Paul Mason’s Postcapitalism — A Detailed Critique — Chapter 1 (3)

CHAPTER 1 — NEOLIBERALISM IS BROKEN

Paul is quite right that,

“… the conditions for another crisis are being assembled.” (p 5)

Paul Mason’s Postcapitalism — A Detailed Critique — Chapter 1 (5)

Paul describes the basis of fiat money being trust. He is quite right that both left and right wing economists who see the cause of crisis being fiat money, and abandonment of the gold standard, are wide of the mark…

Paul Mason’s Post Capitalism — A Detailed Critique — Chapter 1 (1)

Before looking at the contents of this chapter, on Neoliberalism, I want to just make a comment on terminology. Neoliberalism is a term widely used on the Left. It’s a term I’ve never liked or accepted as…

Paul Mason’s Postcapitalism — A Detailed Critique — Chapter 1 (4)

CHAPTER 1 — NEOLIBERALISM IS BROKEN

The Roots of 2008

Paul Mason’s Postcapitalism — A Detailed Critique — Chapter 2 (2)

LONG WAVES, SHORT MEMORIES

Overproduction, Profit and Innovation

Paul Mason’s Postcapitalism — A Detailed Critique — Chapter 1 (6)

The Imbalanced World

Paul argues that Neoliberalism, in some countries, is only possible, because other countries don’t practice it. What he means is that the US, UK, et al can only borrow to…