Comments on: The movement to replace neoliberalism is on the ascendency – where should it go next? https://neweconomics.opendemocracy.net/movement-replace-neoliberalism-ascendency-go-next/?utm_source=rss&utm_medium=rss&utm_campaign=movement-replace-neoliberalism-ascendency-go-next Tue, 11 Sep 2018 13:16:14 +0000 hourly 1 https://wordpress.org/?v=5.3.4 By: BruceEWoych https://neweconomics.opendemocracy.net/movement-replace-neoliberalism-ascendency-go-next/#comment-784 Mon, 27 Nov 2017 01:18:00 +0000 https://www.opendemocracy.net/neweconomics/?p=1928#comment-784 This is a long overdue acknowledgement of damages created by power institutions under the auspices of theoretical economic utility under monetarism writ large as global political state economic systems enacted a new form of imperialism that crashed economies and rendered people to market scale. I hesitate to say that it will not be popular to infer more of the same as a resolve or solution in reaction to those faulty theories. That is, specifically, since those neoclassical theories were meant as a program of exploit and power ascendancy as a global goal by people that cared only about their own personal wealth. These finance sectors have largely succeeded and are now positioning in a reorganization to hold its financial share of global wealth and resources by dragging austerity pressures into a pseudo-populist reactionary mode. where kickback from a distraught middle class will place a blind trust in hard political (who will revise as needed in real time), will finance these political regressions away from democratic based capitalism and towards a more narrow and exclusive privatized form of economic realism. The empirical facts are strictly undeniable. Wealth must grow at at least 1% annually (at great magnitudes of extraction and exploit), while resources and environmental depreciation is posting diminishing returns. This is not a formula for global prosperity and it is clear that the next 20 years will be contested not developed in economic shares. Positing a corrective set of new theoretical ideas and ideals are fine, but the empirical realtiy is all around us right now. Economists wonder out loud about how they missed the great crash of 2006 – to 2008 as it happened behind closed doors. Now that it is admitted to have been based upon a fraudulent segmentation of economic opportunists and separatists, are we to sit by as we ignore the very de-institutionalism and a rapid decline in democratic empowerment happening in the name of some counter-reaction to neo-liberalism?
Neo-liberalism belongs in the waste heap of history. Any real correction must be politically supported and financed. Senator Ed Markey of Massachusetts stated that any “vision” without finance is a hallucination. We do need a vision, but one that is financed properly by a democratic systemic process Best Practices and participatory economic opportunity. The corporate model of economy is not democratic it is relatively fascist, The money is pushing our politics in that direction and the real course of the near future is restrictive government protecting greater financial inequality. Under that alternative perspective, we are not heading to a rejection and ascendancy OF and away
from neoliberalism, we are headed towards phase 2 where monetary
economic methods will be supplanted by coercive militarized economies
capturing asset based political rule. As always in the history of
power structure changes, the reactionary forces are now galvanizing a middle class
infrastructure of power, politically factionalized as separatists against liberal democratic society. We are not
headed into any ascent or ascendancy; instead, we are headed towards reactionary dissent
& descendant, reductive & regressive forms of coercive corporate republicanism;
a stratified democracy in name only,

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By: wiztwas https://neweconomics.opendemocracy.net/movement-replace-neoliberalism-ascendency-go-next/#comment-779 Sat, 25 Nov 2017 08:56:00 +0000 https://www.opendemocracy.net/neweconomics/?p=1928#comment-779 Government is not just about economics.

This is about the beginning of a revolution in politics, not a change in economic dogma.

The reason we have our elected representatives go to the house to vote and debate on our behalf is because we can not all go, we can not all debate. Technology has changed that, we can all go, we can all debate, we don’t need representatives anymore, we can now represent ourselves.

Sure there are problems, we could do something incredibly stupid like leave Europe, but we could also do something sensible like realise our mistake and change our minds. Yes our choices could have huge economic impacts, but then again so did all the middle east wars we waged.

We will make mistakes, but they will be our mistakes, instead of power being concentrated down into a few hundred individuals, all of whom, like us are open to persuasion by the lobbyists, most of whom choose to obey the various whips and do what they are told, not what they think is right. On a grander scale, we can all be persuaded, we can all choose to obey the whip, just because the power is now diluted, instead of 600 you now need to convince 60,000,000 the potential for abuse through the acts of whipping and lobbying are eliminated. If there was a puppet-master controlling things, instead of 600 strings to pull there are 60,000,000 and the task is impossible. Our people are very diverse, diversity is not weakness it is strength, unity does not exist, there is always someone somewhere who disagrees.

It would of course become a model form of government, we could see other countries abandoning democracy and adopting this method, if people ran the world instead of corporations and governments, we would do something about the problems of the world.

Could politicians still survive? Yes,we could still have representatives, people who we trust and to whom we can give our proxy vote for the day-to-day. BUT we can also take it away from them and use it ourselves if we want or give it to someone else, indeed we could choose on each category of issue on each individual vote where our vote is cast or which proxy can have our vote, we can be the puppet masters, politicians would need to continuously canvass support in the form of proxy votes, there would be no need for general elections, if a government started down a course of action that we collectively did not like, then they would loose support, the opposition would gain support and the action would be defeated.

Politicians could cease to be generalists, they could become specialists. We could choose one politician to be our proxy for economic matters, another for environmental, for social security, education, housing, local government, defense and so on.

The more proxies a politician holds the better they are heard. The fluidity in the system allow for a free market of political ideas when outdated ideas can loose ground to modern fresh alternatives, where new ideas can garner support and grow be debated more and potentially come to the fore and become mainstream.

This is the kind of revolution we should be seeing in politics, not some tinkering with economic views but a radical overhaul of the entire corrupt system to take power from the hands f the privileged few and deliver it into the hands of the many.

Diversity is strength, long may we all rule.

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By: grahamdouglas https://neweconomics.opendemocracy.net/movement-replace-neoliberalism-ascendency-go-next/#comment-778 Sat, 25 Nov 2017 06:43:00 +0000 https://www.opendemocracy.net/neweconomics/?p=1928#comment-778 Thank you for this excellent explanation of the subject and your sensible proposal for a way forward.

As a first step I suggest a new subject be introduced into education curricula named “Integrative Improvement: Sustainable Development as if People and their Physical, Social and Cultural Environments Mattered”. This could be done by setting up self-funding Integrative Improvement Institutes to conduct courses in the subject. The courses would cover the relevant theory and tools including Integrative Problem Solving and science-based Integrative Thinking.

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