we’re constantly getting bombarded by articles written by the priests of capitalism that tell us the economy is doing fine, while we know everything is getting worse. therefore, the economy has nothing to do with the way ordinary people are doing. the economy is doing well when capitalists are making a lot of money, and paying wages takes money away from them. therefore, wages are bad for the economy.
“The economy” is a nebulous term, like “the environment”. Looking at it from the perspective of workers, a high-wage economy is a good economy. From the perspective of capitalists, a high-growth economy is good. There’s no objective measure of what a good/bad economy is, and if we allow capitalists to dictate the terms of what a “good economy” is then the left will continue to be pushed out of economic discussions, to the detriment of workers.
I’m tired of this defeatist argument. There are plenty of leftist economists. Yes they’re sidelined, but without anyone arguing coherently for a left-wing economic vision, it’s going to stay that way.
Care to explain? I’ve never heard that one before.
we’re constantly getting bombarded by articles written by the priests of capitalism that tell us the economy is doing fine, while we know everything is getting worse. therefore, the economy has nothing to do with the way ordinary people are doing. the economy is doing well when capitalists are making a lot of money, and paying wages takes money away from them. therefore, wages are bad for the economy.
“The economy” is a nebulous term, like “the environment”. Looking at it from the perspective of workers, a high-wage economy is a good economy. From the perspective of capitalists, a high-growth economy is good. There’s no objective measure of what a good/bad economy is, and if we allow capitalists to dictate the terms of what a “good economy” is then the left will continue to be pushed out of economic discussions, to the detriment of workers.
the left has already been pushed out of economic discussions
I’m tired of this defeatist argument. There are plenty of leftist economists. Yes they’re sidelined, but without anyone arguing coherently for a left-wing economic vision, it’s going to stay that way.