Tuesday, October 21, 2014

Neo-Liberals to Bill Mitchell: "Let Them Eat Snake-Oil" (but that don't make no sense!)

   (Commentary posted by Roger Erickson)


In his latest blog, Bill Mitchell reviews data which does NOT support the std presumption of Neo-Liberals, i.e., that there is a "skills mismatch" leaving dynamic capitalists with jobs to fill, but no "employable" peasants to hire.

Overwhelming data indicates that there are not enough buyers to induce more production. Diners can't eat more when their belt is too tight. And vendors can't sell when main street buyers aren't allowed liquidity units to buy with. There's more to banking than just hoarding currency past the point of social utility. Fiat currency supply is supposed to automatically FOLLOW aggregate demand, and NOT be a tool for suppressing it. Is anti-fiat in our dictionary yet?
US labour market beset by massive job shortages
The Neo-Liberals claim the public is unfit to use it's own initiative?

How convenient, when those same oligarchs have maladaptively laid claim to the vast majority of our present capital - static, dynamic, human or otherwise - while also spouting an unending stream of dire messages warning us not to express any more Public Initiative, aka, fiat.

Marie Antoinette might be personally proud of their defiance, but I can't for the life of me understand WHY Marie or the present Neo-Liberals see any evolutionary logic in their own behaviors.

History suggests that it will not be kind to either flavor of venal hoarder, whether Aristocratic or Neo-Liberal.

These people are a mistake that's already happened. We can't gain by letting them or us just sit on the static measures of our Public Initiative. A culture sitting on it's collective butt is going nowhere. Especially if it's entire purpose for it's inactivity is to "save initiative." As any peasant would tell you, "that don't make no sense."

What kind of idiot truly believes that we as a people can run out of public initiative, aka, fiat, denominated as fiat currency units? Can math students run out of numerals? Can atoms run out of photons or bosons to exchange?

If the Neo-Liberals aren't that dumb, then they're that criminal, for trying to promote an idea that even they don't believe.

Either way, why on Earth does an electorate possessing so much American ingenuity put up with such idiocy?

We the people can make as much lunch as we want. We merely need Desired Outcomes worthy of our distributed talents. If we just continuously express our growing, distributed initiative, then even the 1% can't continue eating our lunch forever. They'll simply burst - or at least fail to capture it all.

They're already hoarding obscene amounts which are close to killing them just with the stress of guarding it.

And then they have the audacity to tell us that WE must cut back public initiative, so that their hoard of our initiative won't "decrease in value." Maybe exorcists could convince us to stop our head-spinning attempts to swallow their snake-oil logic?

Just what the hell is the Neo-Liberal measure of adaptive value? They can sit on all the static and dynamic assets they want. The only outcome is that they'll soon die with fat asses and sclerosed semi-brains.

Such brains are already obsolete. The rest of us just have to start acting like owners of our own Public Initiative, and find some Desired Outcomes (Public Purpose) that has more meaning than simply over-feeding Neo-Liberals waxing fat on dumb.

Let them choke on their snake-oil.



2 comments:

Tom Hickey said...

Joni Ernst, GOP candidate for Tom Harkins' vacated senate seat is saying that Americans have to learn to become more self-sufficient. She believes the way to teach "self-sufficiency" is to reduce welfare spending so people will have to generate their own incomes without "dependency".

The idea is that this will either increase entrepreneurship or force the unemployed to accept more "flexibility" in wage demands instead of being too choosy because they have a "dependency" cushion.

This is the standard GOP line about how to solve the employment issue.

Roger Erickson said...

Forget about illegal immigrants.

To make better citizens, we should throw all our kids outside our borders?

THAT is GOP logic?


And don't get me started on Dem logic: "We should sign them all up with Citibank accounts, and let them develop credit by paying down a student loan debt."