Jayarava

Jayarava

After hearing Professor Steve Keen speak on the radio I became fascinated with economics and alternate ways of looking at the problems we are facing. I'm particularly concerned that Neoliberalism and Neoclassical Economics are creating inequality and disharmony. I'm a member of the Triratna Buddhist Order and a long time blogger.

Website URL: http://moderndebtjubilee.blogspot.co.uk/

By ignoring debt, and thinking magically about economic growth and the operation of markets, the mainstream of economists and politicians have wrecked havoc on the UK economy. We now collectively owe so much that if the net worth of the UK was cashed up and used to pay off private-sector debt, there would be a £2 trillion shortfall. This level of debt is not neutral in an economy. We need a rational approach to private debt.
Certain types of parasitic organisms change the behaviour of the host in order to ensure their own survival. What if economies of the world have been infected by an economic parasite of a similar type?
Darwin's emphasis on competition tells us more about Victorian Britain than about nature. Nature is in fact always cooperative and symbiotic. Similarly conservative narratives of self-reliance belie the cooperation that underpins their own global success.
In the first of these articles I outlined some relevant ideas about cognition and introduced George Lakoff's idea of the 'frame'. In this second part I try to show how Lakoff applies the idea to the political spectrum. 
George Lakoff has been arguing for some years that Conservatives in the USA have a massive advantage over progressives because of the way they understand and use language. 
Similarities between Neo-Classical Economic theory and Ayn Rand's Objectivism.
The elephant in the room is private debt. Because it doesn't feature in Neo-Classical economic models, economists and politicians are ignoring it. But they really can't afford to.

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