Mr. Tea

Shub-Niggurath, Please
Staff member
Good piece. Particularly important is the observation about how the populist right is trying to pose (and of course it's only ever a pose) as "anti-capitalist", or at least anti-finance, which is a counterpoint to "woke capitalism", as well as being obviously conducive to antisemitism.
 

luka

Well-known member
Staff member
Yes finance people are in charge of finance. It is a distinct sector of the economy and a distinct interest group.
 

luka

Well-known member
Staff member
as such the what finance wants puts it in direct opposition to other major interest groups at particular points. So there are in built political tensions and divisions here
 

luka

Well-known member
Staff member
Yeah I was ignoring that I thought it obscured what is really at stake. It's obfuscatory
 

luka

Well-known member
Staff member
In reality different sectors of the economy have opposing desires. Eg pound low or pound high
 

luka

Well-known member
Staff member
The extent to which any particular interest group has the ear of government is a matter of interest as it bends policy
 

luka

Well-known member
Staff member
Lobby groups battle on behalf of these interest groups to bend policy in their direction
 

luka

Well-known member
Staff member
so the argument here is not that it doesn't operate as a dog whistle (it does) but that treating it as nothing but a dog whistle obfuscates real tensions and real competition in the way power is distributed
 

luka

Well-known member
Staff member
for instance considered as a whole the australian economy did well in then aftermath of 2008 because the export sector raw materials to china and brasil was booming but the internal economy retail hospitality etc was suffering and agitating for intervention
 
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