4 ms·
Plausible. Do you know if healthcare, higher ed, and housing are industries where cost trends are convincingly explained by neoliberalism, i.e. some combination
by shuckles 6y ago
Plausible. Do you know if healthcare, higher ed, and housing are industries where cost trends are convincingly explained by neoliberalism, i.e. some combination of deregulation and promotion of free trade and free markets? Or are you saying that the problem of affordability in these sectors can and should be entirely resolved by higher wages?
- dillonmckay 6y agoWell, all three are heavily subsidized by the government, so I would argue it is the opposite of the promotion of a free market and deregulation.
- vkou 6y agoI wouldn't blame education costs or housing costs on neoliberalism, I'd blame them on availability of low interest, little down credit for housing and student loans. Which, while being a bit of a neo-liberal policy is not a cornerstone of neo-liberalism (nor is even controversial among the left, much to my chagrin). Medical care is, of course, it's own awful mess. Higher wages wouldn't fully solve either problem on a society-wide level. If you chang nothing else, I'd expect that costs of all three would rise until they soak up every spare penny of the middle class.