Tuesday, October 18, 2011

We Must All be Keynesians Now

It is rather depressing that in the midst of such economic turmoil that both political parties are promoting insane, counterproductive economic policies that will cut social services, worsen unemployment and keep demand low. But the good news is that the public has expressed complete support for the preservation and protection of social programs and the people are beginning to resist the narrow adherence to neoclassical economics that exists in Washington. In sum, we must all be Keynesians now, to some extent. The only choice we have is to demand that the government preserves and expands on our safety net and works to prevent mass unemployment. This can only be achieved through struggle, protest and disobedience. If the working class can win some of these battles - no easy task given current realities in Washington - it will serve in raising class consciousness, mobilizing workers and could help initiate more fundamental change in the future.
Michael Corcoran, Truthout

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