Tag Archives: Mike Beggs

Mike Beggs – The Keynesian Counterrevolution

Link to a book review by Mike Beggs of In the Long Run We Are All Dead: Keynesianism, Political Economy and Revolution by Geoff Mann:

“The Keynesian Counterrevolution”


Bonus links: “The Left in a Foxhole?” (excerpt from Mann’s book) and “Liberalism: An Ideology of Exclusion” (this article rebuts Begg’s discussion of classical and modern liberalism, indicating that the archetype of all forms of liberalism is a politics of exclusion; in this case, merely elevating “the bourgeois and the intelligentsia” above others) and War and Revolution. Rethinking the Twentieth Century and Domenico Losurdo on Two Epidemics and “The Class Struggle on Wall Street” (“The problem [with Keynesianism] is, the rentier doesn’t want to be euthanized. Capital is not going to say, ‘okay, our work here is done, goodbye.’ So to maintain the social position of money-owners, you have to create an artificial shortage of money, and that’s another way of looking at the job of the central bank.”)


Bonus quote:

“class struggle is ultimately the struggle for the meaning of society ‘as such’, the struggle for which of the two classes will impose itself as the stand-in for society ‘as such’, thereby degrading its other into the stand-in for the non-Social (the destruction of, the threat to, society).

“To simplify: Does the masses’ struggle for emancipation pose a threat to civilization as such, since civilization can thrive only in a hierarchical social order?  Or is it that the ruling class is a parasite threatening to drag society into self-destruction, so that the only alternative to socialism is barbarism?”  Slavoj Žižek, Afterword to Revolution at the Gates: Selected Writings of Lenin From 1917 (pp. 209-10).