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Jeffrey Sachs Explosive Address at the EU Parliament (www.youtube.com)

submitted 13 hours ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 13 hours ago (30 children)

I would really take anything he says with a grain of salt....the dude is literally the person who invented shock therapy for post Soviet States. He's not a reliable narrator and his only real goal is to spread Keynesian economics and convince authoritarian governments to privatize state assets.

[–] turnip 1 points 11 hours ago (4 children)

What's a better system then Keynes, monetarism or MMT?

[–] [email protected] 1 points 10 hours ago (3 children)

I tend to not like any capitalist system as it will always decay into neoliberalism eventually.

[–] [email protected] 1 points 4 hours ago* (last edited 4 hours ago)

yes even if the state does manage to buy back assets and hold them for a long time and actually run them properly as long as there are capitalists competing with the state there will always be an incentive to flog the states assets for cheap price and entshittify them it’s why social democracy is a bandaid

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