On Thu, Sep 24, 2015 at 12:13 PM, Marvin Gandall <[email protected]> wrote:
> 1. There are, as Raghu says, divisions within the > financial/political/academic/media elites about the best means of promoting > economic growth and ensuring political stability. The debates between > left-centre Keynesians and right-centre Austerians are real, and have been > especially sharp in the face of lagging growth and mass discontent in the > eurozone. \ Marvin, I'd modify that a bit: my claim is that there are very real differences and debates between right-wing Austerians and right-wing neo-cons. And both of these groups have real differences with center-left Keynesians. I'd agree with Carroll that capitalist development over the past 40 years has definitely weakened the Keynesian wing dramatically. No question about it. But the right-wing itself is far from monolithic. And Austerity is certainly not a given even under capitalist domination. The refusal on the part of Carroll et al to acknowledge these nuances is not helpful to say the least. -raghu.
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