The comeback of conservative ideology
Today I have been writing about the resurgence of the conservative ideology. Some are even saying the crisis is over. Others are more circumspect and try to appear reasonable – “it is not the time to cut back yet but we need a transparent plan for fiscal retrenchment outlined”. That sort of argument. But there is an increasing number of contributions from past players who were in various ways at the forefront of the neo-liberal putsch. The challenge for progressives is to assemble a united front to combat this growing and strident conservative comeback. I see modern monetary theory (MMT) as a vehicle for that defence. Unfortunately, the progressives are so divided about almost everything that there is little chance of a common front emerging. More the fools us. Anyway, in this blog I wander over the Tasman to New Zealand to remind myself and all of us what the zealots are capable of.