On the Causes of Investment Decline in the US Economy (A Reply to Hartmann-Wolff)

I think this analysis is really important and is relvant the Australian context also. Here,the opposition to the Federal government and Business Council austerity prescription for the economy, is strong but it is built on the assumptions of Keynesian economics. In the past week I have had brief and friendly exchanges with union comrades who hve been praising Keynesian journos and commentators. I understand why: in Australia we are constantly desperate to find and promote those who oppose the barrage of neoliberal / austerity capitalist dogma that is our daily bread. Any port in a storm, so to speak. But, this is not good enough. Analysing the interactions between investment, profit, incomes etc – but at last foussing on investment is a gap that must be filled.

Author: Don Sutherland

I am a retired left wing and labour movement activist. Before that I worked for a long time in the Australian union movement in union education, Australian and international solidarity and organising. I am also active in Cuban solidarity, the SEARCH FOUNDATION, and promoting discussion, debate and action about green socialism based on workers control and social ownership.