I would add another reason neolibs and monetists in general oppose full employment: they believe it would be inflationary in addition to improving wages and quality of life, and inflation is typically bad for fictitious capital, hurting returns on stocks and bonds and so on. No matter that it keeps people impoverished so long as line go up (piles of money for capitalists).
This is the more proximal thing that they pay attention to, but it has the same incentives and outcomes. They achieve it in a lot of ways, but domestically it's by advocating for higher interest rates when the proletariat gets "too employed".
Yeah with econ it all ends up being financial smoke and mirrors to mean exactly the stuff you said, with these types tweaking dials that sound boring and innocuous but actually intentionally immiserate the masses.
That's a great way to put it and I bet that you did. Social murder is a concept that libs are open to but don't know how to process. Well most of them, at least.
I've gotten a few libs to agree that inadequate covid response was social murder, then explained what it was and where the term came from. Material reality is definitely helping cut through ideology for more people
Great, pithy overview!
I would add another reason neolibs and monetists in general oppose full employment: they believe it would be inflationary in addition to improving wages and quality of life, and inflation is typically bad for fictitious capital, hurting returns on stocks and bonds and so on. No matter that it keeps people impoverished so long as line go up (piles of money for capitalists).
This is the more proximal thing that they pay attention to, but it has the same incentives and outcomes. They achieve it in a lot of ways, but domestically it's by advocating for higher interest rates when the proletariat gets "too employed".
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Yeah with econ it all ends up being financial smoke and mirrors to mean exactly the stuff you said, with these types tweaking dials that sound boring and innocuous but actually intentionally immiserate the masses.
deleted by creator
That's a great way to put it and I bet that you did. Social murder is a concept that libs are open to but don't know how to process. Well most of them, at least.
I've gotten a few libs to agree that inadequate covid response was social murder, then explained what it was and where the term came from. Material reality is definitely helping cut through ideology for more people