Politicisation Of The Great Lockdown Result Of “TINA”-Economic-Ignorance & Censorship | Authored by Ramin Mazaheri for the Saker Blog,
In the United States questioning liberal economic ideology is not tolerated, so when the latest inevitable economic bust in capitalism occurs it is little wonder that their society talks about everything except economic ideology. They spend their time inventing and discussing non-economic solutions to economic catastrophes, which is precisely how their fundamental weaknesses and inequalities only get worse and worse.
Now we are talking about the murder of George Floyd, police brutality and White supremacy – these are old but still important issues, but they are also certainly issues which will not lead to systematically redistributing one cent towards governmentally-abandoned African-American areas.
The fall of the USSR and the triumphant parades led by banners bearing TINA – There Is No Alternative (to neoliberalism and neo-imperialism) – encouraged Americans to throw away their textbooks on the “dismal science” of economics. “Yeah,” they said, “Marx might have been interesting in his day, but it’s all over now – get with the times: it’s the economy, stupid! (whisper) But seriously – don’t openly question liberal economic ideology.”
For those of us following the data it has become quite clear: “Everything Bubble 2” is a great pica-saving handle to describe the 2020 Western economy, but it gives the wrong impression that what’s going on is just a repeat of 2008 (when Everything Bubble 1 popped) – it’s actually much worse. Nobody expected Everything Bubble 2 to be popped by something as economically-suicidal as a Great Lockdown, but we now have no choice but to add the effects of the two together, so… wow… we just cannot say that this is like 2008, or 2001, or 1929, or any other era.