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2009-09-26

More fundamental factors in play in history

Comments on Robert Manne “Past another turning point in history”, 26/09/2009, http://www.theaustralian.news.com.au/story/0,25197,26124842-7583,00.html

While your view of the left and the right in the west may have some truth, your have ignored some important points of their evolutions. You only noticed the bad aspects of the former USSR and ignored its any merits, even though you are a professor in history.

I am not a historian as you are. But it appears to me that there have been some more fundamental factors in play than what you have relied on for your argument.

I think one has got to look at the history more objectively, in the context of both longer history and wider social and international perspectives.

Did the rise of Keynesian have anything to do with the creation of the Soviet Russia and the USSR as a competing social system?

Did the re-emergence of the right or neo-liberalism have anything to do with the inability of government intervention based on the Keynesian aggregate demand management, or the failure of the both Keynesians and monetarists to come up with more effective macroeconomic tools to deal with the supply side macroeconomic problems as a result of the first oil shock?

Will the current crisis and the success of some developing economies in the east generate other new economic and social thinking beyond the confines of the left and the right in the west?

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