At bottom, the economy that has been constructed over the last few decades is nothing more than a capital accumulation economy. As long as returns on capital exceed returns on labor, then the largest capital holders benefit the most, inequality rises, and wealth becomes more and more narrowly concentrated.1 Labor—including elite la*bor—is inevitably left behind. Marxian thinkers have been analyzing these dynamics for almost two centuries, but they have often misread the political effects of these developments, which play out primarily among the elite managerial class, rather than within the binary of capitalists and proletarians.As long as...
1973 var ett händelserikt år. Efterkrigstidens internationella valutasamarbete Bretton Woods gick i graven och Sverige anslöt sig till valutaormen, Europeiska Gemenskapens, EG:s, valutasamarbetehttps://www.riksbank.se/sv/om-riksba...-gar-i-graven/
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I Sverige hade Bretton Woods-systemet med fasta växelkurser bidragit till en lugn löneutveckling under 1950 och 1960-talen. Med fast växelkurs var det nämligen produktiviteten och inflationen som avgjorde hur mycket exportindustrins löner kunde öka utan att konkurrenskraften urholkades. Nu ökade kraven på kraftiga löneökningar och Sveriges konkurrenskraft minskade avsevärt.
In the wake of the Global financial crisis of 2008, some policymakers, such as Chase and others have called for a new international monetary system that some of them also dub Bretton Woods II. On the other side, this crisis has revived the debate about Bretton Woods IIEtt liknande paradigmskifte i världsekonomin är nu på väg att påverka Världen och samhället. Och bankerna kämpar emot men deras storhetstid är över. I denna ekonomirevolutionära tid finner sig många vilsna medan andra känner att utvecklingen äntligen går åt rätt håll.
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Over the course of the crisis, the IMF progressively relaxed its stance on "free-market" principles such as its guidance against using capital controls. In 2011, the IMF's managing director Dominique Strauss-Kahn stated that boosting employment and equity "must be placed at the heart" of the IMF's policy agenda. The World Bank indicated a switch towards greater emphases on job creation
Krein stated that he identifies himself as a conservative and a nationalist, but absolutely not a white nationalist. He also explained that he was very disillusioned with the Republican Party leadership, and that he felt Reaganomics had been a failure:https://en.wikipedia.org/wiki/Julius_Krein
"To go back to nationalism, the biggest problem is the Republican mindset, the Reaganite mindset that we are all just individuals and let everyone loose to acquire wealth. That hasn't worked. Not only do we have rising inequality, but the people who defend rising inequality say it will lead to more productivity and the pie is going to be bigger blah blah. That hasn't happened, and no one has been willing to look at the deeper problems behind that."
The GOP’s Sinister New Nationalismhttps://fpif.org/the-gops-sinister-new-nationalism/
The party’s assault on “globalists” and “cosmopolitans” pushes against internationalism when it’s needed most.
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In mid-July, a group of putative conservative intellectuals gathered in Washington to confirm a new, nationalist direction for their movement. The conference featured the likes of John Bolton and Tucker Carlson, Peter Thiel, and Julius Krein.
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In this comic reworking of the earlier Soviet tragedy, a key target is not Trotskyism but its distant cousin, neo-conservatism. Many of the neo-conservatives who proved so influential in the 2000s were Jewish — Bill Kristol, Elliott Abrams, David Frum. Some, like Bill Kristol’s father Irving, were once even Trotskyists, which helps to explain their peculiar transmutation of world revolution into global democracy promotion.
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This new turn toward nationalism among American conservatives is troubling for reasons other than its implicit indictment of rootless cosmopolitanism.
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Trump is focusing his revolution in one country. The U.S. president is obsessed with securing the borders and cracking down on “rootless” immigrants. He has repeatedly trafficked in racist rhetoric of the “white makes right” variety. He has heaped scorn on cosmopolitan cities like Baltimore. He is not against Jews per se — witness his strong embrace of Prime Minister Benjamin Netanyahu and Israel more generally — but only a particular kind of Jew, whose allegiance to Israel or the United States might be called into question because of liberal cosmopolitanism. He particularly bristles at Jews who accuse him (or he thinks have accused him) of anti-Semitism.
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But the assault on globalists, on the elite, on financiers like George Soros all push in the same direction: against the internationalism that is in such short supply when it is needed the most.
John Feffer is an author and currently co-director of Foreign Policy in Focus at the Institute for Policy Studies. He is a fellow at the Open Society Foundationshttps://en.wikipedia.org/wiki/John_Feffer
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He is a member of the Democratic Socialists of America
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