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Even a broken clock is right twice as often as a neoliberal economist! (lemmygrad.ml)

submitted 2 days ago by [email protected] to c/[email protected]

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https://www.economist.com/finance-and-economics/2025/04/24/economists-dont-know-whats-going-on

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[–] [email protected] 14 points 2 days ago (1 children)

Blame crumbling statistical offices

Yeah ok, but no amount of data is going to give you good predictions if your models are fundamentally wrong. So even more we should blame the economists themselves, because it is they who are working from erroneous anti-materialist theories, and blame the economics faculties that indoctrinated them with this failed neoliberal dogma.

[–] [email protected] 10 points 2 days ago (1 children)

Capitalist economists are no better than priests, as the saying goes.

[–] [email protected] 5 points 1 day ago* (last edited 1 day ago)

The priests are the capitalists serving at the altar of capital. These economists are the leftover candlewax from a day of fervent praying.