3 ms·
Here working with abstractions causes a loss of connection to the various factors that contributed to our path. The resurgence of liberal capitalism came after
by m0llusk 7y ago
Here working with abstractions causes a loss of connection to the various factors that contributed to our path. The resurgence of liberal capitalism came after decades of elites dealing with a 90% income tax rate and unions so powerful that their ability to actually produce anything for a profit was beginning to slip away. But of course the author has little if any knowledge of or empathy for contemporary business people now let alone such folk from decades ago.
All this talk of isms is supposed to be enlightening guidance, but ultimately governments need to set rules and tax rates and respond to various challenges. The mapping from ism to action is hardly ever direct and often ends up lost in mystery and obscurity.