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Quote:
The top researchers conclude noting that the “evidence of the economic damage from inequality suggests that policymakers should be more open to redistribution than they are."
Wrong all along: Neoliberal IMF admits neoliberalism fuels inequality and hurts growth
In other news:
View attachment 67202111
Yeah, that quote holds the most certain key, 'cause, yanno, its worked everywhere its been tried...:lamo
What has? Neoliberalism?
He must be talking about communism. "It's worked everywhere it's been tried."
Communism? I wonder where he got that?
I think he was triggered by the term, 'neoliberal' without actually knowing what it means. If there's liberal in it, it must be unworkable.
Without a doubt he does not know what it means. I struggle with it myself. I just wanted to say that the afore mentioned sarcastic quote is a popular preface for communism spiels.
Quote:
The top researchers conclude noting that the “evidence of the economic damage from inequality suggests that policymakers should be more open to redistribution than they are."
Wrong all along: Neoliberal IMF admits neoliberalism fuels inequality and hurts growth
In other news:
View attachment 67202111
The quote is the first thing in the OP... it says and I quote:What has? Neoliberalism?
The quote is the first thing in the OP... it says and I quote:
"Quote:
The top researchers conclude noting that the “evidence of the economic damage from inequality suggests that policymakers should be more open to redistribution than they are."
No, I am saying that redistribution is not a good thing. Its, yano, stealing... doesn't work.Still unclear. You're saying that the neoliberal policies of the IMF should continue unchanged, yes?
No, I am saying that redistribution is not a good thing. Its, yano, stealing... doesn't work.
Get over yourself man, really. You couldn't even find the quote, which WAS the first line. I read the damned silly article, its pure bunk as was their conclusion.Right. And in the context of this thread, as regards the IMF policy makers...
You haven't read past the headline, have you. Never mind.
I opened the article and I see right away a misconception.
"Neoliberalism refers to capitalism in its purest form. It is an economic philosophy espoused by libertarians"
Neoliberalism is 'not' capitalism in its purest form. That's a very glaring error that triggers an almost immediate invalidation of this article and a desire to quit even reading the rest. but I read more. Just to be clear Classical Liberalism is capitalism in its purest form. Neo liberalism is the middle ground between classical liberalism and socialist planned economies.
Anyway this article then goes on to somewhat demonize a success story like Chile, and then comes to a close by mentioning the failures of Greece.. implying neoliberalism there.. and then linking to an article. Following the link to 'that' article we find Greece's Ex-finance minister blaming the EU and the US for bleeding Greece dry in austerity measures all for the banks. What else would you expect by an ousted finance minister to do except blame everyone else for failure.
We all know Greece was circling the fiscal toilet bowl before any austerity measures were even talked about.
Get over yourself man, really. You couldn't even find the quote, which WAS the first line. I read the damned silly article, its pure bunk as was their conclusion.
Got it? If not, you need to ask someone...else. I debate, I don't try to perform miracles.
I think it depends on implementation and other factors involved. Under Reagan, Thatcher, GHWBush, Clinton we had expansion of economies generally. Too much involvement by government in a mixed economy, which is too anti-laissez-faire, became the problem later.Beyond the first line (and there was no way of knowing from your post whether you were referring to the first line or the title), beyond the first line, what in the article is bunk? Do you disagree with this quote...
In analyzing two of neoliberalism’s most fundamental policies, austerity and the removing of restrictions on the movement of capital, the IMF researchers say they reached “three disquieting conclusions.”
One, neoliberal policies result in “little benefit in growth.”
Two, neoliberal policies increase inequality, which produces further economic harms in a “trade-off” between growth and inequality.
And three, this “increased inequality in turn hurts the level and sustainability of growth.”
See, I'm of the opinion that an economy works best when capital is in many hands, not controlled by a few. When they say 'redistribution', they're not talking about taking money away from you and giving it to someone else, they're talking about allowing the many to have the opportunity of earning and creating wealth. Austerity measures and allowing free movement of capital out of the country just remove the opportunity for growth, protect the privileged class and prevent the rise of a middle class which is the foundation of a successful capitalism.
What's your thinking on it?
"have not delivered as expected,” the economists write in “Neoliberalism: Oversold?“, a study published in the June volume of the IMF’s quarterly magazine Finance & Development.
Salon ??? :roll:
In one way or the other we've had unprecedented Government interference in the American economy for the last 25 years so, is " neo - liberalism " causing disparity ?
Nope.
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