When I was in high school and taking an economics class, my teacher explained it to us that very low unemployment is a bad thing that only happens in bad places
When I asked how forcing some people out of the labor market to artificially keep wages low is any different than laws mandating price ceilings or rent control in terms of fucking with the free market, you could see the gears grinding to a halt in his head
My econ 101 teacher showed us a short film titled "Rent control". It depicted a landlord murdering his tenants after collecting a key deposit. It was implied that rent control was the problem.
Wilder than actually being made to watch that was the fact that some econ students had made that for a project.
Neoliberal ideology doesn’t advocate for a complete free market without any state intervention, that’s the oldest Classical Liberal ideology. Neoliberal ideology allows the bourgeois state to meddle in the market as long as it does it on behalf of the bourgeoise.
Hence artificially suppressing inflation is fine. Propping up banks and corporations and socializing their losses is fine. Artificially increasing unemployment is fine.
I mean in truth neoliberal is just an ideological front for class warfare in practice.
But ideologically neoliberalism very much does conceive of itself as a return to late 19th century "classical liberal" principles. Its just that they constantly violate their own so-called principles routinely because their ideology is dumb and wrong and fails constantly. But they pretend the logic is sound every time.
Nah something like a fiat currency controlled by a central bank with price controls to manipulate the economy was definitely not acceptable to a Classic Liberal, while it is the center of Neoliberal thought. There is a difference
When I was in high school and taking an economics class, my teacher explained it to us that very low unemployment is a bad thing that only happens in bad places
When I asked how forcing some people out of the labor market to artificially keep wages low is any different than laws mandating price ceilings or rent control in terms of fucking with the free market, you could see the gears grinding to a halt in his head
My econ 101 teacher showed us a short film titled "Rent control". It depicted a landlord murdering his tenants after collecting a key deposit. It was implied that rent control was the problem.
Wilder than actually being made to watch that was the fact that some econ students had made that for a project.
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:mao-aggro-shining: Opposite day motherfuckers :mao-aggro-shining:
My landlord hands me an eviction notice, but I slap down the Reverse card from Uno
You're evicted from life, leech :xi-gun:
Neoliberal ideology doesn’t advocate for a complete free market without any state intervention, that’s the oldest Classical Liberal ideology. Neoliberal ideology allows the bourgeois state to meddle in the market as long as it does it on behalf of the bourgeoise.
Hence artificially suppressing inflation is fine. Propping up banks and corporations and socializing their losses is fine. Artificially increasing unemployment is fine.
I mean in truth neoliberal is just an ideological front for class warfare in practice.
But ideologically neoliberalism very much does conceive of itself as a return to late 19th century "classical liberal" principles. Its just that they constantly violate their own so-called principles routinely because their ideology is dumb and wrong and fails constantly. But they pretend the logic is sound every time.
Nah something like a fiat currency controlled by a central bank with price controls to manipulate the economy was definitely not acceptable to a Classic Liberal, while it is the center of Neoliberal thought. There is a difference
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Something along the lines of "It's fine when companies do it, but it's authoritarian when governments do it"
Which is precisely the moment I lost respect for him
Now my history teacher who was a full-blown Marxist and would let me skip class, he was great