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Neo liberal, but yes.
“liberal economics” ? Seriously? This flowchart describes every POS robber baron capitalist for the last several centuries.
Economic liberalism is the economic theory of both American parties. Idk how it came to be applied to only the democratic party but that’s incorrect. OP is presumably critiquing economic liberalism from a leftist perspective, of which the Democrats are not
Right?! This is gaslighting pure and simple. Trump gave tax breaks to his corporate cronies on the backs of the poor and middle class. Was Trump a liberal? How about Bush? Clinton (who was a Democrat) made substantial strides toward fixing the economy. But I guess he was a conservative? Idiots don’t know the meanings of words. Next you’ll tell us that socialism and communism are both the same thing and what liberals want for the country.
People upvoting this do not understand geopolitics.
People who think this is geopolitical don’t know what “geo” means
I don’t get it. Billionaires do billionaires things, but this meme being made the same week as a liberal policy requiring fair taxes for the rich to cover social security for the next 75 years makes this poster 100% out of touch.
Liberal in economics and Liberal in US politics mean two very distinct and different things. It’s like the way a ‘runner’ in a race is different to a ‘runner’ in a restaurant. They’re not the same things at all.
Economic liberalism means free trade and deregulation. If it makes money, it’s good. Neoliberalism is also referred to as ‘hypercapitalism’.
‘Liberal’ in US politics means ‘left of the GOP’ and is its own unique thing. It bears no relation to economic liberalism at all. The two may coincide but they’re independent of one another.
Which policy is that? Does it have a built in way to prevent accumlation of wealth? Maybe a death tax? Maybe some nationalizing of industry’s? No? Then it sounds like you are the one out of touch.
That’s not “liberal economics”, that’s just “Capitalism in practice”.
You just said the same thing twice
Have you noticed how liberalism is always pro-capitalism?
Uh, liberals tend to want to shift capitalism towards something more equitable - you know, something that doesn’t leave so many people jobless or homeless.
liberals tend to want to shift capitalism towards something more equitable
No, they don’t - they try to reform capitalism to head off revolt against the capitalist status quo. That is why liberal reforms to capitalism (at best) only makes life better for a certain part of the working class - see how Roosevelt’s GI Bill left black vets and their communities out in the cold for an example. When this fails to protect the capitalist order, liberal-types will happily co-operate with fascists to violently repress the working class - see Weimar Germany for an example of that.
If you are the reading type, I’d suggest Clara Mattei’s The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism - I haven’t encountered anyone who explains the history as well as she does.
Liberals are not your friends - Malcolm X was perfectly accurate when he described them as “smiling foxes.”
There’s 0 real economists who hold anything close to these views. What a stupid take. Before you downvote, I ask that you find a single source that contradicts my claim. Since all liberal economics is like that, it should be easy, right?
Sure, real economists don’t explicitly hold those views. But the kinds of metrics and models liberal economists are fond of using basically lead to that flowchart.
Doesn’t matter what academics think or teach when this is what happens in the real world
Examples? I would love some free billions!
Well you need to start with a bunch of billions and some billionaire friends.
that’s billions of tax payers money with the tax burden being disproportionately heavy for the 90% while the 10% pay less and less taxes the richer they are
I like how on lemmy you see both how much upvotes and downvotes you have, on reddit you could have a score of 1 and don’t know much has happened, but with lemmy you could have 50 upvotes and 49 downvotes, making you really think about it…
Not only that, but admins and kbinners can actually view which accounts upvoted and which downvoted each comment.
False, the bottom 90% paid about 25% of income taxes (in the US at least). https://taxfoundation.org/publications/latest-federal-income-tax-data/
it’s about the percentage of income paid, not the net sum
Ok, so what percentage of income do the various income brackets pay?
Why don’t you look it up?
Liberal economics be like let’s get rid of capitalism
No, those are socialist economics.
To-may-to to-mah-to
Yeah that’s the scam. Not actually liberal
It appears you havent read your own link there.
reagan’s a liberal?
He’s a neoliberal which is an economic stance that promotes deregulation of the markets and support of free trade along with government austerity.
