4 ms·
i would guess there's still a large majority of americans, esp in the intellectual/managerial/upper classes, who believed and still believe all the 'free trade'
by readonthegoapp 4y ago
i would guess there's still a large majority of americans, esp in the intellectual/managerial/upper classes, who believed and still believe all the 'free trade' stuff -- the dynamism and creative energy of capitalism, etc.
if i had to put a number on it, prob 95% of people in the upper 10% of income/wealth in america believe all the standard myths about capitalism and free trade and competive advantage, etc. and 99% of VC-types.
chomsky always says how the countries that do best mimic what we do instead of what we tell them to do.
there's a reason people like matt y and ezra k and myriad others get so highly paid -- they have to write and speak complete nonsense on a daily basis. they prob even believe what they're saying sometimes. how could they not? the cognitive disonance would be too much for anyone.
- iforgetti 4y agoI recommend reading some of the original economic theory that undermines the “Chicago School” free market thinking of Milton Friedman and others who it seems you are so fed up with. One good place to start might be the work of Friedrich Hayek. If you are like me, you might start to have a more nuanced view than “It’s not true!!”. Hayek for example despite being in many ways the father of this work was very explicit about the role of government and the many areas he considered government intervention essential.
- readonthegoapp 4y agoaustrian school guy? like von mises? one of the early neoliberals? i went thru a bunch of that 20 years ago after stumbling on antiwar.com. i think hayek and i prob have diff views on how to use state power. https://chomsky.info/20210916/ https://chomsky.info/20210916/ Friedrich Hayek, the moral leader of neoliberalism, visited and said he was impressed by the freedom under Augusto Pinochet and said he couldn’t find a single person in Chile who didn’t think there was more freedom under the Pinochet dictatorship than under Allende. Somehow he couldn’t hear the cries of anguish from Via Grimaldi and other torture chambers. that guy?
- iforgetti 4y agoYep that guy, except I suggest reading his actual work instead of basing your thinking on what someone else thought he thought.
- avbanks 4y agoIs China actually conducting Free Trade to the United States?
- hkdjkfjhfkfjgh 4y agoyes, they are just better are managing their industry incentives, and have better regulation that cap profits and cause the 20pct investment back in R&D the top comment mentioned. shrug emoticon
- avbanks 4y agoHow does this relate to Free Markets? Or is this sarcasm?