Steve Keen on Post-Neoclassical Economics Teaching and Research

A re-recorded version of a talk given at a “Rethinking Economics” conference in Bologna, on Post-Neoclassical economics teaching and research:



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The “Highest” Stage of Neoliberal Capitalism

Lenin was wrong about imperialism being the highest stage of capitalism.

Instead, we are seeing the highest stage of neoliberal capitalism playing out all over the Western world right now, and here is the BBC doing us all a tremendous service by describing it, as advocated by a non-executive chairman of Goldman Sachs International and a UN special representative for migration:

Brian Wheeler, “EU should ‘undermine national homogeneity’ says UN Migration Chief,” BBC News, 21 June 2012.

The highest stage of neoliberal capitalism is the quite explicit drive for the demographic replacement of the peoples of the developed capitalist Western world.

Neoliberalism and Neoclassical economics place no value on national identity, or social and cultural cohesion, whether of working class people nor of whole nations. Hence the utter insanity being pushed today, as also advocated here by Noah Smith.

Funny how Marxists aren’t interested in analysing, discussing or acknowledging this.

Because many Western nations have fertility rates below replacement levels, Neoliberals want massive levels of immigration to prevent a falling population, not to mention more and more low-wage workers for capitalist exploitation, and no doubt other Neoliberals and corporate capitalists will love such labour as they use it to smash the high wages and labour rights of workers.

But that logically requires the destruction of the cultural and ethnic homogeneity of pretty much all Western nations, and the Neoliberal advocates of this don’t even bother to hide that this must be the consequence of their policies.

But why should native Europeans be in favour of their own dispossession and demographic replacement? (even if it did have, economically speaking, benefits, which is doubtful.)

And for that matter why on earth should any people – say, for example, the Japanese – be in favour of such a thing even if they did have a low birth rate?

Wouldn’t it be better to try much more radical means to raise the birth rate to replacement levels before destroying the national identities of nation after nation, or attempting insane social engineering experiments not seen since the disaster of Lysenkoism in Soviet Russia?

And this is all, once again, proof of the straightforward point about free market capitalism as argued by Ha-Joon Chang:

“Wages in rich countries are determined more by immigration control than anything else, including any minimum wage legislation. How is the immigration maximum determined? Not by the ‘free’ labour market, which, if left alone, will end up replacing 80–90 per cent of native workers with cheaper, and often more productive, immigrants. Immigration is largely settled by politics. So, if you have any residual doubt about the massive role that the government plays in the economy’s free market, then pause to reflect that all our wages are, at root, politically determined.”
Chang, Ha-Joon. 2011. 23 Things they Don’t Tell you about Capitalism, Thing 1: There is no such thing as a free market

The most crippling and disgusting problem with the Left today is that there is no left-wing moment willing to oppose open borders capitalism and the destruction of the national identities of Europeans.

On the contrary, most of the Left is vehemently in favour of these policies, even though its more radical wing prides itself on opposing the excesses of free market capitalism. But why is this?

The Left has simply been taken over by the quasi-religious obsession with multiculturalism, Third Worldism, quasi-Marxist internationalism, and what can only be described as a toxic racial hatred of European people and the very idea that European people should have majority homelands in which they survive as a majority to preserve themselves and their culture.

At the same time, it is unlikely that these leftists in question would deny those rights of national homelands and national identity to non-European people all over the globe. Why, for example, don’t most Leftists call for massive diversity in Tibet, China, Japan, Korea, India, Africa, Indonesia, or Saudi Arabia?

Michael Norman for President!

Here:



Sounds great to me.

My own feelings on American politics are: imagine if the Left had a billionaire (as Trump was) but to run as a Democratic party candidate with an MMT program. As much as I like Bernie, he was for many people tainted by his Marxist past.

But imagine a rich, successful charismatic businessman who could push a left Keynesian program and say, “look, this is good for capitalism and the middle class!,” but at the same time have a quiet but sane policy on immigration, and not be some crazy Cultural Leftist, but instead focus mainly on economics.

I bet such a candidate would crush all those Neoliberal Democratic shills. That would be truly something.

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Stephen Cohen on the Latest Anti-Russian McCarthyite Hysteria

Sane analysis of the latest phase of this hysterical nonsense:



Cohen brings up this acutely relevant point: back in 2016, Obama pushed for a ceasefire agreement in Syria and even a policy of coordinating with the Russian military against Islamic State and Nusra Front forces, and even a plan for a “Joint Integration Center” (JIC) for both US Russian military cooperation.

Such cooperation with Russia in Syria was, more or less, what Trump promised in 2016.

So why wasn’t Obama accused of being a Russian agent and of “collusion” with Russia in 2016?

But, curiously, Obama’s policy in 2016 seems to have been sabotaged on 17 September that year when US military figures ordered the Deir ez-Zor airport raid, a series of 37 US-led coalition airstrikes near the Deir ez-Zor Airport in eastern Syria, which ended up killing about 100 or so Syrian soldiers and an emergency UN security council meeting and an end to the ceasefire. The US-Russian detente immediately collapsed.

See the analysis here of the whole episode.

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Noam Chomsky on the Trump-Russia Collusion Nonsense

Liberals and leftists, take note:



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The US H-1B Visa Scam

Virtually the whole program is a case of vicious class war but against middle class people too:



If it were really the case that H-1B visas are just a program to import immigrants to do jobs Americans cannot do, then there wouldn’t be so much evidence of employed people being forced to train their own H-1B replacements and then fired.

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The Free Market Final Solution to the Western World

Just look at what US Republican politicians are planning for America:

Neil Munro, “Two GOP Legislators Propose American Replacement Bill, Plus Amnesty,” Breitbart, 4 May 2017.

These Republican scumbags want to “annually import 500,000 foreign blue-collar workers and white-collar professionals to replace Americans who have fallen out of the workforce and into drug addiction,” all justified with the usual outrageous nonsense that people don’t want to work or that they can’t find Americans to work at their miserable slave labour wages.

And how many years will this go on for? 20 or 30 years? 50 years? 100?

This is free market fanaticism at its most vicious and grotesque depths of inhumanity.

The long-suffering working class and even middle class people of America have been assaulted for decades with Neoliberalism – and its hideous program of austerity, free trade, outsourcing of manufacturing and service jobs, real wage stagnation, debt slavery, and the unending program of Third World mass immigration to lower wages and replace American workers.

And now these GOP legislators are openly, unashamedly, viciously proving that the actual outcome of a movement towards free markets is absolutely the following scenario:

“Wages in rich countries are determined more by immigration control than anything else, including any minimum wage legislation. How is the immigration maximum determined? Not by the ‘free’ labour market, which, if left alone, will end up replacing 80–90 per cent of native workers with cheaper, and often more productive, immigrants. Immigration is largely settled by politics. So, if you have any residual doubt about the massive role that the government plays in the economy’s free market, then pause to reflect that all our wages are, at root, politically determined.”
Chang, Ha-Joon. 2011. 23 Things they Don’t Tell you about Capitalism, Thing 1: There is no such thing as a free market

“… the living standards of the huge majority of people in rich countries critically depend on the existence of the most draconian control over their labour markets – immigration control. Despite this, immigration control is invisible to many and deliberately ignored by others, when they talk about the virtues of the free market.”
Chang, Ha-Joon. 2011. 23 Things they Don’t Tell you about Capitalism, Thing 3: Most people in rich countries are paid more than they should be.

If we in the West don’t get severe immigration control quickly, we are going to be demographically replaced and reduced to the level of the Third World. And then when those immigrants have been economically and socially destroyed by free markets or their wages get too high, the Neoliberal rulers of the West will presumably just import even more.

And where is the Left on this issue? Where are all these spineless, worthless, left-wing and Liberal people who claim to be in favour of the working class and labour rights?

I see hardly anybody willing to talk about this, nor willing to make the case that mass immigration is the last fraud of Neoliberalism, which it most certainly is, and this is before we even get to the terrible social and cultural problems associated with it.

And, on the contrary, I see many people on the Left who are fanatical, delusional, hardcore supports of the same endless mass immigration policies or even total open borders, only justified with the demand for multiculturalism or refugee rights, but whose effect – if not intention – is exactly the same as the hardcore free market fanatics.

This is a major reason why so much of the Left is morally bankrupt, and certainly doesn’t deserve political power any more than the free market Conservatives do.

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