tag:blogger.com,1999:blog-6245381193993153721.post5666606123267746794..comments2024-03-28T17:08:15.784-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Dean Baker on Trump and TradeLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6245381193993153721.post-80147495621732198282017-02-26T03:33:45.314-08:002017-02-26T03:33:45.314-08:00In germany and japan manufacturing is still manufa...In germany and japan manufacturing is still manufacturing and people atill have their jobs.<br /><br />Just high tech firms is not manufacturing as well as software engineering is not manufacturing.disequilibriumhttps://www.blogger.com/profile/09760922141392402211noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-85147788127481667092017-02-25T12:59:07.130-08:002017-02-25T12:59:07.130-08:00Worth pointing out a quote from a John Harris piec...Worth pointing out a quote from a John Harris piece in the Guardian today about the by election in Stoke from the Stoke North MP. <br /> "I’ve got thriving industry in my constituency: hi-tech, big factories. They have a smaller footprint than they did in the past." That's jobs guys...the manufacturing is still there the jobs aren't or more to the point of how manufacturing used to be. Manufacturing isn't stuck in the 20th Century, the thinking still is by Trump and also Sanders is guilty of it.<br /><br />Andy Blatchfordhttps://www.blogger.com/profile/05196261322445607791noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-55153118465698936142017-02-25T05:45:34.818-08:002017-02-25T05:45:34.818-08:00Speaking about that, any plan to do a post or seri...Speaking about that, any plan to do a post or series on the Basic Income V/S Job Guarantee issue, LK?Rodnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-89880327392707166102017-02-25T05:13:55.342-08:002017-02-25T05:13:55.342-08:00Reswitching is sraffa not kalecki sorry.
https://...Reswitching is sraffa not kalecki sorry.<br /><br />https://en.m.wikipedia.org/wiki/Cambridge_capital_controversydisequilibriumhttps://www.blogger.com/profile/09760922141392402211noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-18046592448840687082017-02-25T05:10:53.481-08:002017-02-25T05:10:53.481-08:001.factories will be automated partially true
2.bu...1.factories will be automated partially true<br /><br />2.but as you know if there is not enough consumption of goods there is no point to produce additonal goods and there is no point in further investment (and then you have a situation of deficent demand and economic crisis).<br /><br />3.in this case you can subsidize wages with deficit spending by wage targeting (10 cents for every dollar of wage a person earn 20 cents for every dollar of wage 150 cents for every dollar of wage and ).<br /><br />As i already explained you before.<br /><br />In this case you can insure that the distortion of reswitching (explained by kalecki) will be overcomed and labour will always be cheap enough in order to insure full employment.<br />disequilibriumhttps://www.blogger.com/profile/09760922141392402211noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-38842331477650527482017-02-25T03:28:19.721-08:002017-02-25T03:28:19.721-08:00To all the fatalists of automatisation the questio...To all the fatalists of automatisation the question should be: Who will buy the products from automated production? Where's the aggregate demand coming from? Will the products be (almost) for free? Is humanity going to produce for extraterrestial life? Or sacrifice the surplus production to the Gods (of capitalism)? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-78828431781062239222017-02-25T02:26:48.155-08:002017-02-25T02:26:48.155-08:00No it won't. The factories come back robotised...No it won't. The factories come back robotised and automated. You'll make the stuff in the currency area, but employ very few.<br /><br />That is the reality of modern manufacturing - more so if labour is relatively expensive. NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-15623568144121337112017-02-25T02:02:06.360-08:002017-02-25T02:02:06.360-08:00I think protection might bring back some reasonabl...I think protection might bring back some reasonably well paid manufacturing jobs, but over time many of these will inevitably replaced by automation. In he longer term, Neil is right to suggest that the state will have to look at becoming an employer of last resort (ELR) as proposed by Pr Bob Mitchell.<br />.jingelichttps://www.blogger.com/profile/09998585247772423235noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-92019191153633175702017-02-24T10:01:42.285-08:002017-02-24T10:01:42.285-08:00mixed with wage targeting through deficit spending...mixed with wage targeting through deficit spending of course it willdisequilibriumhttps://www.blogger.com/profile/09760922141392402211noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-46328869594340232762017-02-24T05:05:32.608-08:002017-02-24T05:05:32.608-08:00"“there is considerable truth to what … [Trum..."“there is considerable truth to what … [Trump] has said about trade costing a large number of good paying manufacturing jobs,”"<br /><br />He is, but as Mark Blyth points out reversing that trend isn't going to bring them back. <br /><br />It's the usual crap from Baker - let's do anything other than let the government hire the spare resources and pay them. <br /><br />NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com