Guns & Butter: The Vocabulary of Economic Deception

submitted by Tom_Bombadil from michael-hudson.com

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[–]SundogsPlace 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

The man touches on something that's long been on my mind; through languages, and barriers there to, they can more easily manipulate. An example... Mortgage.. It's a word not used from what I know in Spanish, and most romantic languages. In Spanish, they call them Hipotecas. I'm not sure what the root meaning of that is, but hey, I do know that a "Mort" is Death, and "gage" is grip; so Latin base for Mortgage-DEATH GRIP.
Go figure they don't use that verbiage in Spanish!

[–]Tom_Bombadil[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

I've got to pay... The DEATH GRIP!!!.

Edit: Great comment, by the way! :-)

[–]FormosaOolong 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Wow, this guy is so clear. I'm so glad that he is addressing the misappropriation of language, as it's so rampant now, along with its cousins regulatory capture, dog-whistling, and whatever you call all those agencies and NGOs that do the opposite of what they are named.

[–]Tom_Bombadil[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

The tragedy is that there classical economic thought isn't even taught in universitys.
Modern economics ignores the basic principles that allowed the free market to develop present for every member of the community.
Today students no longer lean the basics. Back fees and interest are both considered profit for the economy, rather than a tax.

Edit: Great point, by the way! :-)

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The only thing I find odd is that his father was a trotskyite and I'm not really fond of Trotsky. He seems to push marxist Ideas, though he is right when it comes to the neoliberal agenda,