Fresh LBO website content

Freshly posted to the LBO website: • How to learn nothing from crisis: careening back to the status quo ante bustum, a well-received piece from #125. • Contents of #126: suboptimal disillusionment • c’mon, Slavoj, tell us the secret! • Greece and the EU crisis • recovery, now what? • CPI-Elderly • buying green makes you nasty. Here’s a little taste of each. If you like what you see and want to keep it coming, instead of adding another victim to the Great Periodical Die-Off, then please subscribe if you don’t already. And if you… Read More

Recessions: better for right than left

For a long time, I’ve been critical of the left-wing penchant for economic crisis. Many radicals have fantasized that a serious recession—or depression—would lead to mass radicalization, as scales simultaneously fell from millions of pairs of eyes and the imperative of transcending capitalism became self-evidently obvious. I’ve long thought that was nonsense, and now there’s empirical support for my position. In his column today, Paul Krugman cites research by Markus Brückner and Hans Peter Grüner showing that recessions boost the vote for extreme right-wing and nationalist parties. As Krugman argues, this helps… Read More