(stagnation + inflation) when inflation is high, the economic growth rate slows, and unemployment remains steadily high
The late 1960s and the early 1970s were not just the times of oil crisis and stagflation
He goes through the whole US hegemony story in about a page (cites Yanis Varoufakis too)
The late 1960s and the early 1970s were not just the times of oil crisis and stagflation
He goes through the whole US hegemony story in about a page (cites Yanis Varoufakis too)
a figure of speech in which an abstract thing is personified OR an imagined or absent person or thing is represented as speaking (literally, "mask-making")
ideological prosopopoeia has its heyday: markets start to talk as living entities, expressing their 'worry' at what will happen if the elections fail to produce a government with a mandate to continue with the programme of fiscal austerity and structural reform
forgot the meaning but what a great word
ideological prosopopoeia has its heyday: markets start to talk as living entities, expressing their 'worry' at what will happen if the elections fail to produce a government with a mandate to continue with the programme of fiscal austerity and structural reform
forgot the meaning but what a great word
(verb) to reduce the mental or moral vigor of / (verb) to lessen the vitality or strength of
What is so enervating about Varoufakis is not his radicality but his rational pragmatic modesty--no wonder that many radical members of Syriza accused him of capitulating to the EU.
I am never going to remember which meaning this word has am I
What is so enervating about Varoufakis is not his radicality but his rational pragmatic modesty--no wonder that many radical members of Syriza accused him of capitulating to the EU.
I am never going to remember which meaning this word has am I
[...] The true novelty of the Syriza government is that it is a governmental event--the first time that a Western radical Left (not the old-style Communist one) has taken state power. The entire rhetoric, so beloved of the New Left, of acting at a distance from the state, has to be abandoned: one has to heroically assume full responsibility for the welfare of the entire people and leave behind the basic Leftist 'critical' attitude of finding a perverse satisfaction in providing sophisticated explanations of why things had to take a wrong turn.
[...] The true novelty of the Syriza government is that it is a governmental event--the first time that a Western radical Left (not the old-style Communist one) has taken state power. The entire rhetoric, so beloved of the New Left, of acting at a distance from the state, has to be abandoned: one has to heroically assume full responsibility for the welfare of the entire people and leave behind the basic Leftist 'critical' attitude of finding a perverse satisfaction in providing sophisticated explanations of why things had to take a wrong turn.
[...] The point is that this dilemma is wrong: the dilemma cannot be solved at this level since the very gap between private interest (safety of my son) and global justice bears witness to a situation which has to be overcome.
great illustration of the problem with individualist thinking vs looking at the bigger picture (someone's white son is having a tough time at a majority-black school--what's the solution?)
[...] The point is that this dilemma is wrong: the dilemma cannot be solved at this level since the very gap between private interest (safety of my son) and global justice bears witness to a situation which has to be overcome.
great illustration of the problem with individualist thinking vs looking at the bigger picture (someone's white son is having a tough time at a majority-black school--what's the solution?)