Kondratieff and the Gyre….

Paul Krugman just gave a poetic analysis of the quickly coming economic depression, and it harkened me back to my days as a mechanistic Marxist, sitting around pondering “Die langen Wellen der Konjunktur.” Ah, yearning for the Kondratieff downturn that would finally bring about the demise of capitalism. Of course, the reason why predictable cycles like these haven’t caused much of a problem is that capitalists used to be smarter (well, at least after the first Great Depression). Now, they’re ignorant, sneering, greedy frat boys and sorority sisters hell bent on doing whatever the fuck they want without paying attention to data (history is, after all, data).


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: