ThatcheroftheLeft

Helping move the centre ground of British (and world) politics to the left, in a similar way to Maggie Thatcher moving it to the right.

Menu

Skip to content
  • Home
  • About Steve Wallis, the Maggie Thatcher of the Left

Tag Archives: debt default

Review of Warren Mosler’s “The 7 Deadly Innocent Frauds of Economic Policy” and prospects for socialist revolution

Posted on October 31, 2013 by thatcheroftheleft

Image

My last two blog items (on MoneyWeek’s “End of Britain” video/letter, discussing a US debt default and consequences for socialist revolution in Britain and it never being necessary to reduce the level of the national debt covered some arguments I’ve been having with a blogger called Martin Odoni (hstorm), who agrees with the analysis of Warren Mosler in his book “The 7 Deadly Innocent Frauds of Economic Policy“. The following is a short review, drawing on some of my economic knowledge as an ex-Marxist, posing some important questions for British economic perspectives and consequences for socialist revolution.

Continue reading →

Posted in Economy, Maggie Thatcher, Poverty, Revolution, US politics / Tagged AAA, Bank of England, Capital, Capitalism, Centre for Policy Studies, credit crunch, Das Kapital, debt default, derivatives, economist, End of Britain, Federal Reserve, foreign exchange, Forex, John Maynard Keynes, Karl Marx, Keynesianism, Marxism, Maurice Saatchi, Militant Labour, Militant Tendency, Money Week, MoneyWeek, Socialism, Socialist Party, sub-prime, subprime mortgages, unorthodox, Warren Mosler / 3 Comments

Recent Posts

  • Will socialist revolution start in one country then spread, or start simultaneously (e.g. a #MayDay or credit crunch)
  • Strike/demonstrate on May Day/International Workers’ Day (1 May): Videos and marches in London and Greater Manchester
  • Bedroom tax eviction reprieve, comparison with millionaire Tory Maria Miller, and opposing austerity/cuts that kill
  • People’s Assembly and #LeftUnity conferences: debating the economy and European Union – be radical but strategic
  • My statement as a candidate for the National Council of #LeftUnity

Recent Comments

detonacciones on #Budget2014: Alan Turing Insti…
thatcheroftheleft on 29 March #LeftUnity conference…
thatcheroftheleft on 29 March #LeftUnity conference…
thatcheroftheleft on Women’s quotas in #LeftU…
thatcheroftheleft on 29 March #LeftUnity conference…

Archives

  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013

Categories

  • Benefits
  • Civil Liberties
  • Conspiracy Theories
  • Democracy
  • Economy
  • Education
  • Environment
  • European Union
  • Health
  • Human Rights
  • Humour
  • Infiltration
  • Internationalism
  • Maggie Thatcher
  • Music
  • Poverty
  • Racism/Fascism
  • Revolution
  • Sport
  • Strikes
  • Terrorism
  • US politics
  • Wars
  • Women's Rights

Enter your email address to follow my blog (ThatcheroftheLeft) and receive notifications of new posts by email

Join 1,814 other followers

Meta

  • Register
  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.com
Blog at WordPress.com.