is this all down to Brexit and trade wars or is there something else at play?

This all seems very concerning as a no deal brexit appears ever more certain. Germany is the most exposed economy to Brexit disruption after Ireland, so if they are already approaching zero growth I'm worried the aftermath won't be pretty.

https://voxeu.org/article/exposure-brexit-regions-both-sides-channel

Figure 2 Share of regional labour income exposed to Brexit (UK regions excluded)

We really need to find a way to sink Norway so that every map of Europe can look like the penis and scrotum of Sweden & Finland hovering over the continent.

Goatse James Bond
Mar 28, 2010

If you see me posting please remind me that I have Charlie Work in the reports forum to do instead
I am 200% on board for obscure internal discussions in the fin-de-siecle socialist movement

His Divine Shadow
Aug 7, 2000

I'm not a fascist. I'm a priest. Fascists dress up in black and tell people what to do.

Electronico6 posted:

It's stagnant because European economic policy this entire decade has been based on cuts and "balanced budgets", and a lot of effort was done to make people believe in this so you can't change policies at all.

And the euro.

Antifa Poltergeist
Jun 3, 2004

"We're not laughing with you, we're laughing at you"



Its because we've been printing a godly amount of money but the majority of it as only gone to a few people.it turns out it's very hard to grow a economy when most of the money only goes to 1%.
And also corporate debt.holy poo poo, there's so much of it.
Trickle up is a term used by post Keynesian aconomists , usually to justify a jobs program.the dudes from naked capitalism and guys like Minsky and Steve Keen go into it.

Claudio Boro is the head analyst for BIS,the bankers bankers...bank.surprisingly the guy is pretty non ideological in its analyses, he has a interesting interview here:

https://www.ilsole24ore.com/art/bis-more-balanced-policy-mix-for-sustainable-economic-growth-ACwq1eV

Basically all orthodox economic models ignore the financial sector and don't model for it, and no one knows what the gently caress they are doing.
We are at the stage where everything that kinda worked in the past is not working anymore, and we are at the "throw everything at the wall, see what sticks" phase.

I can't stress enough how monumentally stupid this all is.

His Divine Shadow
Aug 7, 2000

I'm not a fascist. I'm a priest. Fascists dress up in black and tell people what to do.

Antifa Poltergeist posted:

We are at the stage where everything that kinda worked in the past is not working anymore, and we are at the "throw everything at the wall, see what sticks" phase.

I thought we were in the stage where we just keep on picking up the same thing after it slides off the wall and throw it again, hoping for a different result this time.

Honj Steak
May 31, 2013

Hi there.
The entire premise of the speculative financial sector is about knowing more than the people they're taking advantage of. It's the most blatant counter-argument against the "everybody's a rational actor" hypothesis.

Junior G-man
Sep 15, 2004

Wrapped in a mystery, inside an enigma


Thanks for linking that interview, it's really good.

This is quite an important bit:

quote:

You mentioned a more balanced policy mix. So far central banks have borne the burden of stimulating the economy. Can we go on with the same recipe?
«We are concerned about a certain general perception that seems to be out there: that central banks and monetary policy specifically can be the engine of sustainable - and let me stress sustainable - growth. This is the expectation that whenever something happens central banks will be there to take care of it - whenever growth slows and whatever the reason, you can count on them to push it back up.
«This is not the right recipe because it is a recipe for monetary policy to lose its room for manoeuvre -- as to some extent it already has – a recipe for policy to have diminishing returns and to generate growing unwelcome side effects over time. This policy mix cannot ensure a sustainable expansion.
«That’s why in the Annual Economic Report we say that it is important to ignite the four engines: we talk about monetary policy but we also talk about macroprudential policy, we talk about fiscal policy and, above all, we talk about structural policy. A plane cannot fly on one engine only».

Essentially most modern Western, and especially European, governments have entirely given up on fiscal and structural politics, i.e. taxes and investment. This is because they don't want to appear as if the state could or should have any meaningful role in steering economic growth or policy. It's the essence of neoliberal 'the markets know and see all and therefore price correctly', which leaves you with only central bank / monetary levers to play with.

Of course, if the central banks are out of levers to use when the next crisis hits ...

Cat Mattress
Jul 14, 2012

by Cyrano4747

Antifa Poltergeist posted:

We are at the stage where everything that kinda worked in the past is not working anymore, and we are at the "throw everything at the wall, see what sticks" phase.

Guillotines worked in the past, and I'm sure they'd work again now. Policies are dictated by economic models that don't take the financial sector into account? Not a problem, guillotine the entire financial sector and the problem is solved.

Junior G-man
Sep 15, 2004

Wrapped in a mystery, inside an enigma


I'd be amazed if the next crisis solution wouldn't include helicopter money, but they'd do it in some really limited and lovely way like only for homeowners or something like that.

GreyjoyBastard posted:

I am 200% on board for obscure internal discussions in the fin-de-siecle socialist movement

Also definitely seconded.

Junior G-man fucked around with this message at 10:50 on Aug 1, 2019

Dawncloack
Nov 26, 2007
ECKS DEE!
Nap Ghost
Hey poltergeist, thanks! How did I know about aall of this stuff without coming across the term "trickle up", the world wonders.

Tesseraction
Apr 5, 2009

Antifa Poltergeist posted:

we are at the "throw everything at the wall, see what sticks" phase.

Cat Mattress posted:

Guillotines worked in the past, and I'm sure they'd work again now. Policies are dictated by economic models that don't take the financial sector into account? Not a problem, guillotine the entire financial sector and the problem is solved.

Yeah I was gonna say, we've clearly not thrown everything at the wall because we have yet to see the capitalists against it.

GABA ghoul
Oct 29, 2011

Germany(the EU's largest economy) is slowing down and is in a bad position right now, which is dragging everyone else down a lot.

Also, overall, the EU economies are structured differently than the US economy and a lot less growth focused so you can't expect US numbers.

Antifa Poltergeist
Jun 3, 2004

"We're not laughing with you, we're laughing at you"



Dawncloack posted:

Hey poltergeist, thanks! How did I know about aall of this stuff without coming across the term "trickle up", the world wonders.
Its because it has had a resurgence since 2008, because post keynesianism where considered a fringe wing of economics but guys like Steve keen where predicting the economy to go tits up back in 2001.and also Marxists economists ( guys like Samir Amin) since ...forever.they were right.
Post keynesianism has its influences in Keynes (and criticisms of Keynes)and uses some stuff from Marx (although they are generally dismissive of Marx labour theory of value, in Steve Keen case because I think he missunderstands it).
So basically as a economic movement they are second only to Marxist economists in being ignored by the current orthodoxy.
And also, I think it's pretty clear why the term "trickle up" is omitted, even when the FT and the Economist started looking more seriously at post keynesian economics in the aftermath of 2008.
It raises uncomfortable questions and may give people ideas.

But yeah, the thesis is that governments have abandoned any idea of intervening in the market since the 80s (I would argue since Breton woods), central banks role reduced to only fidgeting with exchange rates and interest rates,and the deregulation of 80's and 90's was one of the root cause of our problems.
This might be old news to some of us, but the fact that the head researcher of BIS is plainly saying this is as close as we get to a tectonic shift.
Unfortunately, there's a lot of economists out there whose paycheck depends on them not getting this, so....
Btw, at the end of the interview Claudio Brunio plainly says that our current macro landscape most resembles the 20's and 30's, only we now have ungodly amounts of debt (corporate, private and to a less extent, public) on top of it.

While we've been trying the same old things again and again until now, 2019 and 2020 is gonna be squeaky bum time, hopefully we can try some different things.like guillotines.

In conclusion, economics is a bullshit vodoo science.
Also I would like to read more about badass democratic socialism chicks.

Orange Devil
Oct 1, 2010

Wullie's reign cannae smother the flames o' equality!

GreyjoyBastard posted:

I am 200% on board for obscure internal discussions in the fin-de-siecle socialist movement

Pump these straight into my veins.

Orange Devil
Oct 1, 2010

Wullie's reign cannae smother the flames o' equality!

Junior G-man posted:

Thanks for linking that interview, it's really good.

This is quite an important bit:


Essentially most modern Western, and especially European, governments have entirely given up on fiscal and structural politics, i.e. taxes and investment. This is because they don't want to appear as if the state could or should have any meaningful role in steering economic growth or policy. It's the essence of neoliberal 'the markets know and see all and therefore price correctly', which leaves you with only central bank / monetary levers to play with.

Of course, if the central banks are out of levers to use when the next crisis hits ...

Liberals ideologically believe the state can not do anything right and thus should not do anything. Once in power, they proceed to dismantle the state except for the parts which directly protect their wealth. As long as liberals are in power, they will keep fulfilling their own prophecy.

They are also entirely wrong. States are some of the most powerful actors on this planet. They can effectively mobilize vast quantities of human and industrial resources to whatever purpose they are set to. States put a man on the moon 50 years ago, the markets still haven't figured out how to do that.

V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER

i tend to agree that states are very *effective* actors, i.e. they can actually do things like put people on the moon and keep a whole population in health and education. where the liberal will take this sort od discussion is that a state is not necessarily very *efficient*, since it faces little of the basically darwinian pressure that private entities (at least smaller ones) do.

liberald will tend to say, well, let's have the best of both worlds! we can define an outcome and use the state's focus and resources to act as a giant customer to the market! this is where NPM and the whole scourge of contracting comes in - the idea is that, without pressure, there will be *waste*, defined as resources not spent attempting to achieve a certain goal. the stereotype here is the state enterprise not bothering to adapt new technology or being able to sack underperforming workers.

this stereotype is not entirely wrong, but it is almost entirely wrong. in reality, a lot of waste is going towards maintaining some useful function which is non-trivial to quantify, or which is partially external to the system being directly administered. a good example of this is the norwegian air ambulance service contract, recently taken over by Babcock.

babcock underbid the state company running the service on the contract, using what amounts to a loophole: the contract had not specified that working conditions needed to be maintained. according to contract logic, babcock then swoops in and gives an eye-watering paycut to the pilots, who are disproportionately well-paid for the sector. this being an important life-saving public service, the pilots' right to strike is severely curtailed, so their opportunity to object is limited

it turns out that the reason they were so well paid is because they have a very niche skillset. many pilots just refused to accept the new wages, finding other jobs. this lead to a severe pilot shortage and a failure of the service.

my point here is that there was one rather small loophole in the contract which allowed a wrecker to gain entry into a service they poorly understood; the shell babcock set up to run the aerial ambulance service is almost certainly going to go bankrupt. in the abstract, this is good! an incompetent actor is getting weeded out. market darwinism working as intended! unfortunately, it's going to literally kill people and damage trust in an important public service. oops.

the issue with contracting is that you surrender an awful lot of power and long-term planning ability for what amounts to relatively marginal savings when factoring in the sheer amount of bureaucracy that needs to be in place to prevent fuckups like the babcock air ambulance fiasco. to modern neoliberals, that's no problem. to the rest of us, it's a big loving problem for a whole host of reasons, not least because even at the best of times it's incredibly vulnerable to corruption

this is still hard to argue persuasively against to laypeople, because it genuinely is hard to argue against saving money. fortunately, there seems to be an increasing awareness that those savings aren't normally made simply by more competent management, but by externalising costs onto the workers, the quality of the service, or the environment

V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER

in the EU, this sort of logic is absolutely endemic and it's one of the absolutely worst parts of the whole project

breadshaped
Apr 1, 2010


Soiled Meat

forkboy84 posted:

We really need to find a way to sink Norway so that every map of Europe can look like the penis and scrotum of Sweden & Finland hovering over the continent.

The only positive of the euro is having a dick and balls on all my coins

Haramstufe Rot
Jun 24, 2016

Antifa Poltergeist posted:


Basically all orthodox economic models ignore the financial sector and don't model for it, and no one knows what the gently caress they are doing.

Wat?

https://mitpress.mit.edu/books/microeconomics-banking
One of the most prominent applied micro books, its full of economic models with and about banks?

Antifa Poltergeist
Jun 3, 2004

"We're not laughing with you, we're laughing at you"



caps on caps on caps posted:

Wat?

https://mitpress.mit.edu/books/microeconomics-banking
One of the most prominent applied micro books, its full of economic models with and about banks?

Not on a macro level, and their relationship to the real economy.
The shortcomings of prevailing macro models include: an equilibrium assumption (by contrast, financial markets, which impact the real economy, have no propensity to equilibrium), no role for credit, banks, or even money.
Steve Keen book debunking economics is a funny and sobering read about the logic errors and assumptions in current orthodox economic models.although I don't agree with some of the stuff there, it's a good read.

This lead to the orthodox models and economists being blindsided by 2008 , and failing to explain why it happened.
They came up with the wonderfull "savings glut" theory that has been debunked.
In economese:
http://www.bis.org/publ/work346.pdf


A much funnier summary:

https://www.nakedcapitalism.com/2011/09/the-very-important-and-of-course-blacklisted-bis-paper-about-the-crisis.html

punk rebel ecks
Dec 11, 2010

A shitty post? This calls for a dance of deduction.

Antifa Poltergeist posted:

Not on a macro level, and their relationship to the real economy.
The shortcomings of prevailing macro models include: an equilibrium assumption (by contrast, financial markets, which impact the real economy, have no propensity to equilibrium), no role for credit, banks, or even money.
Steve Keen book debunking economics is a funny and sobering read about the logic errors and assumptions in current orthodox economic models.although I don't agree with some of the stuff there, it's a good read.

This lead to the orthodox models and economists being blindsided by 2008 , and failing to explain why it happened.
They came up with the wonderfull "savings glut" theory that has been debunked.
In economese:
http://www.bis.org/publ/work346.pdf


A much funnier summary:

https://www.nakedcapitalism.com/2011/09/the-very-important-and-of-course-blacklisted-bis-paper-about-the-crisis.html

What economic model would you subscribe to.

suck my woke dick
Oct 10, 2012

:siren:I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!:siren:

Put this cum-loving slave on ignore immediately!

V. Illych L. posted:

in the EU, this sort of logic is absolutely endemic and it's one of the absolutely worst parts of the whole project

That's because the majority of member states drank the kool-aid while masturbating to the end of history.

feller
Jul 5, 2006


punk rebel ecks posted:

What economic model would you subscribe to.

:killing:

Antifa Poltergeist
Jun 3, 2004

"We're not laughing with you, we're laughing at you"



punk rebel ecks posted:

What economic model would you subscribe to.

Socialism.
That doesn't mean there isn't stuff we can learn from other schools, even the goddamed austrians.they're pricks, but Hayek had some pretty good insights on the price information signal.
poo poo, we live under this current hellworld system, gotta know how it works to dismantle it.

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Nothingtoseehere
Nov 11, 2010


punk rebel ecks posted:

What economic model would you subscribe to.

The point is that current widely used macroeconomic models are not fit for purpose because they omit vast important sectors of the 21st century economy and therefore predict known falsehoods. Therefore, we should stop using them as a basis of decisionmaking and research. We don't have more accurate models, and it should be the job of economists to try and develop those, but given we know the current ones are misleading they should be thrown out the window if economics is truly a scientific endeavour.

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