Taking notes 41: Ideological foundations of neoclassical economics: class interests as “economic theory”

by Ismael Hossein-zadeh There is now a widespread consensus that mainstream/neoclassical economists failed miserably to either predict the coming of the 2008 financial implosion, or provide a reasonable explanation when it actually arrived. Not surprisingly, many critics have argued that … Continue reading Taking notes 41: Ideological foundations of neoclassical economics: class interests as “economic theory”

Beyond Orwellian nightmares and neoliberal authoritarianism

Central to George Orwell’s nightmarish vision of a totalitarian society was a government so powerful that it not only dominated all of the major institutions in a society, but it also was quite adept at making invisible its inner workings of power. This is what some have called a shadow government, deep state, dual state or corporate state.[1] In the deep state, politics becomes the domain of the ultra-wealthy, the powerful few who run powerful financial services, Continue reading Beyond Orwellian nightmares and neoliberal authoritarianism