NEWSLETTER
Wednesday, June 18, 2025
The Novum Times
No Result
View All Result
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle
No Result
View All Result
The Novum Times
No Result
View All Result

2:00PM Water Cooler 8/1/2023 | naked capitalism

by The Novum Times
1 August 2023
in Economy
Reading Time: 2 mins read
A A
Home Economy
Share on FacebookShare on TwitterShare on Whatsapp


About Lambert Strether

Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the “ism” that delivers the benefits, although whichever one does have to put common humanity first, as opposed to markets. Could be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t much care, as long as the benefits are delivered.
To me, the key issue — and this is why Medicare for All is always first with me — is the tens of thousands of excess “deaths from despair,” as described by the Case-Deaton study, and other recent studies. That enormous body count makes Medicare for All, at the very least, a moral and strategic imperative. And that level of suffering and organic damage makes the concerns of identity politics — even the worthy fight to help the refugees Bush, Obama, and Clinton’s wars created — bright shiny objects by comparison. Hence my frustration with the news flow — currently in my view the swirling intersection of two, separate Shock Doctrine campaigns, one by the Administration, and the other by out-of-power liberals and their allies in the State and in the press — a news flow that constantly forces me to focus on matters that I regard as of secondary importance to the excess deaths. What kind of political economy is it that halts or even reverses the increases in life expectancy that civilized societies have achieved? I am also very hopeful that the continuing destruction of both party establishments will open the space for voices supporting programs similar to those I have listed; let’s call such voices “the left.” Volatility creates opportunity, especially if the Democrat establishment, which puts markets first and opposes all such programs, isn’t allowed to get back into the saddle. Eyes on the prize! I love the tactical level, and secretly love even the horse race, since I’ve been blogging about it daily for fourteen years, but everything I write has this perspective at the back of it.



Source link

Tags: 200PMcapitalismCoolernakedWater

Related Posts

Join the Quiet Revolution: Civility

Join the Quiet Revolution: Civility

by The Novum Times
10 November 2023
0

When Alexandra Hudson took a job at the Department of Education in Washington, D.C., she found herself faced with two...

inflation wasn’t caused by too much money

inflation wasn’t caused by too much money

by The Novum Times
10 November 2023
0

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to...

The Fed’s Bank Capital Three-Card Monte: Undermines Tighter Rules by Allowing Synthetic Risk Transfers to Famed Hedge Fund Bad Actors Like Magnetar, Ares

The Fed’s Bank Capital Three-Card Monte: Undermines Tighter Rules by Allowing Synthetic Risk Transfers to Famed Hedge Fund Bad Actors Like Magnetar, Ares

by The Novum Times
9 November 2023
0

The Fed isn’t acting as if its heart is in taking regulation bank regulation seriously. Not that that is any...

Nobody Knows Anything, 2023 Polling Edition

Nobody Knows Anything, 2023 Polling Edition

by The Novum Times
8 November 2023
0

  I haven’t been paying much attention to the 2023 election cycle, other than getting annoyed at all the silly...

Ask and You May Receive

Ask and You May Receive

by The Novum Times
8 November 2023
0

On Friday, October 27, just before I was to head east for the Mont Pelerin Society meetings in Bretton Woods,...

Next Post
Ukraine summons Polish ambassador over ‘unacceptable’ comments about gratitude – POLITICO

Ukraine summons Polish ambassador over ‘unacceptable’ comments about gratitude – POLITICO

26 COOL Places to Visit in the US

26 COOL Places to Visit in the US

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • China
  • Cryptocurrency
  • Economy
  • Entertainment
  • Europe
  • Gossips
  • Health
  • India
  • Lifestyle
  • Mental Health
  • Middle East
  • News
  • Opinions
  • Politics
  • Sports
  • Technology
  • Travel
  • United Kingdom
  • USA

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • China
  • Cryptocurrency
  • Economy
  • Entertainment
  • Europe
  • Gossips
  • Health
  • India
  • Lifestyle
  • Mental Health
  • Middle East
  • News
  • Opinions
  • Politics
  • Sports
  • Technology
  • Travel
  • United Kingdom
  • USA

Browse by Tag

Biden Bitcoin Business Canada case Channel China court Cup day dead deal Death Diplomat free global Health Home India Jammu Kashmir killed latest Life Live man National News NPR people Police POLITICO Russia South Time Times Top Tourism Trump U.S UAE Ukraine war world Years
  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2023 Novum Times.
Novum Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle

Copyright © 2023 Novum Times.
Novum Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In