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01.27.11
Posted in Critique of Evolutionary Economy at 12:55 pm by nemo
Econostream != Eonic Sequence: Shouting back at capitalism propaganda, and its ideology of market exploitation.
The success of the right in the ideology of markets game is often hard to understand: it succeeds even in making the exploited revolt against those trying to help, as with the Tea Partiers.
But more than anything the hyped up versions of capitalist ideology seem to leave even the left paralyzed.
Actually, if you look closely even Marx and Engels couldn’t get it straight.
The issue in the post linked above shows the broad outlines of the issue: the dynamics of history (if any) and the question of markets are entirely different.
The question of markets is simple: if they exploit, the exploited have the right to dismanatle them, or make them less exploitative.
The constant hype over the inevitability of markets as natural systems is totally false. They are rigged economic artifices designed to serve the interests of capitalists are criminal enterprises run by the gangster class of Wall Street types, et al.
To repeat the obvious: market systems that exploit are criminal enterprises.
These can be easily made to run right with social democracy, or abolished altogether on the way to socialism.
Permalink
01.21.11
Posted in Critique of Evolutionary Economy at 1:26 pm by nemo
http://www.redfortyeight.com/2011/01/21/eric-hobsbawm-a-conversation-about-marx-student-riots-the-new-left-and-the-milibands/
I bungled the link to this yesterday, so here’s the whole interview over at 1848+.
The emphasis on Marx is good, but not enough. We need to distance ourselves from Marx/Engels, just as they did from the French Socialists, et al., and integrated them all into a new and higher synthesis, sublation in Hegel’s term.
The illusion that toeing the line on Marxism is going to help us is wasting everyone’s time. We should have had an entirely new set of protocols at this point, but instead, we get celebrities like Zizek trying to get us to accept Stalinism and torture. C’mon.
Marx’s Capital is a great classic, but unreadable, and flawed, and leftists are incapable of reading it without a disgusting drool factor that makes its limits impossible to find.
A slight distancing from the whole tradition, and general dialectical negation, and some fresh air into the window. The world is running out of time. The reign of capitalist ideology is increasing at each step, and yet the Marxist left actually loses all arguments here because of its lack of dialectical study (that’s not Hegelian dialectic, but the history of the debate over Marx). The left can’t even argue with Ayn Rand if they won’t critique and revise their critique from Marx. If you can’t handle Ayn Rand you are dog that can’t bark and probably need to put away.
Permalink
Posted in Critique of Evolutionary Economy at 1:01 pm by nemo
Ecological Endgames: A Tyranny of Markets
Marx has confused the left by foisting economic fundamentalism on historical analysis. The point is to see that economics does not explain historical evolution, and that capitalism can degenerate into a pathological condition, created by men, that subjects men to an exploitation that has no status in nature, only in the motives of men.
When market creations are so extreme as to destroy ecologies, seeing their fictional status is essential
Marxists tend to be closet capitalists, and given the evidence of Stalinims, the worst of the lot.
Permalink
01.15.11
Posted in Critique of Evolutionary Economy at 2:22 pm by nemo
Review of ‘The New Road to Serfdom
I was walking through a Borders store today and passed the polit/sci section. Looking at the strange and impoverished selection of rightwing texts (with not a few liberal texts sprinkled throughout) it instantly became obvious what is going on with the Tea Party stupidoes: they are easy to fool and manipulate with a few trashy texts. This glimpse of their bibliography was very helpful: they are transparent Fox News droolers with a few patron saints, like Hayek.
Hayek? In a rural Borders store! It is my fault for not realizing sooner what’s afoot with this bunch of pathetic retards.
Thus the works of Hayek were prominently in evidence, sticking out absurdly next to the trash of the Glen Beck variety.
Hayek’s snob appeal no doubt is enough for these mostly unread books I am sure.
Hayek himself, despite the appearance of smarts, was a third rate Kantian, and his ‘Constitution of Liberty’ won’t last lont taken in that light. His critique of the socialist calculation debate is a cogent challenge, which we have discussed here before: 1. the coming of new technology will sooner or later create the possibility of replacing markets, more or less, with computational systems.
2. Markets left immoral slave systems that tantalize with wealth creationk but change nothing in the end, leaving the victims impoverished. So a partial restriction on markets is the only rational procedure. Hayek’s inability to balance his views, thus as seen now serving to confuse low class idiots from the Tea Party, was an intellectual crime. Surely he must have known better.
A little categorical impishness on the subject of the “Kingdom of Ends’ should be enough to finish off the capitalism mania of Hayek and his ilk. But try telling that to the Palin riffraff. Or, for that matter, the Greenspans, and Sumners’, who certainly should know better, but no doubt were fed sugar at each stage of their educational cooptation, graduating to that brand of higher idiocy so useful for enforcing the gangster logic of Wall Street with the sweet perfume of market models and math. We see the same thing in Darwin indoctrination, very smart people abducted very young, fed sugar at each stage of their ‘Aren’t you smart’ meriotocratic brainwashing, the best material for propagandists…. Cripples even worse than the yokel Tea Partiers who are dumb enough to be confused about their own self-interest.
Permalink
Posted in Booknotes, Critique of Evolutionary Economy at 2:05 pm by nemo
I just reviewed this absurd book at Amazon: The New Road to Serfdom: A Letter of Warning to America
by Daniel Hannan
Edition: Hardcover
Americans have suffered the worst consequences of capitalism because they are systematically deprived of alternatives and informaation about them. Thus this book is typical of the propaganda rushed into service when the reigning paradigm starts to look to a bit thin. Any sensible student of American confusions would do well to read a book like Hill’s The European Promise to see the reality this book is desperate to cover up: that Europe has found a more intelligent way to mix capitalism and Social Democracy, which is not the same as socialism.
You have to wonder if this book is even on the level. The ridiculous echo of Hayek’s ridiculous scare mongering in The Road To Serfdom hides the reality that the American system has nearly destroyed its historic middle class, and yet the Wall Street hyeanas are still not satisfied, perhaps they really intend a new serfdom!
Market mania stupidity has nearly destroyed the great American experiment, even as this confused (or not so confused propagandist), author evidently aware of the Tea Party market on the shelves of rural Borders next to the Glenn Beck selections hopes to rack in the profits from the American stupidoes in the working class susceptible to the upside down tricks of the Wall street gangster circuit, and its alternate branch in the thieves den of the City of London.
Check out:
Europe’s Promise: Why the European Way Is the Best Hope in an Insecure Age
Permalink
01.09.11
Posted in Critique of Evolutionary Economy at 1:38 pm by nemo
http://history-and-evolution.com/whee4th/chap6_3_2.htm
At a time of crisis the left is almost paralyzed by its own confused ideologies and inability to recreate their subject. The festish of commodities created by Marxists out of Marx’s brilliant but flawed theories is holding things back at time when there should be a vibrant and energetic left able to expose the outrageous character of what is happeing in the the USA.
Marx’s analysis of ideology is his great achievement, but his theories are second-rate. The endless posturing over Capital is a waste of time. The book was a botch, that Marx couldn’t finish because he must have realized his theories were wrong.
Forget Marx for a moment, and put him back in the pool of early Socialists from which he sprang.
At the link above you can see how the issue of market ideology and mechanics inside world history can be reduced to a paragraph of theory.
Historical materialism a la Marx is a the biggest piece of theory crude on the market. Who needs it? Every time someone starts to rev up to redefend these theories the right chuckles because they have a small library of critiques which leftists have never read.
Permalink
12.30.10
Posted in Critique of Evolutionary Economy at 1:07 pm by nemo
http://darwiniana.com/2010/12/28/repost-history-vs-markets/comment-page-1/#comment-355524
Richard said,
December 30, 2010 at 12:54 am · Ha Joon Chang’s “23 Things They Don’t Tell You about Capitalism:”
http://www.amazon.com/Things-They-Dont-About-Capitalism/dp/1608191664
Looks good, I just preordered it.
I also just go the book on the history of Tantra you mentioned, will study…
Permalink
12.28.10
Posted in Critique of Evolutionary Economy at 12:18 pm by nemo
The illusion that capitalism drives history is a fallacy that Marx should have exposed, but instead embraced. In many ways, Marx is not the person we thought he was, and his legacy is a subtle obstacle to creating a real left. More on this soon.
————— From yesterday: The right to exit markets
With respect to previous posts today yesterday on market ideology…
In a way Marx confused the issue here, because, just at the moment of liberating thought from economic determinism, he produced ‘historical materialism’ which actually embraced economic laws of history. History is not driven by economics. Period, over and out.
The point here is that markets, economies in general, are subsystems in world history that evolves in a different way as a whole (check out the eonic effect!!!).
Markets are created by men, and too often created by exploitative elites. There is no historical necessity for them, save that they have shown a potential to create wealth. But after creating the great American Middle Class and then destroying it it is surely time for its victims to start saying ‘NO’ to market shibboleths. Men made markets, men can unmake them. That’s why mathematical economics is so misleading: it suggests a set of natural economic laws, that men must submit to. And then they added fake calculus to silence the public completely.
These are fictions, designed to ennare you. They have certainly confused economists.
The basic idea is: there are no absolute economic laws of the market that drive history. Human free will interacts at all points, and can change them as needed. The idea we should absolutely surrender to markets and never intervene is a case of consistency run amok. These systems were created after people like Adam Smith noticed that markets are often more efficient if left alone. OK, but the fetish made from that insight has been a series of monumental distortions.
It is up to you: decide to live in a sane system, not a market driven madhouse. And demand that.
Remember: you have a basic RIGHT to live in a non-market or modified market system that can provide the basics of social democracy. You don’t have to be a plaything of economic elites who use economic ASSHOLES with PhD’s to provide cover.
I am suspcious of Marx, he missed the point at the last moment, and produce a bad theory. We should drop it, and look to his earlier insights into theory and ideology.
Permalink
Posted in Critique of Evolutionary Economy at 12:14 pm by nemo
Popular post: The American public is being exploited by economic pseudo-science, bad journalism, and the conspiracy of Wall Street gangsters, some of them on Obama’s staff.
It is not impossible to balance capitalism and social democracy.
——————————
Just read: Europe’s Promise: Why the European Way Is the Best Hope in an Insecure Age
Steven Hill
I recommnd this book to anyone struggling with the massive doses of economic gibberish flooding the American media. It can help to put the situation into perspective, and as a self-defense against the market ideology that reigns over all public discourse. And it is a false ideology, totally out of control, and made worse by the way smart geekish types like Greenspan et al. promote it oblivious to reality.
Hill’s book shows how the American system has gone astray, and how some form of social democracy can be successful. Unfortunately even the far left is confused here, and cannot bring anything but stale marxism to the table.
You MUST be wary of all public media sources here, ALL of them. There aren’t any that are sane, except possibly the Kuttner brand and its variants which have no infleunce. What is dangerous here is the way Obama has thrown away a priceless opportunity to challenge the market mania, turning out to be a trinagulated mess like Clinton, who is actually getting kudos for being one of the wreckers of the American economy.
All the cable brands are disinformation and unreliable. The gross lies of Fox News are obvious, but the subtle gymnastics of CNN are almost worse in their slyness.
In general, human gullibility is exploited by Darwinism, mathematical economics, market mythologies, and outright lies. If you want to study market economics, go back and start with Adam Smith, who is the least poisonous of this brand, which is backed, to the oblivion of clueless liberals, by the Social Darwinist ideology of Darwinian biological pseudo-science. Liberal intellectuals can get unfooled by market ideology, but Darwinism keeps them enthralled.
Reading Hill’s book makes one wonder what on earth happened to the American populace? Are they too stupid to resist this economic brainwashing? I hope not.
Note (and this the reason far leftists won’t buy into this type of argument): this brand of social democracy in Europe is a creation of conservatives. Conservatives, take note. Why conservatives have been loonies in the USA is a mystery.
Permalink
12.27.10
Posted in Critique of Evolutionary Economy at 2:10 pm by nemo
With respect to previous posts today on market ideology…
In a way Marx confused the issue here, because, just at the moment of liberating thought from economic determinism, he produced ‘historical materialism’ which actually embraced economic laws of history. History is not driven by economics. Period, over and out.
The point here is that markets, economies in general, are subsystems in world history that evolves in a different way as a whole (check out the eonic effect!!!).
Markets are created by men, and too often created by exploitative elites. There is no historical necessity for them, save that they have shown a potential to create wealth. But after creating the great American Middle Class and then destroying it it is surely time for its victims to start saying ‘NO’ to market shibboleths. Men made markets, men can unmake them. That’s why mathematical economics is so misleading: it suggests a set of natural economic laws, that men must submit to. And then they added fake calculus to silence the public completely.
These are fictions, designed to ennare you. They have certainly confused economists.
The basic idea is: there are no absolute economic laws of the market that drive history. Human free will interacts at all points, and can change them as needed. The idea we should absolutely surrender to markets and never intervene is a case of consistency run amok. These systems were created after people like Adam Smith noticed that markets are often more efficient if left alone. OK, but the fetish made from that insight has been a series of monumental distortions.
It is up to you: decide to live in a sane system, not a market driven madhouse. And demand that.
Remember: you have a basic RIGHT to live in a non-market or modified market system that can provide the basics of social democracy. You don’t have to be a plaything of economic elites who use economic ASSHOLES with PhD’s to provide cover.
I am suspcious of Marx, he missed the point at the last moment, and produce a bad theory. We should drop it, and look to his earlier insights into theory and ideology.
Permalink
Posted in Critique of Evolutionary Economy at 1:51 pm by nemo
Just read: Europe’s Promise: Why the European Way Is the Best Hope in an Insecure Age
Steven Hill
I recommnd this book to anyone struggling with the massive doses of economic gibberish flooding the American media. It can help to put the situation into perspective, and as a self-defense against the market ideology that reigns over all public discourse. And it is a false ideology, totally out of control, and made worse by the way smart geekish types like Greenspan et al. promote it oblivious to reality.
Hill’s book shows how the American system has gone astray, and how some form of social democracy can be successful. Unfortunately even the far left is confused here, and cannot bring anything but stale marxism to the table.
You MUST be wary of all public media sources here, ALL of them. There aren’t any that are sane, except possibly the Kuttner brand and its variants which have no infleunce. What is dangerous here is the way Obama has thrown away a priceless opportunity to challenge the market mania, turning out to be a trinagulated mess like Clinton, who is actually getting kudos for being one of the wreckers of the American economy.
All the cable brands are disinformation and unreliable. The gross lies of Fox News are obvious, but the subtle gymnastics of CNN are almost worse in their slyness.
In general, human gullibility is exploited by Darwinism, mathematical economics, market mythologies, and outright lies. If you want to study market economics, go back and start with Adam Smith, who is the least poisonous of this brand, which is backed, to the oblivion of clueless liberals, by the Social Darwinist ideology of Darwinian biological pseudo-science. Liberal intellectuals can get unfooled by market ideology, but Darwinism keeps them enthralled.
Reading Hill’s book makes one wonder what on earth happened to the American populace? Are they too stupid to resist this economic brainwashing? I hope not.
Note (and this the reason far leftists won’t buy into this type of argument): this brand of social democracy in Europe is a creation of conservatives. Conservatives, take note. Why conservatives have been loonies in the USA is a mystery.
Permalink
Posted in Critique of Evolutionary Economy at 1:19 pm by nemo
Christmas Weekend Edition
December 24-26, 2010
CounterPunch Diary
Making the Rich Happy
http://www.counterpunch.org/cockburn12242010.html
By ALEXANDER COCKBURN
Nicely in time for the end-of-year job ratings, President Obama has
crawled from the political graveyard, where only a month ago wreaths were
being heaped around his sepulcher. The Commentariat now gravely applauds
his recent victories in the US Congress: repeal of the Don’t Ask, Don’t
Tell inhibitions on gays in the military; Senate ratification of the new
START treaty on nuclear weapons with the Russians; passage of a $4.3bn
bill ? previously blocked by Republicans – providing health benefits for
emergency rescue workers in the 9/11 attacks of 2001.
Something missing from my list? You noticed? Yes indeed: first and
absolutely foremost, the successful deal with Republicans on taxes, better
described as a $4 trillion gift to America?s rich people, by extending the
Bush tax cuts. With the all-important tax surrender under their belts the
Republicans don?t seem too upset in having allowing Obama?s his mini-swath
of victories. There aren?t too many votes in insisting that 1500 nukes
aren?t enough for Uncle Sam, particularly since Obama did his usual trick
a year ago of surrendering before the battle began, pledging vast new
outlays to the nuclear-industrial-complex. Would it have been that smart
to deny benefits to 9/11 responders or say that gays in the military have
to stay in the closet. Presumably they?ll fight all the more fiercely now
they can stand Out and Proud. On things that really matter, once they
reassemble after the break, the Republicans will probably stay awake,
though with a President who surrenders with the alacrity of Obama,
excessive vigilance probably isn?t necessary.
You give $4 trillion to the rich and they express their thanks in measured
terms. Their hired opinion formers laud the spirit of admirable compromise
enabling responsible members of Congress to come together in
bipartisanship to keep the hogwallow open for business.
True, there are the nay-sayers, the left-leaning tribunes of the people
who say, accurately enough, that the great ?compromise? was, in the
economist Michael Hudson?s words, ?all for the rich? not to promote
stability and recovery? creating new public debt to hand out to the
bankers which future tax payers will spend generations paying off?.
It was a deal of refined cynicism, containing the poison pill of what has
been billed as a generous gesture to working people – a $120 billion
reduction in Social Security contributions by labor ? reducing the rate of
contributions to the Social Security pension fund from 6.2 per cent of
wages to 4.2 per cent. But in fact this is a tripwire, setting up an
onslaught on Social Security a year down the road as underfunded and going
swiftly bankrupt and ready to be auctioned off to Wall Street.
The prime constant factor in American politics across the past six decades
has been a counter-attack by the rich against the social reforms of the
1930s.
Permalink
12.21.10
Posted in Critique of Evolutionary Economy, Evolution at 1:49 pm by nemo
Critique of Evolutionary Economy
Confusing economies and evolution has made scientists misunderstand what evolution is. Part of the problem is that economies are visible, up to a point, while evolution is a process stretching over millions of years, and quite unseen.
Further, economies show design: a market of designing agents!
Permalink
12.20.10
Posted in Critique of Evolutionary Economy, Evolution at 12:46 pm by nemo
Krugman on Zombie Economics
The free-market fundamentalists have been as wrong about events abroad as they have about events in America — and suffered equally few consequences. “Ireland,” declared George Osborne in 2006, “stands as a shining example of the art of the possible in long-term economic policymaking.” Whoops. But Mr. Osborne is now Britain’s top economic official.
And in his new position, he’s setting out to emulate the austerity policies Ireland implemented after its bubble burst. After all, conservatives on both sides of the Atlantic spent much of the past year hailing Irish austerity as a resounding success. “The Irish approach worked in 1987-89 — and it’s working now,” declared Alan Reynolds of the Cato Institute last June. Whoops, again.
But such failures don’t seem to matter. To borrow the title of a recent book by the Australian economist John Quiggin on doctrines that the crisis should have killed but didn’t, we’re still — perhaps more than ever — ruled by “zombie economics.” Why?
Part of the answer, surely, is that people who should have been trying to slay zombie ideas have tried to compromise with them instead. And this is especially, though not only, true of the president.
I think it might help to cut one of the real foundations of zombie economics, Darwinism (itself a bastard offspring of market ideology), and its implications that we are to believe in its tenets as science.
Permalink
12.18.10
Posted in Critique of Evolutionary Economy at 2:17 pm by nemo
Comment on Financial Plunder
Richard
Presidents who are responsible for the debt:
http://www.theatlantic.com/politics/archive/2010/11/where-did-our-debt-come-from/66530/
Permalink
11.26.10
Posted in Critique of Evolutionary Economy at 4:49 pm by nemo
Were You Born on the Wrong Continent?: How the European Model Can Help You Get a Life [Hardcover]
Thomas Geoghegan f
Our idea of the ‘Green Tea Party’ has been a bit sarcastic so far, but only to remain at abstract distance from specifics until understanding arrives. And the latter is completely absent in American public discourse.
It is worth looking at the book cited above, to see how far gone American society has become, and the way in which economic ignorance is maintained by the media and elites. The stupidity coefficient of the Tea Partiers, quite obviously, reflects that. It is not so clear that that everyone else seems to have the same problem.
Permalink
11.22.10
Posted in Critique of Evolutionary Economy at 4:55 pm by nemo
Reading : Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America [Hardcover]
Matt Taibbi
Good expose of the criminal class running the Ameridan economy and the clever way current elites can manipulate their victims to support them.
One aspect of all this, always at all times, beside the economic theories/ideologies is the foundational support of Social Darwinism, based on Darwinism, with its very similar ability to make its victims its true believers.
The dramatic story behind the most audacious power grab in American history
The financial crisis that exploded in 2008 isn’t past but prologue. The stunning rise, fall, and rescue of Wall Street in the bubble-and-bailout era was the coming-out party for the network of looters who sit at the nexus of American political and economic power. Read the rest of this entry »
Permalink
Posted in Critique of Evolutionary Economy at 1:17 pm by nemo
RG mail
http://www.zcommunications.org/a-century-since-hilferding-s-finanz-kapital-again-apparently-a-banker-s-world-by-patrick-bond
A century since Hilferding’s Finanz Kapital — again, apparently, a
banker’s world?
By Patrick Bond
Sunday, November 21, 2010
The power and reach of financial institutions, not to mention the
resulting superprofits, are the source of widespread, often extreme
frustration. Industrialists, small businesspeople, government leaders,
workers, consumers, environmentalists, the Greeks and Irish (and similar
Third Worlders), and indeed all debtors have suffered usurious,
speculative or bailout-related decimation of their resources over the
past thirty years.
Permalink
11.20.10
Posted in Critique of Evolutionary Economy at 3:27 pm by nemo
Comment and booknotes on Japan: http://darwiniana.com/2010/11/20/reconsidering-japan/comment-page-1/#comment-355098
Richard said,
November 20, 2010 at 12:35 pm ·
Holstein on Japan:
“I see it as the clash of two schools of thought in American policy-making circles which includes political leaders, think tanks, economists and leading journalists. Together, these players make up the American decision-making system.
One school wants to believe that Japan is in trouble because it vindicates their ideology of free-markets and other aspects of the Anglo-Saxon form of capitalism that they espouse. Japan has failed because it didn’t embrace their views. As a corollary, the only thing that needs to be done to get the American economy back on track is to “fix” the issue of China’s currency. Then everything will be fine. (The debate about China’s currency is so reminiscent of the debate about the yen. In the final analysis, we all recognized that driving up the value of the yen did not really “fix” the Japan problem. So it’s a reflection of intellectual bankruptcy to think that the solution of U.S. economic woes is to revalue the renminbi. Peter Morici, the economist, is the leading voice making this argument. He is wrong.)
The other school, obviously including myself, argues that America faces deep structural problems brought about partly by mistakes in how we have governed ourselves for three decades. This embarrasses the people who were responsible for making bad decisions, or not making good decisions.”
http://williamjholstein.com/blog/index.php/blog/archive/why_the_japan_debate_is_key/
I will try and get this book. /nemo
Permalink
11.18.10
Posted in Critique of Evolutionary Economy, Evolution at 2:04 pm by nemo
http://darwiniana.com/2010/11/18/article-japan-refutation-of-neoliberalism/
Check out the link to the post from yesterday on the ‘computer question’ on markets. We will get back to that issue soon. The article on Japan is also good.
We are so propagandized by economic and Darwinian ideology that we can think properly about any of these issues.
The American system especially has gone whacko. The class warfare is going viral and the elites are so irrational they see no problem in destroying the middle class, a creation of two centuries. That’s beyond belief. You have a right to say, ‘no more’, to these manipulations. We need to study the German and Swedish examples: capitalism can actually work if the approach is half-way intelligent.
Don’t believe anything any of these people say about Darwinism or market capitalism.
Permalink
Posted in Critique of Evolutionary Economy at 1:53 pm by nemo
Comment on Market economies are obsolete, time for some computational socialism
Gook link from Richard: worth reading this article.
Richard said,
November 17, 2010 at 2:44 pm · Check out Robert Locke’s essay, “Japan, Refutation of Neoliberalism:”
http://www.paecon.net/PAEReview/issue23/Locke23.htm
Japan, Refutation of Neoliberalism
Read the rest of this entry »
Permalink
11.17.10
Posted in Critique of Evolutionary Economy at 1:32 pm by nemo
OK, some bad news for market freaks, Ayn Randers, and just about everyone on Wall Street.
Economics and Utopia: Why the Learning Economy is Not the End of History (Economics as Social Theory) [Paperback]
Geoffrey M Hodgson
I finally got a hold of this book (most university libraries have a copy), which I looked at/speed read ten years ago in a bookstore: I was trying to recall the reference to a book, and the names of the authors: Cockshott and Cottrell, who proposed a solution to the old socialist calculation debate based on computers. The issue of computer speed was a negative in the seventies and eighties, but, by golly, we are getting there.
If Google’s petabytes of ram can answer so many planetary queries all at once, the market clearing mechanism can surely soon be replaced with computational substitutes. In fact the mathematics of linear algebra and sparse matrices enters both subjects. Hodgson has nice discussion of this, which I will go into in further posts:
Th 1977 Soviet economy with a mere 12 million commodities would involve inversion of a matrix with twelve million rows and columns, no mean feat (the original guesswork was overoptimistic).
Given the way computers are developing the idea of a socialized substitute for markets is starting to look viable in the approaching future.
Be advised. The ideological crap ad infinitum about markets will soon sound hollow. Very hollow
Hollow enough for ‘sansculotte’ geeks with compsci degrees to get ready to man the barricades in Washington. Off with their reactionary beltway heads.
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11.11.10
Posted in Critique of Evolutionary Economy at 4:50 pm by nemo
Econostream != Eonic Sequence
The fallacy of market ideology lies in the way that economists (propagandists for those markets) imply a set of ‘laws of economic function’ to which we must submit as if they were laws of nature. They are nonesuch, rather, creations of market elites who want us to submit to their arranged game. These elites are market gangsters and the economists (almost the world’s oldest profession) their willing whores, cheap tricks to boot.
There are no laws of nature to which we must submit. We can stand beyond markets, a free citizens in a society that may, or may not, have markets inside them. Whatever the case, the dynamics of society are larger than the dynamics of markets, which are a kind of statistical coup d’etat by the market gangsters.
Zombies all
Guess what, you can switch off the markets inside civil society. Not easy, but nothing in nature prevents you from taking society back.
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Posted in Critique of Evolutionary Economy at 2:49 pm by nemo
Reading: Zombie Economics: How Dead Ideas Still Walk among Us
John Quiggin
Important book, especially now when zombie economics is rampant. The bilge factor in media discussions of the economy needs this kind of expose.
Read!
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11.08.10
Posted in Critique of Evolutionary Economy, Evolution at 3:55 pm by nemo
Theory and Ideology: Das Adam Smith Problem
Darwinism is a suspicious replay of the confusions that beset economic theory/ideology, in the wake of Adam Smith
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11.03.10
Posted in Critique of Evolutionary Economy, General at 1:31 pm by nemo
http://history-and-evolution.com/whee4th/chap6_3_2.htm: Econostream != Eonic Sequence
If the current period shows anything it is that the damage done by Darwinism, its Social Darwinism, and Economic Stupidity, aka market ideology made ‘science’, is almost a terminal case of culture cancer. Maybe something can be done. But the ambiguity of liberalism requires a meta-capitalist critique.
That was a no brainer fifty years ago, but now…?
Is it over when its over?
It’s over: noone is required to live in a system that is run to exploit them on a treadmill of economic deceptions.
Obvious fifty years ago. But after sixty years of televions the Great American Moron is going to a a lost cause, or not?
Anyway, Econostream != Eonic Sequence
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10.21.10
Posted in Critique of Evolutionary Economy at 3:04 pm by nemo
http://darwiniana.com/2010/10/20/frankly-i-am-sick-of-historical-materialism-crap-from-the-left/
This post from yesterday on Marx’s historical materialism needs to be understood. Marx, like Obama, talked a good game, but when the chips were down played the economics game with almost more intensity than most capitalists. He is saying that economics determines the dynamics of history.
But that view completely overplays the issue of economic systems, which can be modulated, turned off, reshaped, or whatever. So Marx’s theory is part of the problem, not the solution. More on this later, but the impotence of the left here is partly the result of being mesmerized by Marx, who should have been recast a long time ago, from the left. The point, then, is that the dogma of historical materialism preaches a subtle sense of impotence confronted with economic systems, a false a subtly compromised view.
More on Obama: The Mendacity of Hope
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10.18.10
Posted in Critique of Evolutionary Economy at 11:19 am by nemo
High-Tech Hogwash
What’s wrong with Silicon Valley libertarianism?
Thiel’s belief system is a mixture of unapologetic selfishness and economic Darwinism. In a personal statement produced last year for the Cato Institute, he announced: “I no longer believe that freedom and democracy are compatible.” The public, he says, doesn’t support unregulated, winner-take-all capitalism, and so he won’t support the public any longer. “Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women—two constituencies that are notoriously tough for libertarians—have rendered the notion of ‘capitalist democracy’ into an oxymoron,” he writes. If you want to go around saying that giving women the vote wrecked the country and still be taken seriously, I suppose it helps to hand out $100 bills.
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