3 ms·
I think this reverses causality; our values were carefully eroded by right wing think tanks and so on pushing free market ideology. Deregulation resulted, along
by astazangasta 11y ago
I think this reverses causality; our values were carefully eroded by right wing think tanks and so on pushing free market ideology. Deregulation resulted, along with financialization.
- vixen99 11y agoGeneralized claptrap. You merely use cliches like 'free market ideology' which unless you give a specific example could mean just about anything. By the way, which right wing think tanks advised governments to take on borrowing to the insane levels that some have? The house will come tumbling down one day. As for 'financialization'. What does that mean? It certainly sounds terrible and we should stop it immediately.
- mcnamaratw 11y agoIn the US, the high borrowing levels are pretty much straight Reaganomics. Arthur Laffer was an early proponent. GHWB lost an election by trying to apply the brakes, and here we are.
- astazangasta 11y agoFinancialization means the fraction of GDP in the finance sector. You can graph it. https://en.m.wikipedia.org/wiki/Financialization https://en.m.wikipedia.org/wiki/Financialization Free market ideology means stuff peddled by CEI, Heritage, Grover Norquist - tax the rich less, deregulate, fight unions. This doesn't seem especially nonspecific to me. Also, spending as fraction of GDP hasn't changed that much over time. What has changed is interest rates, which leads to debt accumulation.