{"id":21362,"date":"2023-05-17T07:52:41","date_gmt":"2023-05-17T05:52:41","guid":{"rendered":"https:\/\/mwehle.eu\/wp\/?p=21362"},"modified":"2023-05-17T08:03:10","modified_gmt":"2023-05-17T06:03:10","slug":"21362","status":"publish","type":"post","link":"https:\/\/www.wehle.ee\/wp\/?p=21362","title":{"rendered":""},"content":{"rendered":"<blockquote><p>Let me just add that the more recent debate between economic neo-liberals and their critics about the role of the state and publicly owned enterprises is not a specifically Marxist or even socialist debate in principle. It rests on the attempt since the 1970s to translate a pathological degeneration of the principle of <span class=\"\" style=\"white-space: nowrap;\">laissez-faire<\/span> into economic reality by the systematic retreat of states from any regulation or control of the activities of profit-making enterprise. This attempt to hand over human society to the (allegedly) <span class=\"\" style=\"white-space: nowrap;\">self-controlling<\/span> and wealth- or even <span class=\"\" style=\"white-space: nowrap;\">welfare-maximising<\/span> market, populated (allegedly) by actors in rational pursuit of their interests, had no precedent in any earlier phase of capitalist development in any developed economy, not even the USA. It was a <em>reductio ad absurdum<\/em> of what its ideologists read into Adam Smith, as the correspondingly extremist <span class=\"\" style=\"white-space: nowrap;\">100% state-planned<\/span> command economy of the USSR was of what the Bolsheviks read into Marx. Not surprisingly, this \u2018market fundamentalism\u2019, closer to theology than economic reality, also failed.<\/p>\n<p class=\"\" style=\"padding-left: 3em; text-indent: -3em;\">\u2014Eric Hobsbawm, <em>How to Change the World<\/em>, (London: Little, Brown, <span class=\"\" style=\"white-space: nowrap;\">2011), 10-11<\/span>.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Let me just add that the more recent debate between economic neo-liberals and their critics about the role of the state and publicly owned enterprises is not a specifically Marxist or even socialist debate in principle. It rests on the &hellip; <a href=\"https:\/\/www.wehle.ee\/wp\/?p=21362\">Weiterlesen <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21362","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/posts\/21362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wehle.ee\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21362"}],"version-history":[{"count":0,"href":"https:\/\/www.wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/posts\/21362\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.wehle.ee\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wehle.ee\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wehle.ee\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}