Who or What Will Do What Must Be Done?
EDITORIAL, 9 Oct 2023
#817 | Howard Richards – TRANSCEND Media Service
In a previous editorial (What Must Be Done TMS 11 Sep 2023), I made the point that public discourse may not manifest underlying objective facts that play a key role in causing it.
For example, something that I am calling an objective fact, namely the objective need to spend public money to compensate for a chronic insufficiency of effective demand, may put wind in the sails of a belligerent discourse that vilifies a foreign power as an enemy and calls for a costly military intervention. This paradox appears in a different light if it is considered that the logic of the system implies that increasing public debt one way or another is required. Until there is a different system with a different logic it is the way to save jobs and to allow continuing, as distinct from stopping, producing for the purpose of selling. read more