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

Paul Dacre on the Daily Mail’s future support for Brexit…

“…what moves me most are the countless messages from readers worried about whether the Mail will continue its support for EU withdrawal. My answer to them — and others — is unequivocal. Support for Brexit is in the DNA of both the Daily Mail and, more pertinently, its readers. Any move to reverse this would be editorial and commercial suicide.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Fry, Hislop, Merton &Guardian All Mocked Burka Fry, Hislop, Merton &Guardian All Mocked Burka
Who Can Beat Corbyn? Who Can Beat Corbyn?
Diane Abbott Drops Bogus IPSO Complaint Diane Abbott Drops Bogus IPSO Complaint
Marr’s May Monopoly Marr’s May Monopoly
CCHQ Begs Association Chairmen CCHQ Begs Association Chairmen
Paul Mason Reported to Police Paul Mason Reported to Police
Etonian Free Cabinet Etonian Free Cabinet
Paul Mason’s Coming Home to England Paul Mason’s Coming Home to England
PM Runners and Riders PM Runners and Riders
Question Time’s £450,000 Gender Pay Gap Problem Question Time’s £450,000 Gender Pay Gap Problem
Alan Sugar Tries to Get Sacked from BBC Alan Sugar Tries to Get Sacked from BBC
Question Time Runners and Riders Question Time Runners and Riders
Daily Brexit? Daily Brexit?
Sun, Mail, Telegraph Warn May Sun, Mail, Telegraph Warn May