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Yeah, the Energy Theory of Everything has been my running hypothesis for what actually happened to shift from the postwar consensus to neoliberalism.
by eli_gottlieb 3y ago
Yeah, the Energy Theory of Everything has been my running hypothesis for what actually happened to shift from the postwar consensus to neoliberalism.
- mikhailfranco 3y agoDepends what you mean by neoliberalism. Usually it is just a blanket pejorative, but if you mean decoupling of debt from reality, then you are correct. The 1980s of Reagan & Thatcher saw important strides in handing back the economy to market forces, but at the same time, derisking (undervaluing) credit to fund the investment necessary to backfill for government negligence. (Re)enabling market forces was good, unrestricted credit was bad.