General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNeoliberalism is dying....
I was reading this thread on DU.. titled
"Neoliberalism Will Soon Force Americans to Leave the United States"
http://www.democraticunderground.com/10027929368
Later, I was reading this piece in the Guardian. Maybe we don't have to leave..maybe neoliberalism is on its way out.
"....it is the very technocrats in charge of the system who are slowly, reluctantly admitting that it is bust.
You hear it when the Bank of Englands Mark Carney sounds the alarm about a low-growth, low-inflation, low-interest-rate equilibrium. Or when the Bank of International Settlements, the central banks central bank, warns that the global economy seems unable to return to sustainable and balanced growth. And you saw it most clearly last Thursday from the IMF.
What makes the funds intervention so remarkable is not what is being said but who is saying it and just how bluntly. In the IMFs flagship publication, three of its top economists have written an essay titled Neoliberalism: Oversold?.
The very headline delivers a jolt. For so long mainstream economists and policymakers have denied the very existence of such a thing as neoliberalism, dismissing it as an insult invented by gap-toothed malcontents who understand neither economics nor capitalism. Now here comes the IMF, describing how a neoliberal agenda has spread across the globe in the past 30 years. What they mean is that more and more states have remade their social and political institutions into pale copies of the market."
http://www.theguardian.com/commentisfree/2016/may/31/witnessing-death-neoliberalism-imf-economists
appalachiablue
(41,047 posts)Warpy
(110,900 posts)A lot of the "out of the EU" videos are stuffed with it.
SheilaT
(23,156 posts)If Hillary becomes President it will roar back stronger than ever.
pampango
(24,692 posts)Not a great choice!
AtomicKitten
(46,585 posts)bigwillq
(72,790 posts)Hydra
(14,459 posts)Suck the money out of the workers, then kill them off by starvation. Who needs them now? They have automation to provide all their needs and a fair sized pool of servants to abuse.
zeemike
(18,998 posts)Because what characterizes them more than anything is contempt for the "little people".
And it could explain why they are hell bent on starting war around the world and stirring up conflict at every level of society.
Hydra
(14,459 posts)Their contempt is probably heartfelt, but it's also probably a nagging feeling that they are not as awesome as they pretend to be. They give each other awards and talk about "legacies" in an endless circle jerk while working people build and maintain the world they depend on.
I think Orwell really nailed it in 1984 when he reveals the people in charge would rather have a low standard of living than give up their status of being above the law and causing hellish misery to people.
pampango
(24,692 posts)came along. Under Harding, Coolidge and Hoover income inequality and desperation of the 'little people' reached levels that we still have not surpassed even today - though we are awfully close. The HCH boys got us there with good ol' conservative policies - union busting, tax cuts for the rich, deregulation and high tariffs. FDR reversed all of that.
Trump seems to want to go back to the ol' HCH days in terms of his economics. Those days were 'good' only for the 1%. We need to return to the genuine liberalism of FDR.
Wounded Bear
(58,436 posts)the income inequality and wealth redistribution that comes out of neo-liberalism is not a bug, it is a design feature.
It is working exactly as planned, and quite well, thank you.
roamer65
(36,739 posts)rusty quoin
(6,133 posts)Their arguments are crazy. In a post Rush Limbaugh world, I would outlaw brainwashing through radio.
Triana
(22,666 posts)It can't happen soon enough.