Monday, December 23, 2019
Social firms v social markets
Yes corporations are already social firms but of course the infamous corporate liberation movement from its inchoate
inception
In 1969
to the startling last moments
Of 2008
Which cleverly
Reversed much of
What earlier
Efforts acvomished toward mobilizing
corporate activity
In the long and lingering aftermath of
The crisis of September 2008
Restarting the harnessing of corporate firms to the general good of society
Has staggered to its still unsteady feet
Friday, December 20, 2019
Weather and social production
In the 50's
We were going to tune up the weather
That was abandoned
For simply improved forecasting
That is exactly not what we should do about social production
The point is to improve it not predict it
Physical atmospheres s and social production systems share complexity
but not agency
The existence of Agency
is both the hope
And the problematic
of social production
We need detailed now casted
data and an adequate set of macro instruments
Ready to smooth and steeped
Our macro climb to society wide
Freedom from material labor necessity
The strategic markets sector : markets that contain firms with pricing power and thus strategic options
Oligops play pricing games with each other in the in markets for their products
Galbraith focused on this sector
And Lerner mark up cap and trade
Use it or lose it and rent flush
CO ordination markets are relevant
To this sector
Clearly reliably sustainable
peoples state control of the fire sector is a crucial features as else where
Wednesday, December 18, 2019
Price spirals are the deeper target of social management of autonomous market guided firm production
The inflation rate governed by stop start macro policy cycles of relative injection
and extraction rates
Or net credit flows and their interest rates q
Private Profiteering is no virtue .....and what else is mankiw trying to protectb
If mankiw urges
Free range corporate pricing and wage setting as the best practical long run state policy
Why
Surely he recognizes the next stop on the road to socialism isn't inevitably Weimar
Or the Soviet union
Why is he shielding oligop outfits
What is the social miracle contained in firm level exploitation of primary producers
Imagine a system with just one class
Employees
No capitalist rentiers
Like no landlords
Yes we'd still face the question of optimal compensation patterns for the various employed
Yes nothing prevents a system like ours now where the executive suite gangs
Haul out huge hunks of
firm level
infra marginal value added
But
Once the state is dedicated
To socializing a socially optimum share of surplus value
nothing suggests
compensation
Structure
can't be
Employee Congress determined
Mankiw is anti socialist pro corporate capitalist so.....
The peoples state despite Mankiws dogma
Can improve macro performance
Yes at the expense of corporate
Market liberties
Consider these liberties
They are a social expedient
Justified by outcomes
Demonstrate socially superior
Outcomes with a social market design
And that suffices to justify the reformation of oligop corporate sector markets and firms
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