With the scrapheap looming, can the PMC belatedly pull its head in and forge an alliance with the class it’s spent half a century throwing under the bus?
Good point - maybe there's hope for me and my peers after all, especially if the 0.1% need people to convince the 99.99% that they've never had it so good!
Props to putting Keynes above Hayek. The real harm to this country is the neoliberal mind set that Hayek was the godfather of and was which of course was ushered in by Conservatives on both sides of the Atlantic: Reagan and Thatcher. You nail it:
The Boomer PMCers, in all their wisdom, dismantled the post-war Keynesian architecture and replaced it with devil-take-the-hindmost, largely unrestrained capitalism. Ever since, PMCers (Boomer and otherwise) have been throwing the lower orders under the bus economically while sneering at them culturally.
So, it’s difficult to fault globalisation’s losers for hating the smug, self-interested and endlessly self-congratulatory winners. Frankly, I’m surprised it took them so long to start electing populists and rioting in the streets over immigration. Things would have undoubtedly gotten much more Bader-Meinhoffy much more quickly if it had been the PMC seeing the value of its labour being arbitraged away by the political class at the behest of their donor class.
Yes and if we continue to screw ordinary workers, we could see some Bader - Meinhoff action! We have a robust second amendment after all....
The US is kind of out of phase with the UK. In the US they are rioting in the streets about deportment, NOT immigration, and they are not happy about the fake populist they elevated to the presidency. The UK has another big advantage over the US: we can't kick out Trump like Liz Truss!
I’d just add a quick note: we have to remember that the trente glorieuses also followed a Pareto distribution. That golden era was largely confined to the 20% of the world’s population living in the Global North during the three post-war decades. The rest of the world got diddly-squat, and were carved up in post-colonial resource grabs by the old imperial powers and the new sheriff in town: the USA.
Well, I'm glad you liked it, Ramiro - it got less than a tenth of the views of its predecessor. (But such is Substack life, I guess.)Yes, you are once again correct - life was a lot better in the Anglosphere and Western Europe in the post-war decades than it was elsewhere.
I wrote not so long ago about the Neo-liberal epoch going through a mid-life crisis. And like all mid-life crises, it eventually resolves: by either addressing it and making structural life changes, or by buying a new sports car. We'll see how this one goes.
Good point - maybe there's hope for me and my peers after all, especially if the 0.1% need people to convince the 99.99% that they've never had it so good!
Props to putting Keynes above Hayek. The real harm to this country is the neoliberal mind set that Hayek was the godfather of and was which of course was ushered in by Conservatives on both sides of the Atlantic: Reagan and Thatcher. You nail it:
The Boomer PMCers, in all their wisdom, dismantled the post-war Keynesian architecture and replaced it with devil-take-the-hindmost, largely unrestrained capitalism. Ever since, PMCers (Boomer and otherwise) have been throwing the lower orders under the bus economically while sneering at them culturally.
So, it’s difficult to fault globalisation’s losers for hating the smug, self-interested and endlessly self-congratulatory winners. Frankly, I’m surprised it took them so long to start electing populists and rioting in the streets over immigration. Things would have undoubtedly gotten much more Bader-Meinhoffy much more quickly if it had been the PMC seeing the value of its labour being arbitraged away by the political class at the behest of their donor class.
Yes and if we continue to screw ordinary workers, we could see some Bader - Meinhoff action! We have a robust second amendment after all....
The US is kind of out of phase with the UK. In the US they are rioting in the streets about deportment, NOT immigration, and they are not happy about the fake populist they elevated to the presidency. The UK has another big advantage over the US: we can't kick out Trump like Liz Truss!
Another great post!
I’d just add a quick note: we have to remember that the trente glorieuses also followed a Pareto distribution. That golden era was largely confined to the 20% of the world’s population living in the Global North during the three post-war decades. The rest of the world got diddly-squat, and were carved up in post-colonial resource grabs by the old imperial powers and the new sheriff in town: the USA.
Well, I'm glad you liked it, Ramiro - it got less than a tenth of the views of its predecessor. (But such is Substack life, I guess.)Yes, you are once again correct - life was a lot better in the Anglosphere and Western Europe in the post-war decades than it was elsewhere.
I wrote not so long ago about the Neo-liberal epoch going through a mid-life crisis. And like all mid-life crises, it eventually resolves: by either addressing it and making structural life changes, or by buying a new sports car. We'll see how this one goes.
I'd love to hear what you think about it:
https://open.substack.com/pub/writerbytechnicality/p/its-here?r=3anz55&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
I was impressed enough to subscribe! Keep up the good work.
Thanks, Nigel. That means a lot to me!
i was watching old Noam Chomsky videos last night ....yeah thats what i do:P
if all PR and marketing professionals are gone - who & what "manufactures consent " ?