Between Left and Right: Reflections on the Position of Paul Gottfried

By Jeffrey C. Goldfarb, March 4th, 2012
Book cover of "After Liberalism" by Paul Edward Gottfried © 1999 Princeton University Press

Paul Gottfried and I disagree. He positions himself in opposition to “the post – Marxist PC left.” I suspect that my commitments to feminism, gay rights and the victories of the civil rights movement, while thinking that Marx was an important 19th century thinker, but not a guide for politics in our times, means that the phrase applies to me (even though I am not sure what it means exactly). Yet, I am pleased that I found a prominent conservative intellectual to contribute to our discussions. I have already learned something from Gottfried, and want to explore what the practical implications of an exchange of views between us, along with other Deliberately Considered contributors and readers, can be.

We certainly won’t come to agreement on some fundamentals. I don’t believe that the confrontation of our ideas will yield a higher dialectical truth. I am pretty sure that on some issues it is a matter of prevailing, not convincing. He writes about the “our oppressive anti-discrimination apparatus,” while I see only reasons to celebrate the struggle against discrimination, racism, sexism and the like. I see no possibility of compromise here. In fact, I regret that things haven’t changed as much as I think they should and welcome political action to move things forward.

Yet, I believe that there is a possibility that differences such as those that divide Professor Gottfried and me can be civilized, and not simply be about confrontation. A starting point is sharing insights, and I think I see one based on our opposing appraisals of the present state of American political culture. I see, and worry about, an ascendant know-nothing right, while Gottfried is deeply concerned about the ascendance of the post Marxist left. These differences, I believe, ironically point to a compatible understanding.

Gottfried’s diagnosis of the present political climate does indeed surprise me:

Those who oppose this [post Marxist pc] Left are fighting from a steadily weakening position. They have lost the cultural war to the state, our educational system and MTV; and as the . . .

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March 4th, 2012 | Tags: , , , , , , , , ,

Do the Right Thing: Responding to the Economic Crisis

By William Milberg, September 19th, 2011
Out of work sign along side of road in Atlanta, GA, May 2009 © Just some dust | Flickr

Beyond the 1937-like craze in Congress today over cutting the budget deficit, there is a more serious debate going on in the US over how to stimulate aggregate economic demand in order to spur more rapid job growth. In this debate, there are competing views over whether to raise spending or cut taxes – sometimes referred to as left Keynesians and right Keynesians. Macroeconomists have mainly favored the spending route because the historical evidence is that spending gives more bang for the deficit buck since the initial impact brings a one-for-one boost to demand, while a tax cut initially loses some bang because tax cut recipients initially save a part of their higher disposable income. But there is agreement among those who engage in this debate that tax cuts too will stimulate demand and job growth, especially when they are aimed at lower income Americans who spend more of their disposable income on the margin than do the rich.

In fact, the greatest moment of success of Keynesian policy in the history of the United States is not the New Deal, as is often claimed by proponents of greater deficit spending in the current crisis. The height of the influence and success of Keynesian policy advisers was the Kennedy administration’s income tax cut of $13.5 billion over three years. The policy was strongly urged by President Kennedy’s Council of Economic Advisers, led by the great American Keynesian economists James Tobin, Walter Heller and Arthur Okun. Facing unemployment rates around 7 percent, the economists sought to bring it down to 4 percent. By early 1964 (after Kennedy’s death), the proposal was passed into law. The tax cut is attributed with moving the economy to 4 percent unemployment and a very high rate of capacity utilization. In his history of that era, Michael Bernstein (A Perilous Progress) writes that “by the fall of 1964 the success of the tax cut was so apparent that, in the words of Arthur Okun, ‘economists were riding . . .

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September 19th, 2011 | Tags: , , , , , , , , , , , ,