Is neoliberalism really dead? Or does it live on like a zombie?
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Political economists Radhika Desai and Michael Hudson discuss neoliberalism, and the premature predictions about the demise of the free-market fundamentalist...
  • Fleamo@lemmy.world
    4·
    8 months ago

    It’s doing fine. There are many free trade deals in the works around the world, the WTO is still chugging along as normal.

    I’d actually say the idea of minimal government control over the economy is still the majority opinion in the US, Biden’s Child Tax Credits are tax cuts, Trump had tax cuts. UBI which has been growing in popularity on the Left is really a neoliberal solution to welfare.

    And on trade we just renegotiated NAFTA and kept it and we’re working on a trade deal with the UK. You think the trade barriers to China are this big turn against neoliberalism but nobody has even had the ability to pass a law about it, the sanctions law is all repurposed from the Cold War.

    • givesomefucks@lemmy.worldEnglish
      2·
      8 months ago

      Yeah, it’s clickbait.

      Neoliberals controll the dem.party, and they’re not giving it up even if that means Republicans keep winning elections.

      Hell, James Carville is still running around DC saying the same stuff.

      Neoliberalism is alive and well, and that’s the problem.

      • davelOPAEnglish
        23·
        8 months ago

        Betteridge’s law of headlines: Any headline that ends in a question mark can be answered by the word no.

          • davelOPAEnglish
            13·
            8 months ago

            Because it’s the best one hour exposition on neoclassical/neoliberal economics I’ve ever seen, and Michael Hudson and Radhika Desai are two of the best geopolitical economists I know.

    • davelOPAEnglish
      24·
      8 months ago

      Correct, and many of these points are highlighted in the video.

  • fosforus@sopuli.xyz
    12·
    8 months ago

    Can you buy a new phone in USA and Europe right now? If yes, then neoliberalism is alive.

    You might be able to do so without neoliberalism, but such a system does not exist right now, it would take a lot of time to happen and in the mean time you would have no international supply chains.

    As a personal note, I find it very probable (and with the current level of knowledge about economics, desirable) that neoliberalism will never die.