[p2p-research] recommended video by zizek

[Michel Bauwens]

Carlota Perez, herself a neo-Schumpeterian, in her book, Technological
Revolutions and Financial Capital, has an interesting theory on the
dominance of finance capital, x-liberal thinking, and supply-side economics
as a recurring meme in the descending phase of kondratieff cycles ... when
the old productive logic is in crisis, finance capital becomes more
independent and dominant, and exerts ideological domination around these
more extractive business philosophies, and each time, 1873, 1929, 2008, it
ends in tears ..

On Mon, Jul 12, 2010 at 5:08 PM, j.martin.pedersen <
m.pedersen at lancaster.ac.uk> wrote:

>
>
> On 12/07/10 06:55, Michel Bauwens wrote:
> >
> > what is the left really about, in its core, is expanding the field of
> > opportunity to all, and the democratized choice of any policy which
> affects
> > any individual, while the right hope that the free rein to the elite,
> > restricting decision-making to moneyed interests, and letting the top 1%
> >  grab the lion's share of the social product, will magically and
> > romantically 'trickle down' ..
>
> Arhh, they don't actually believe or desire that, but offer it as a
> pathetic excuse for looting the world (i.e. those who belive it are
> plain stupid). It can be traced back to some pretty disgusting imagery:
>
> "The economist John Kenneth Galbraith noted that "trickle-down
> economics" had been tried before in the United States in the 1890s under
> the name "horse and sparrow theory". He wrote, "Mr. David Stockman has
> said that supply-side economics was merely a cover for the trickle-down
> approach to economic policy—what an older and less elegant generation
> called the horse-and-sparrow theory: 'If you feed the horse enough oats,
> some will pass through to the road for the sparrows.'" Galbraith claimed
> that the horse and sparrow theory was partly to blame for the Panic of
> 1896". - from:
> http://en.wikipedia.org/wiki/Trickle-down_economics
>
> The elite has always looked upon the poor as deserving of eating shit.
>
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