July 27, 2015
A PAUSE (mostly) + an announcement

1. A PAUSE (mostly)
2. An announcement

This is a Nederlog of Monday July 27, 2015.

This is not a crisis blog. Instead it announces:

1. A PAUSE (mostly)

For the time being I will pause the crisis blog for one major reason:

I have to do quite a few things relating to my pension, and I cannot combine doing these things, which are necessary for my survival, with writing a daily update on the crisis.

That's it.

Also, as the added "(mostly)" may convey: I will continue to write Nederlogs (which now even may get descriptive titles) but they will appear a bit less regularly and they may be about anything.

What I am pausing for the moment is mostly the daily grind of checking some 40 sites everyday; deciding what's the crisis news; reading that news, etc. etc.

Otherwise, little will change, except that I will have more time to do the things I have to do.

Also, as usual the things I add to my site will be listed in Nederlog (that is: in this section) and/or in the

2. An announcement

And here is an announcement: I will analyse the crisis in Nederlog, because I think that after studying it for over two to nearly seven years - for the crisis series was started on September 1, 2008 - I do understand it rather a lot better than I did before doing so.

The basic outcome is that the rich right has won in major ways, and also has been winning since 1980 nearly everywhere and in nearly everything.

In fact, this can be illustrated by an article - and this will be the only article I will quote today - by Terry Macalister on today's The Guardian:

  • Joseph Stiglitz: unsurprising Jeremy Corbyn is a Labour leadership contender
This contains the following bit, that seems quite true to me, except that it is a bit understated:

A Nobel prize-winning economist has said it is unsurprising that an anti-austerity figure such as Jeremy Corbyn has emerged as a contender for the Labour leadership.

Speaking in London on Sunday, Joseph Stiglitz warned that policies from centre-left governments such as Tony Blair’s had undermined the middle-ground message, partly by entrenching wealth for the very few.

Asked about the emergence of Corbyn against more moderate candidates, Stiglitz said young people were the most likely supporters as they felt badly let down by more mainstream politics.

“I am not surprised at all that there is a demand for a strong anti-austerity movement around increased concern about inequality. The promises of New Labour in the UK and of the Clintonites in the US have been a disappointment,” said the former World Bank economist who is a professor at Columbia University in the US.

“Unfortunately the centre-left parties have wimped out. They have joined in saying: ‘Oh yes, we have to have a kinder version of austerity, a milder version of austerity.’ But one of the disappointments of the eurozone, and Europe more broadly, is that you have these elections, these centre-left parties get elected and they have to cave into Germany and so they then do a rhetoric that is gentler but the outcome is not much gentler.”

Stiglitz said in the US research showed that all the economic gains since the early 1980s had gone to the top 10%. “The bottom 90% of the economy has seen stagnation for a third of a century and similar trends – not as bad – are at play elsewhere.

This is true, except that the Blairites and the Clintonites never "wimped out": They were right wing from the start, only their public packaging was "left wing", but this was all deception and fraudulence from the very start.

As Bill Black put it (quoted at the end of "Third Way", which is the ideology of the Blairites and Clintonites):
"Third Way is this group that pretends sometimes to be center-left but is actually completely a creation of Wall Street--it's run by Wall Street for Wall Street with this false flag operation as if it were a center-left group. It's nothing of the sort."
Precisely. And indeed the Clintonites are also directly financed by Wall Street.

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