Memes

Have you noticed how liberalism is always pro-capitalism?

You just said the same thing twice

Economic liberalism is the economic theory of both American parties. Idk how it came to be applied to only the democratic party but that's incorrect. OP is presumably critiquing economic liberalism from a leftist perspective, of which the Democrats are not

the one of (neo)liberalism. An economic state which is accepted and perpetuated by virtually all sides of the culture war

Doesn't matter what academics think or teach when this is what happens in the real world

Economists may not be like that, but politicians are, and they're the ones that run the economy.

Were you not alive during the 2008 global financial meltdown? Where the entire world had to subsidize the 1% because the banks they own sold garbage mortgages?

What about more recently with the bank runs that we had a month or so ago? The fed implented a new "insurance warranty" to make banks whole again "without using tax payer funds" but we both know that's a load of bullshit...

Now we have this never ending inflation, interest rates only going up for who knows how long... Literally siphoning your money from whatever savings you have left and if you're already broke, they are taking away any buying power you had and taking it down to nothing...

So yea, fuck whatever bullshit economic theory or whatever academic bullshit you are talking about, regardless of whatever "politics" it's tagged under... Its the 1% snatching away any and all power that the people accumulated over this covid recovery (strong labour market, practically 0 interest during peak covid, work from home, etc)

Thanks for listening to my Ted talk..

*a word

Sure, real economists don't explicitly hold those views. But the kinds of metrics and models liberal economists are fond of using basically lead to that flowchart.

good one

Neoliberal economics

"Further right than leftists" economics

The use of the word liberal here is not the same as the one used by the one commonly used in conversation. This meme is talking about neoliberalism which is the dominant economic idea in the US and UK right now.

First of all, I don't know which country you are talking about which put these policies in place. And it does not matter as it does not alleviate the exploitation inherent in capitalism, it only puts a nice coat of paint over it...

I like how on lemmy you see both how much upvotes and downvotes you have, on reddit you could have a score of 1 and don’t know much has happened, but with lemmy you could have 50 upvotes and 49 downvotes, making you really think about it…

the chicago school is just a natural development of capitalism. In competition instead of cooperation, the winner absorbs the looser and cetralizes production more and more into oligopolies. Even if you turned back the time before the era of "crony/coorperate capitalism" it would take but a bit of time to get back to the state we are in right now...