Political Economics

The field now called economics used to be called political economics, until a group decided that they could get better pay, like the physicists, if they promoted their field as a science. So they dropped the “political” part, which of course is completely wrong. Economies are political, period.

If there was any doubt, it should by now be crystal clear that there is only one party in Washington. That party, that some refer to as the neo-liberal deep state and others simply call “the establishment”, has served its masters, the financial and political elite, very well. It has established an oligarchic rule while preserving at least the illusion of popular participation, even though “studies have shown” that such participation is non-existent. It is now being attacked by a genuine outsider, Mr Trump. Since it knows very well that its actions have served the average voter very poorly, it has resorted to vicious ad hominem attacks in order to divert attention from its policy failings. Or from its point of view, its policy successes as it has made the oligarchy wealthy beyond belief at the expense of the lives and fortunes of οἱ πολλοί.

Unfortunately for the party, its chosen candidate, Ms Clinton, has her own personal skeletons in the cupboard, which have blunted her attacks on Mr Trump. The party has grown increasingly desperate as these attacks have failed to stop Mr Trump’s campaign, even to the point of having prominent Republicans reveal their true allegiance by publicly supporting Ms Clinton.

If Britons can grasp the nettle and throw off the yoke of the Eurocrats, surely Americans can do the same?

Nec illegitimi carborundum (or “don’t let the bastards grind you down”).

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