Why speak like they’re different people? This was always the endgame of neo liberalism. It’s a shit philosophy that doesn’t make any practical sense.
It makes sense for capital, until it destabilizes the system due to depressing wages, till aggregate demand falls to the point there’s not enough people buying the production and you end up in depression.
Yeah, capital is fundamentally opposed to democracy because democracy means people without capital can get more power in society than those that hold more capital. What could possibly be the result of a system that removes the brakes from capital exercising its power other than the erosion of the power people without significant capital have. Which then results in further capital accumulation, which results in further disempowerment of regular people, in a feedback loop. Hell we even shoveled important public property into private capital’s hands… And here we are at near historic level of income and wealth inequality.
And it isn’t just me saying this. If you examine some of neoliberalism icons’ musings, you’d discover they see democracy as a hindrance to the full realization of an absolute free market economy, for this exact reason. People tend to vote against the privatization of public services they depend on, and against stripping labour rights to name a couple of things that tend to rain on neoliberalism’s parade.
Neo liberalism meaning free market solutions to problems?
Our loose monetary policy distorts lending and debases our salary, with the Federal government now literally buying half of all mortgage bonds. Housing can’t be built due to sprawled zoning, huge developer taxes, and massive greenbelt. We have supply side economics so a decent cheese is 20$ a loaf.
Give me one area where Canada is a neo liberal hellscape like this article let’s on. I’d argue we have the reverse, and Carneys free trade within Canada plan is barely scratching the surface of the problems we need to fix with government intervention.
We’ve even got a new housing minister that says housing prices shouldn’t come down because its now an investment vehicle, after Trudeau essentially said the same thing, then you have to wonder why the poor are so much worse off.
Yes, yes, clearly we haven’t given the rich enough power. If only we gave them more, then they’d solve all our problems! Let’s abdicate our responsibility to each other even harder!
That’ll surely fix things this time!
Do all the highest cost businesses not all have the largest government regulation?
Telecoms, housing, dairy and cheese, alcohol; even maple syrup is a cartel in Canada, its not normal that a tiny glass bottle should be so expensive.
