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Seems like these analyses fail to take into account generational issues. Those who grew up in the Great Depression or World War Two had very good reasons to be
by m0llusk 3y ago
Seems like these analyses fail to take into account generational issues. Those who grew up in the Great Depression or World War Two had very good reasons to believe in a shared social obligation to manage society for the benefit of the general population. Those who grew up in the Postwar years had no similar shared crises and found themselves having to constantly struggle against authorities in a broad range of forms.
The thing that bothers me most about neoliberalism is that being pervasive means that the whole idea of tuning economic systems for general benefit is largely gone. In that place is a common belief in Late Stage Capitalism as the inevitable death of the larger whole as it is sucked dry by elites. This complicates even the most basic discussion of economic systems and their potential tuning and regulation.
- zozbot234 3y ago> The thing that bothers me most about neoliberalism is that being pervasive means that the whole idea of tuning economic systems for general benefit is largely gone. The exact opposite is the case. From the mid 1980s to the recession of 2008 or so (which, much like the 1930s depression, was due to mismanagement by central banks in the U.S. and Europe), the macroeconomy was successfully "tuned" to an impressive degree in many developed and middle-income countries. That was a direct outcome of the "neo-liberal revolution".
- kjkjadksj 3y agoCan you cite examples? Its also impossible to know if such gains would have simply been inevitable, or even further if policies focused on social good over establishing profitable industries for global traders to engage with. For example I think the nationalization of the oil industry in Norway has lead to much better outcomes for the average Norwegian than if they simply granted extraction rights to BP perhaps.