By David William Pear
May 09, 2015 "Information Clearing House" - "Consortium News" - Close your eyes and imagine an affluent society with subsonic trains crisscrossing the continent. One that produces unlimited clean energy. Provides basic healthcare for everyone. Values education for its own sake. Cultivates the arts and research to discover beauty and the unknown. An affluent society that responds with compassion to natural disaster. Conserves natural resources and protects the environment. And enjoys more leisure time. Cares about eliminating poverty and illiteracy. That ends racism and prejudice.
Does the affluent society seem like a dream? Is it an impossible goal? The neoliberals think it is. They imagine a world of austerity and a new Gilded Age.
The neoliberals are prisoners of the Eighteenth Century. They have not advanced since the neo-feudal teachings of Adam Smith (1723-1790). Smith is the godfather of economics and wrote the “bible” of capitalism, An Inquiry into the Nature and Causes of the Wealth of Nations. Smith was among the first to give much thought about economics.( Collapse )