Channel 4 News Economics Editor: Capitalism “Past Its Best”

Ah, Paul Mason. Channel 4’s resident communist hero-worshipper has taken some time out of spinning for Syriza to write this gem for the New Statesman‘s ironically titled “saying the unsayable” series:

“It’s becoming just about sayable, though to howls of pain, that neoliberal economics is nonsense. And that the neoliberal model is broken. What’s hard for the economics profession to accept is what this means: that capitalism itself could be past its best. The traditional escape mechanism – adaptation through high-value job creation and the creation of new technologies – becomes hard to maintain once information technology pervades everything, tanking production costs. So we are stuck: we fear automating en masse because we can’t imagine what jobs people will do who are displaced. This is the clearest sign that we might be living through a 500-year turning point, not just a 50-year one, with the exhaustion of a model and a financial crash.”

How exactly has the “neoliberal model” – or capitalism, as more rational people call it – fared in the last 40 years? Well it has delivered an 80% decline in world poverty for starters:

Does that really look like a “broken” model?




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Max Mosley tells the Guardian it is

“perfectly legitimate to offer immigrants financial inducements to go home”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Sunday Shows Highlights Sunday Shows Highlights
Watch: Siri on Syria Watch: Siri on Syria
Morning Star Suggests Douma Attack Was Set-Up Morning Star Suggests Douma Attack Was Set-Up
Long 24 Hours For Evolve Politics Long 24 Hours For Evolve Politics
When is a Blue Peter Presenter Not a Blue Peter Presenter? When is a Blue Peter Presenter Not a Blue Peter Presenter?
Guardian App Harvests Your and Your Friends’ Facebook Data Guardian App Harvests Your and Your Friends’ Facebook Data
Observer’s Whistleblower Personally Offered to Harvest Data For Vote Leave Observer’s Whistleblower Personally Offered to Harvest Data For Vote Leave
Mogg and 13 Other MPs Write to May Declaring Transition Deal “Completely Unacceptable” Mogg and 13 Other MPs Write to May Declaring Transition Deal “Completely Unacceptable”
Corbynistas Hold Boozy Victory Party as Moderates Vacate HQ Corbynistas Hold Boozy Victory Party as Moderates Vacate HQ
Gloria De Piero’s Office Manager Still In Job Despite Defecting to Tories Gloria De Piero’s Office Manager Still In Job Despite Defecting to Tories
Fake LibDem Newspaper Lies to Richmond and Twickenham Voters Fake LibDem Newspaper Lies to Richmond and Twickenham Voters
Inside the Freer Launch Inside the Freer Launch
Labour Head of Broadcast Now Working For BBC News Labour Head of Broadcast Now Working For BBC News
Owen Jones’ Viral Fake News Owen Jones’ Viral Fake News
Dodgy Tweets of RT Man on Question Time Dodgy Tweets of RT Man on Question Time
Times Kills Off Russian Spy in Front Page Shocker Times Kills Off Russian Spy in Front Page Shocker
Williamson Takes Murdoch Shilling Williamson Takes Murdoch Shilling
Owen vs Feminists Owen vs Feminists
Guardian Saudi Before and After Guardian Saudi Before and After
Paul Mason Goes Full Glenn Beck Paul Mason Goes Full Glenn Beck