GeofCox on Nostr: npub1g0tuf…3tvm4 npub1awmt8…zkqm2 Yes I agree - BUT remember it took crash, ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) npub1awmt846qt67nqdyt7q0w6vn3vmqe5semtgdvmxyvmvwmspa4sumqkzkqm2 (npub1awm…kqm2)
Yes I agree - BUT remember it took crash, depression, war and holocaust for the Keynesian settlement (and European Social Model) to emerge. This is so clear in French history: the factors in play were not only the terrible shock across the whole political centre - centre-right included - at what had happened to Europe, but also the role the communists and other leftist groups had played in leading the resistance. The Programme du Conseil national de la Résistance set out a vision similar to the 1945 UK Labour government's - and in some ways the 'New Deal' in the US - except that because of the terrible wartime experience of France, and the respect widely felt for what the communists, etc, had done, it was not a single party manifesto, but agreed across the political spectrum (except of course the cowed fascists), and is still widely supported here today, despite the inroads made since the 1970s by neoliberalism.
I therefore think the question of whether a new 'capitalist' settlement can emerge now is really a question of whether climate ecological breakdown is sufficient trauma in itself to create a wide political consensus like the Programme du Conseil national de la Résistance - or whether we have to plunge further into chaos and conflict first. Probably, different negotiations will appear at different times in different places. But anyway, successful solutions won't be anything like the growth-oriented capitalism we have now - they can't be, can they? - they will be further than Keynes towards strongly regulated free enterprise and markets.
Yes I agree - BUT remember it took crash, depression, war and holocaust for the Keynesian settlement (and European Social Model) to emerge. This is so clear in French history: the factors in play were not only the terrible shock across the whole political centre - centre-right included - at what had happened to Europe, but also the role the communists and other leftist groups had played in leading the resistance. The Programme du Conseil national de la Résistance set out a vision similar to the 1945 UK Labour government's - and in some ways the 'New Deal' in the US - except that because of the terrible wartime experience of France, and the respect widely felt for what the communists, etc, had done, it was not a single party manifesto, but agreed across the political spectrum (except of course the cowed fascists), and is still widely supported here today, despite the inroads made since the 1970s by neoliberalism.
I therefore think the question of whether a new 'capitalist' settlement can emerge now is really a question of whether climate ecological breakdown is sufficient trauma in itself to create a wide political consensus like the Programme du Conseil national de la Résistance - or whether we have to plunge further into chaos and conflict first. Probably, different negotiations will appear at different times in different places. But anyway, successful solutions won't be anything like the growth-oriented capitalism we have now - they can't be, can they? - they will be further than Keynes towards strongly regulated free enterprise and markets.