Socialism in Seattle and rotten economics elsewhere


Michael Roberts Blog

The victory of Kshama Sawant as a Socialist city councillor in Seattle (http://www.spokesman.com/stories/2013/nov/16/socialist-kshama-sawant-wins-seattle-city-council/) has taken an interesting turn on the economics front.  You see, Sawant is not only a socialist, she also has a Ph D in economics and teaches it at the local city college.  This news has outraged a columnist for the Forbes magazine.  Forbes magazine is owned by the ‘free market’ right-wing multi-millionaire Steve Forbes.  Forbes has stood as a presidential candidate in the past on a full ‘free market’ platform and was a big backer of Mitt Romney in the last election.  His influential magazine is committed to presenting the obvious advantages and success of ‘free market capitalism’.

So Forbes contributor, Alex Berezow launched into an attack on socialist economics and Sawant (http://www.forbes.com/sites/alexberezow/2013/11/11/why-is-seattle-socialist-kshama-sawant-allowed-to-teach-economics/).  Berezow said he was not an economist, but more important was a proper scientist (a micro-biologist).  For him economics was not…

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