- cross-posted to:
- collapse@lemmy.ml
- main
- cross-posted to:
- collapse@lemmy.ml
- main
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lmao children per mother dropping from 5 to 2 is collated with that as a Bad Thing, and the discussion section links to a bunch of bitcoin podcasts. Decent data to use to talk about the shit we're currently in, but that blog is :libertarian-approaching:
the discussion section links to a bunch of bitcoin podcasts
and an actual documentary by none other than Murray Rothbard lmao
It gets posted on WSB all the time. It's got some good info and it's worth a critical read, but goddamn, it is dripping with ideology.
there's a Hayek quote at the bottom, almost definitely
[graphs of all the ways people got fucked by neoliberalism as the turning point of the cold war toward capitalist rollback and restoration]
you see, this is why everything should be privatized even more than it already is, and also there should be no way to increase the money supply during inevitably recurring crises of capitalism, uhm, I mean, recessions.
They're gonna say it's the end of the gold standard 🙄
This is one of those correlation-causation things, they took the gold standard away precisely because they wanted to do things that would freeze wage growth, cause massive inflation, etc. Neoliberalism had to be facilitated by the end of the gold standard.
The actual peak in profitability was the late 60s, I think 1968. Its all been downhill until the 90s where it recovered (nowhere close to the height of the 60s) until 2008 and its all just been decline since.
You can read a Marxist interpretation of that change in Giovanni Arrighi’s The Long Twentieth Century (as well as similar crises in the past history of capitalism)
Basically he posits that there are these cycles of accumulation that repeat over time in different dominant capitalist powers (Genoa->Netherlands->UK->USA)
First there is a period of growth and increased investment/profit in the real material economy. Over time the rate of profit falls leading to a crisis of profitability, after which capital is increasing invested in finance as it is more profitable.
Eventually there is a terminal crisis and another power takes over the dominant position, beginning a new cycle, probably China at the end of this cycle. Also, the cycles get shorter and shorter each time
There’s a lot more to it in the book, I think it’s worth reading if you’re interested in this stuff
