Radical Political Economy in Times of Austerity: Challenges and Opportunities
Radical Political
Economy in a Time of
Austerity
Dr. John Barry
Centre for Progressive Economics, Belfast
Political Economy
Crisis and opportunity
The race to the bottom….
‘Economic recovery’
Recovery to what?
A return to FDI, globalised, competiveness dominated
economic growth
‘Race to the bottom’
Radical political economy
‘Radical’ – from the Latin – getting to the root of the
problem.
So what are the problems and their causes?
1.
Poverty, Inequality and social injustice –
2.
Employment, jobs and work
3.
Ecological problems
4.
Quality of life
5.
Democratic control over social production
Demystifying ‘economics’
Start democratising the economy but demystifying
and democratising thinking about ‘economics’
Democratic control.. and a
challenge to the trade union
movement
Which is the greater prize – more well-paid formal
employment or …
Worker/employee control over economic production
itself?....even if this may mean lower wages?
Cooperatives or jobs?
Delve into the essence of radical political economy amidst economic crises and potential opportunities. Explore the root causes of issues such as poverty, inequality, and ecological problems. Learn about demystifying economics and the importance of democratic control over social production and economic systems, questioning the trade union movement's role in achieving worker empowerment. The journey towards economic recovery and the race to the bottom are examined in light of global competitiveness and sustainable growth models.
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Presentation Transcript
Radical Political Economy in a Time of Austerity Dr. John Barry Centre for Progressive Economics, Belfast
Economic recovery Recovery to what? A return to FDI, globalised, competiveness dominated economic growth Race to the bottom
Radical political economy Radical from the Latin getting to the root of the problem. So what are the problems and their causes? 1. Poverty, Inequality and social injustice 2. Employment, jobs and work 3. Ecological problems 4. Quality of life 5. Democratic control over social production
Demystifying economics Start democratising the economy but demystifying and democratising thinking about economics
Democratic control.. and a challenge to the trade union movement Which is the greater prize more well-paid formal employment or Worker/employee control over economic production itself?....even if this may mean lower wages? Cooperatives or jobs?
