Michael Roberts Bursts the Balloon of Free Market Cheerleaders

As he always does, Michael starts out by pointing out the contradictions between what Western economic propagandists predict and what economic reality later shows. After these propagandists admit the western global economy is on a downhill slide he points out why their monetarist and Keynesian reasoning don’t explain the economy’s slippage. He closes the article with a Marxian explanation about what is going on.

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