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Which book by Sutton do you recommend beginning, in order to understand the context behind the end of Bretton Woods and beginnings of neoliberal finance capital
by cyber_kinetist 5y ago
Which book by Sutton do you recommend beginning, in order to understand the context behind the end of Bretton Woods and beginnings of neoliberal finance capitalism? One part of history many leftists seem to have trouble explaining is the continuity between the two “eras” of wartime Keynesianism and neoliberalism (many essentially describing it as a sudden change in powers but this sounds ridiculous). Some of his books seem to bring light to the processes behind this political change, but where should I start?
- kkfx 5y agoThe Federal Reserve Conspiracy, it's short and mostly collect former USA President's memories and few other public archive, just connecting the dots. In terms of switch between liberalism->keynesianism->neoliberalism honestly I do see much of substantial change in élites terms: liberalism have made very few very rich and create a big mess. Those behind this school of though just want to protect their fortune and so they push another school of though, keynesianism, witch formally is a radical change, but in practice is the old game of the two horses [1]: when their cleptocratic system collapse and people start to move around a potential revolution (Socialism) they just pushed some who "do the right thing" witch actually was a way to save failed private corp with public resources. Some of the puppet colonize socialism to transform it in a red fascism, some create nazi-fascism. Both disperse/degenerate the "new" socialism. Keynesianism alone was not sufficient but generate enough economy to face a war and overthrown the table to start a new game. That new game is neoliberalism witch pick some aspect of false socialism with classic liberism. Now we are in a similar situation: neoliberalism have reached it's cyclic crisis, people unrest, unionize, protest, we are heading to a rush of civil wars, so it's about time to overthought the table again, an external war silence potential civil wars and justify the crisis, the urgency justify a kind-of new keynesianism, witch is now the Chinese system, a false socialism again. It might be a bit hard to condense in a post, but if you skim-re-read the late '800 till today economic history seeing how it touch the politics all brick will enter in their right place... [1] to being sure to win in politics you run two puppet-horses (a system party and an anti-system one), apparently completely different, one against the other, in practice being from the same puppet-master they just intercept discomfort created by the previous government generate an alternation of powers who impede the ascension of third party parties.