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0 sats \ 9 replies \ @Solomonsatoshi 3 Feb \ parent \ on: Baby-Boomers are Loaded. Why Are They Not Spending? (The Economist) econ
The neoliberals of the 1980s did most of the damage.
Just as the Libertarians are continuing on with the same proven to fail and proven to enable corporate rentseeking 'free markets fix everything' nonsense.
Mixed economies where cartels and monopolies are strictly regulated are more productive than the crony capitalism that neoliberalism has delivered.
Liberalism does not fix this...it just continues the same fallacies and empowers the market monopolists and crony capitalism.
Today China is building global infrastructure at a rate never equaled by the west even when the west was a largely functional mixed economy-1930-70.
Will Libertarians one day answer for their naive misguided dogma undermining western civilisation?
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Yeah, I'm very confused where this dude is looking.
No place where "libertarian" notions rule
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Correct (and for good reason) but they do predominate in certain circles including SNs and Bitcoin, and influence the narrative creating hostility toward government, voter apathy, and thus ideal conditions for rentseeking corporate parasites....just as neoliberalism did.
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So, first off drop the "neolib" — it's not a thing. A poltergeist invented by the leftists.
Second, that libertarian ideas dominate bitcoin and SN is quite irrelevant for 20th c political history or what's going wrong with western civ currently.
If it weren't obvious, SN posters and Bitcoiners are fringe to the world
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Telling me what words I can use- very Libertarian!
Libertarians are the direct generational sequence following neoliberals who quite rightly fear even being identified for the crimes they committed against western civilisation.
The markets will fix everything and greed is good sound familiar?
Oh and lets not forget dismissing climate change are a conspiracy despite the global scientific consensus that it is a real and already measured and potentially catastrophic problem- just take some more hogwash from the Koch Brothers and rename the narrative Libertarian.
Libertarian=neoliberals=millennials=boomers.
China has won the trade war because these corporate lobby enabling rentseekers captured the narrative...and the governments of western nations.
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of course not
Libertarians are not relevant lol
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Libertarians are a continuation of the neoliberal 'government is bad' 'markets solve everything' nonsense.
The neoliberals certainly degraded western civilisation and the Libertarians want to continue in the same greed is good climate change denial corporate rentseeking servility, and resultant societal and economic descent.
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You think mixed economies, or China = functional, is the foundation of western civ??
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Show us an empire that gained wealth and power without the crucial role of the government being central to its success?
SILENCE.
Governments are crucial to the wealth of nations and always have been.
The Chinese government regulates and controls big capital deliberately and particularly where it seeks to rentseek or manipulate the market at the expense of the wider economy - this used to also be the case in western liberal democracies at least until the neoliberals captured our governments via patronage.
The western governments and economies are today corrupted, directed by big capital. (AKA crony capitalism) This is where your Libertarian/neoliberal (market knows best) dogma/narrative gets us to- economic and societal ruin and inability to compete with China where the government crushes rentseeking corporates who would weaken the wider economy.
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