Sunday, January 21, 2018

Left/Right policy confusion

Economists say Hitler showed Keynes how to revive an economy before Keynes suggested "pump priming," and now the European political right is doing exactly that. As erratic and embarrassing as Trump is, it's worth noting that the "left" sold out its traditional constituents, while the political right supports them (as described below). Lots of possibilities, then, even from the erratic and embarrassing.

From comments in nakedcapitalism.com (about the Poles):

From: Slavoj Žižek: Donald Trump’s Topsy-Turvy World excerpt:

“The conventional view of what awaits the US (and possibly France and the Netherlands) in 2017 is an erratic ruler who enacts contradictory policies that primarily benefit the rich. The poor will lose, because populists have no hope of restoring manufacturing jobs, despite their promises. And massive inflows of migrants and refugees will continue, because populists have no plan to address the problem’s root causes. In the end, populist governments, incapable of effective rule, will crumble and their leaders will either face impeachment or fail to win re-election.

But the liberals were wrong. PiS (Law and Justice, the ruling Rightist-populist party) has transformed itself from an ideological nullity into a party that has managed to introduce shocking changes with record speed and efficiency. /…/ it has enacted the largest social transfers in Poland’s contemporary history. Parents receive a 500 złoty ($120) monthly benefit for every child after their first, or for all children in poorer families (the average net monthly income is about 2,900 złoty, though more than two-thirds of Poles earn less). As a result, the poverty rate has declined by 20-40%, and by 70-90% among children. The list goes on: In 2016, the government introduced free medication for people over the age of 75. The minimum-wage now exceeds what trade unions had sought. The retirement age has been reduced from 67 for both men and women to 60 for women and 65 for men. The government also plans tax relief for low-income taxpayers.”[6]

PiS does what Marine Le Pen also promises to do in France: a combination of anti-austerity measures – social transfers no Leftist party dares to consider plus the assurance of order and security that asserts national identity and promises to deal with the immigrant threat. Who can beat this combination, which directly addresses the two big worries of ordinary people? We can thus discern on the horizon a perverted situation in which the official “Left” is enforcing austerity politics (even as it advocates for multicultural and other rights) at the same time that the populist Right is pursuing anti-austerity measures to help the poor (even as it advances a xenophobic nationalist agenda). That is the latest figure of what Hegel described as die verkehrte Welt, the topsy-turvy world.

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