Today’s Topic: As Labor Day approaches, Let’s play an inter-generational game of Telephone with history and economics.
By Kaill McNeil
Cycles and Shifts
History is a cycle of paradigm shifts. The reality of any era based largely on context. Such a view goes a long way to explain how philosophies from centuries past still resonate. Particularly in diluted, misunderstood modern forms, like and inter-generational game of Telephone. As the new social media Cold War, between neo-Communism (as in China), and tenacious defenders of capitalism (such David Koch) will attest.
In today’s warfare, keyboard warriors, often spill onto the streets, defending their chosen ideology, often without fully understanding it. Going by the rhetoric flying through the ether, bread-lines, gulags, Auschwitz, and the Berlin Wall have been erased from the record. Whereas the only kind of Capitalism that seems to currently exist is Laissez-Faire, guided by the Adam Smith’s imagined ‘Invisible Hand.’ effectively striking the contribution of any other economic theorists, not least John Maynard Keynes. It is notable that Keynes was a lone voice in the wilderness, arguing against the disastrous punitive measures levied on the Weimar Republic in 1919 at the end of World War I. Those punitive measure were in a large part resp0nsible for World War II a short twenty years later. Continue reading