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#neoliberalism

1 post1 participant0 posts today
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RaymondPierreL3

@petros @HardBeingGreen @feather1952
Don’t you know? The lower down the economic scale one’s life is positionned, the less of those neoliberal crumbs one gets.

Current economic climate, clothed in its neoliberal boudoir robes, comprises a set of sieves with the coarsest of them at the bottom. Little wonder two third of the world is underfed if not altogether starving to death. There has been urgent needs to purge Thacherism and Reaganism from our economic system since 2008 (in fact before that, but it wasn’t obvious enough to scare the oligarchy).

#Economy#neoliberalism#Thatcherism
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Miguel Afonso Caetano

Tell me about it...

"The real breaking point is fairly simple: the higher up you go at a company, the further you are from problems or purpose. Everything is abstract — the people that work for you, the people you work for, and even the tasks you do.

We train people — from a young age! — to generalize and distance oneself from actual tasks, to aspire to doing managerial work, because managers are well-paid and "know what's going on," even if they haven't actually known what was going on for years, if they ever did so. This phenomenon has led to the stigmatization of blue-collar work (and the subsequent evisceration of practical trade and technical education across most of the developed world) in favor of universities. Society respects an MBA more than a plumber, even though the latter benefits society more — though I concede that both roles involve, on some level, shit, with the plumber unblocking it and the MBA spewing it.

Sidebar: Hey, have you noticed how most of the calls for people to return to the office come not from people who actually do the jobs, but occupy managerial roles? More on that later.

I believe this process has created a symbolic society — one where people are elevated not by any actual ability to do something or knowledge they may have, but by their ability to make the right noises and look the right way to get ahead. The power structures of modern society are run by business idiots — people that have learned enough to impress the people above them, because the business idiots have had power for decades. They have bred out true meritocracy or achievement or value-creation in favor of symbolic growth and superficial intelligence, because real work is hard, and there are so many of them in power they've all found a way to work together.

I need you to understand how widespread this problem is, because it is why everything feels fucking wrong."

wheresyoured.at/the-era-of-the

Ed Zitron's Where's Your Ed At · The Era Of The Business IdiotFair warning: this is the longest thing I've written on this newsletter. I do apologize. Soundtrack: EL-P - $4 Vic Listen to my podcast Better Offline. We have merch. Last week, Bloomberg profiled Microsoft CEO Satya Nadella, revealing that he's either a liar or a specific kind of idiot. The
#Management#Business#Neoliberalism
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RaymondPierreL3

Unfortunately, apart from some notable exceptions, most economists and bankers are still inthralled with neoliberal economic theory and one of its dogma, namely that full employment cause prices to rise and drive inflation. In his latest article, #GregJericho laments the fact. Whereas the #RBA has been focussing on the inflation rate it is charged with keeping under control (within a totally arbitrary 2 to 3% band), now that this has been achieved, it has fallen back into ‘largely unregulated market-driven economics’ and wanting more unemployment.

“Suddenly the RBA has rediscovered that it is supposed to also care about full employment. That might seem good for those looking for work, but unfortunately, the bank view of full employment is that we need more people unemployed. For you see, the RBA continues to obsess about a “tight labour market”. It does this because it believes unemployment of about 4% will probably cause wages to rise and then prices will follow. You would think after nearly three years of being wrong, the bank might start to question its economics. But no.”

The RBA is unlikely to change ‘religion’ anytime soon given that #neoliberalism is the #creed of both sides of politics in Australia. The issue now is what will the RBA do to ensure higher unemployment — bugger the poor sods who cannot find a job, but the credo says they must bear it for the good o the economy — Australia, my friends is ‘beige’ like the rest of the miserable politics around the globe. Is it any wonder #Fascism is on the rise?

Read more: theguardian.com/business/grogo?

The Guardian · You would think after nearly three years of being wrong, the RBA might start to question its economics. But noBy Greg Jericho
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ZNet (unofficial)

The right hates the Postal Service because it's a big, unionized public agency that proves government can actually work—and they can’t stand that. They’d rather privatize it to help corporations profit and weaken worker power.

It’s not about #USPS’s efficiency or viability. It’s about equity and collective good, values that are anathema to predatory #capitalism.

#labor #neoliberalism
znetwork.org/znetarticle/why-t

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RaymondPierreL3

aus.social/@RaymondPierreL3/11

Well, well, well, since I tooted this, the source article has been taken down from the imf.org site.

Seems #Deaton is in a bit of bother with management then.

Does anyone know if the imf.org site has been archived within the last 12 hours or so?

#InternetArchive #IMF #angusdeaton #AntiUnionism #Neoliberalism

[Edited] It’s back on line folks, for all to read the predictable confession of an neoliberal economist

Aus.SocialRaymondPierreL3 (@RaymondPierreL3@aus.social)Well, well, well… Angus Deaton of the International Monetary fund (imf.org) finally coughed it up: “Like most of my age cohort, I long regarded unions as a nuisance that interfered with economic (and often personal) efficiency and welcomed their slow demise. But today large corporations have too much power over working conditions, wages, and decisions in Washington, where unions currently have little say compared with corporate lobbyists. Unions once raised wages for members and nonmembers, they were an important part of social capital in many places, and they brought political power to working people in the workplace and in local, state, and federal governments. Their decline is contributing to the falling wage share, to the widening gap between executives and workers, to community destruction, and to rising populism.” It takes time for boffins and know-it-alls to get the picture. I’m just gald some of them have finally come to their senses. #InUnity #Unionism #Pupulism #Corporatism
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Stephen Elliott~Buckley

@rexbron

Yeah, and these are arbitrary ideological terms of reference for a thing

#CBC should have no ads

All letters should be free, like those we send to Parliament

And we don't define healthcare this way, so fund other integral human services this way

#CanadaPost should have:

- public banking
- charging stations
- community meeting rooms we should book for free
- all the solar panels
- an electric fleet
- district energy systems
- Service Canada/BC/etc. offices

End #neoliberalism!

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LM Little

"Carney has talked of the need “to build things we never imagined, at a pace we never thought possible.” Imagine if this ambitious, nation-building vision wasn’t restricted to the corporate world, but could include enterprises created and owned by all of us collectively." Yep! thestar.com/opinion/contributo

Toronto Star · Linda McQuaig: There’s much talk about building a stronger Canada, but silence about the one strategy that actually workedBy Linda McQuaig
#cdnpoli#corporateCapture#neoliberalism
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