Capitalism and Neoliberalism Have Made the World Better: Q&A with Johan Norberg
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- Опубліковано 30 лип 2024
- Johan Norberg of the Cato Institute speaks with Reason’s Nick Gillespie at ISFLC 2017.
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"People think the world is in chaos. People think that the world is on fire right now for all the wrong reasons," says author and Cato Institute senior fellow Johan Norberg. "There is a segment of politicians who try to scare us to death, because then we clamber for safety we need the strong man in a way."
But despite the political situation in Europe and America, Norberg remains optimistic. His new book, Progress: Ten Reasons to Look Forward to the Future, shows what humans are capable of when given freedom and the ability to exchange new ideas. "In the 25 years that have been considered neo-liberalism and capitalism run amok what has happened? Well, we've reduced chronic undernourishment around the world by 40 percent, child mortality and illiteracy by half, and extreme poverty from 37 to 10 percent," explains Norberg
Reason's Nick Gillespie sat down with Norberg during the International Students for Liberty Conference to talk about his book, the current political climate in the West, and how technology is creating a younger generation that will look past politics for answers to societal problems.
Click here for full text and links: reason.com/reasontv/2017/03/0...
Edited by Alex Manning. Cameras by Mark McDaniel and Todd Krainin.
"People think the world is in chaos. People think the world is on fire." Yup, that's what life is like in countries like Lebanon where I live.
Because you're right, it is. Again when you're in an echo chamber of privilege, you find the data that supports your pre existent biases.
How did Lebanon do during covid?
Oh Boy.
*grabs popcorn*
Can't wait to read the comments.
Nick Gillespie knew where to buy crack in Washington DC 20 years ago.
The mayor?
(Please realize that if that's the joke, I didn't watch the video.)
The talking points:
1) "the world is on fire" is a perception created by media and politicians who bypass the great progress made during the past decades. In other words, this is an issue of selective bias. Could be, and there is not deny that the world has become better in many matrics. But I think the Covonarivus also reveals that there are truly problems. They are not problems of life and death, but problems of living a decent life.
2) people in China, Vietnam, and India feel more optimistic while people in the U.S. and Europe are more pessimistic, because people in developed countries have more to lose than to gain. I would like to disagree. This is not just a problem of that in the case of the U.S. the younger generation is actually living a life that is harder than their parents, because literally they are having a harder time to find a stable, decent job.
3) problems that used to be accepted as norm are now understood to be problems. My response is the same as the first point: it doesn't mean that those problems are "fake" and not important. Sexual harrassment happended for a long time before it finally becomes a recognized problem. Does it mean that this whole thing is just a hoax?
4) younger generation is more cynical, and that's not necessarily a problem because they find more creative ways to solve the problems. My question is what are the creative ways being proposed, and what problems do they solve? Uber is creative, and certainly brings convenience to traveling. But it doesn't seem to solve problems such as the stagnent salary in the U.S. or the increase income inequality. But perhaps I am asking for too much.
The cause of stagnant salaries is the perpetually increased level of taxtortion, and government wasting everyone's hard earned money. Abolish government and we'll all be insanely wealthy in no time.
Has Johan Norbert considered acting on the side? I can see him playing action movie villain roles. He has that kind of resemblance.
You mean super hero or super smart protagonist.
Maybe this is the problem of overly generalized vague labels in the first place, but neoliberalism is not capitalism. Allowing certain areas of the economy to buy politicians for unfair advantages of power kind of contradicts the idea of free market principles.
Thurgor Supreme thank you good sir.
Amazing the shift of blame.
lol "neoliberalism is not capitalism"
Are you serious? Everything you said is the EXACT nature of an unregulated market.
Ya, we live in a neoliberal oligarchy. It was all proven true in 2008 when we bailed out to big to fail companies. If we had a true capitalist society then they wouldn't have gotten that big, and they would've been allowed to fail.
@@WolfAndLamb3 If members of an unregulated market become rich enough to control a government then the market becomes regulated in their favor.
@@WolfAndLamb3 Not a free market composed of individuals recognizing the importance of non-intervention and limited government power.
No podemos decir que el mundo está convirtiéndose en un lugar peor, pero tampoco decir que estamos bien totalmente. Con esto último me refiero a la cuestión ambiental, la cual evidentemente se ha tornado crítica. Concuerdo en las estadísticas con Norberg, pero pienso que es muy optimista al respecto y que termina por omitir el nuevo gran reto de la humanidad: sobrellevar y paliar el cambio climático, lo cual requiere de repensar la forma de producción (lineal) y de fomentar el I+D en nuevas energías (limpias) que puedan tener un alance global. Y creo que esas soluciones no requieren necesariamente eliminar libertades.
English pls
Cato Institute funded by the Koch Foundation
Could u explain?
Maybe it is. That is still not a valid argument. Just ad hominem
@@BUSeixas11 You don't consume food that has been shat on. It is valid in a way.
@@dismayd3955 So because Hitler had a dog, dogs are bad?
take a walk in detroit
Detroit is result of ridiculous demands of unions.
Detroit isn't the only city in the US. They put all of their eggs in one basket and have suffered the results. Phoenix on the other hand has boomed.
@@MrAceman82 Detroit is the result of top down capitalism that does not concern itself with anything but profit and unless your wealthy enough to live off your assets for the rest of your days, you should realise capitalism would be more than willing to resort back to slavery in fact that is what its done by moving manufacturing to China. If you don't realise these facts your deluded or perhaps one of the few, happy in the beliefe they are superior! If you are truly finacialy secure the thing you fear most is deflation and not inflation
Ye a blue run city( democrat state) run on high taxes, and regulations aswell as unions. Which is also a shame since it's a city that has created so many car companies. The best a state can do is just copy Texas, but as long as they keep taxing the f out it, its going to be a shiz hole.
@@bruh-st9rq Detroit's decline started earlier than we may think, the Wikipedia page about it describes issues dating back to the 1940s. And they're many more than the ones you mentioned.
Funnily enough, if you see how neoliberalism progressed in the 1980s, you will note that Thatcher and Reagan cracked down upon domestic unions. All this while incentivizing industries to relocate to cheaper countries.
Deng Xiaoping took a *MASSIVE* gamble when he opened Chinese markets to foreign investment, because his policies centered around big Western industries prioritizing profit above national employment.
Turns out he was right, and, today, the whole world is dependent upon China's ridiculously cheap labour source. There, 9-9-6 jobs (9am-9pm, 6 days/week) are an acceptable model for many.
Meanwhile, Western industries left former workers unemployed, and many cities have become empty, even desert to some extent.
Now, China (by that, I mean the CCP) has HUGE soft power in the world scene, being the world's industry and using the leverage it has to strengthen itself.
Looking back, I doubt most Westerners would see China's colossal rise favourably, just for the sake of corporate profits and somewhat cheaper products
Too short. Will we hear Johann on a podcast?
Praise Kek!
triggered
Has free trade, which is the main feature of neoliberalism, made job prospects better for workers in the United States over the last 40 years? Are their lives better or worse than they were 40 years ago?
Free trade is good
Free trade is the reason the computer/phone you typed this on didn’t cost the price of a car
@@mathewburr2126 or the reason why 9-9-6 (9am-9pm, 6 days/week) is an acceptable working week model in China. Also, it's the reason why so many foreign armies and corporations are involved in wars and deals with corrupts dictatorships in the 3rd world. Just look at the issue of oil in the Middle East.
But most importantly, it's the reason why, even after 1st world unions lost their power in the 1980s, industries still relocates to cheaper places. It's a race to the complete bottom, even if it means handing the world's most important industries (and with that, an insane amount of soft power) to China and similar countries. I doubt that, if 1980s Western citizens could see the future, they would have outsourced their manufacturing and industrial sectors to the 3rd world, losing many jobs at home AND weakening their position int the world.
Don't get me wrong, I'm not against trade deals. Look at how well the EU is integrated for example. What I advocate for is for regional cooperation, instead of total global competition, because the scale of the latter is so freaking huge. It would be but unpredictable and destabilizing, and we will never be ready for such an event. Localism/regionalism > globalism
@@LebaneseBaron that’s fair to be honest there probably are things we should have done a little differently
@@mathewburr2126 indeed
What's Neo Liberalism?
Neoliberalism is the defining political economic paradigm of our time - it refers to the policies and processes whereby a relative handful of private interests are permitted to control as much as possible of social life in order to maximize their personal profit. Associated initially with Reagan and Thatcher [though it was technically began in the 70's], for the past four decades neoliberalism has been the dominant global political economic trend adopted by political parties of the center and much of the traditional left as well as the right. These parties and the policies they enact represent the immediate interests of extremely wealthy investors and less than one thousand large corporations.
Harvard Educational Review
- Robert W. McChesney
Neoliberalism is just a nice word for economic fascism:
"I said in my previous article about "economic fascism"... you have a system where the government supports the interests of "big business" at the expense of everyone else, especially the "left wing" interests, such as the unions and employee rights in general. Given this lifeboat by the government, this system encourages inefficiency, irresponsibility and corruption in those corporations themselves, which are necessarily economically supported by the government when the need arises. In other words, you have a system where profit is private, and debt is public - the corporations take the profits, and the government (the taxpayer) absorbs corporate losses.
This system reinforces a corporate oligarchy that is economically supported by the government; the taxpayers/electorate can do little about this if the major parties in the country all support this system. Corporate sponsorship of those parties also encourages political patronage, as do the necessary "connections" (another form of corruption) that political parties need from corporations in order to gain financial support."
leedanielhughes.blogspot.com/2012/07/neo-liberalism-is-new-fascism.html
Interview before London attacks - surprised Johan Norberg doesn't see the problems ahead that Douglas Murray sees in "The Strange Death of Europe".
@Killer Miser lol
Hmmm. I haven't been exposed much to Gillespie, but I figured that any bias that he has is negligible...until I watched this video. Too bad.
Actually... I'm pretty sure child labor increased.... a LOT.
Because children quit dying.
I'd have to check the sources again to remind myself if they're credible, but I seem to remember thinking they were when I read them, at least enough I adopted them into my ethos.
Boy this clip sure didn't age well.
I’m a half fan of neoliberalism but isn’t this a libertarian channel? I mean I’ll take it but I didn’t think libertarians would like neoliberalism.
Yes actually they would
That thumbnail is not not what my mind's-eye imagines when I think Nazi...
By any chance, have you ever heard any 3rd positionist's opinion about globalization and neoliberalism?
5:30 The Industrial Revolution and its consequences have been a disaster for the human race.
Not, they haven't. There was essentially no middle class before the Industrial Revolution. And if you are referring to climate change, its outcomes can be dealt with
alt right cry babies in the comments lol
It's easy to tell that they are from western countries (especially USA) because they think that the world works like a sitcom. Just elect one populist demagogue and everything will happily ever after.
I liked the direction we were going in before all of this political upheaval. There were problems, sure, but we can fix them without radically changing the structure of global politics.
And lefty commies don’t forget them
Neoliberalism & Capitalism made the world better compared to what?
Compared to central planning and welfare state.
@@gabbar51ngh lol a welfare state for the rich 🤑
Compared to Fascism and Communism (look at Soviet Union and North Korea for examples of the latter)
cuba lmao
@@vignasimp2835 Cuba isn’t “the world.” Still, I’ll take Cuba’s healthcare over our deathcare any day lol.
I just want to remind Johan Norberg that the political system in Sweden is social democracy like in most Western European and all Nordic countries, not capitalist democracy. The oldest and largest party of Sweden is even called Socialdemokraterna. Second largest party is Moderate Party; for free markets and strong welfare provided by the state, so neither of the two political structures running Sweden is capitalist. And the fact that he lives in a wealthy country isn't that "thanks to capitalism and neoliberalism." but thanks to the balance between socialism (people) and capitalism (rich people) Sweden has achieved :) just like many other European nations. Or maybe it's the video editors who put that title, then I apologize :(
I think it's also because they have stayed out of many wars so they have a lot of wealth. The United States lost 100 years worth of wealth after just WWI
Yes it might be but it does not stop those who want to change that from plotting
Sweden has a free market (capitalist) economy. It's is not centrally planned like the Soviet Union
Why has crime curtailed?
That is forbidden to say.
EDIT: I regret saying this. Both CATO and Reason seem to hold positions contrary to corporate interests.
Sometimes the cynical side of me wonders whether Reason are genuine libertarians or paid corporate shills.
How are they paid corporate shills, please explain?
Christopher Johnson libertarianism is for optimists. in order to get behind libertarianism you have to believe that people as a whole will in time do the right thing.
Christopher Johnson you also have to remember that corporations run our politics so if libertarianism had better perversions to exploit we would have gone to that system years ago.
What? You think they'r shills because they don't conform to every insane belief you have?
Christopher Johnson well what's wrong with corporations government does much more harm
Wow in 2017 they thought the world was on fire? 😂😂 I doubt these people are even alive after Covid and everything that's happened since
Clearly there is truth in this, that things worldwide are getting better. However, we must take serious the problems that arise. For Europe: the failure of the multicultural project, the failure of centralised government, the continuing failures of socialism. The failures are not merely political, for politics is derived from culture and the dominant (philosophical) ideas in it.
lol @ "failure of multicultural project"
its not that it failed, but more that the victims became aware of the intent. i think you mean the indigenous people are becoming aware of their own demographic replacement, dispossession, and genocide as defined by the UN. i know its kind of scary to admit that youve been duped and there was a purposeful malicious reason for promoting such a disastrous and permanent agenda on your people, but the truth shall set you free:)
the life of a naive pleb is probably nice tho
+hanskallafrasonen hey thank you, i am residing in Israel's most powerful puppetstate known as the USA. born and raised in rural michigan, lived in chicago illinois for 2 years, now i live in san diego california. how about you?
Far from cultured society more like cultivated society by the overly piweffull media
Lies
Neoliberalism has made the world better for people like CEO's, bankers, and investors. A CEO used to make 10-12 times the average worker before the 1970s, now it's over 300 times. Less than 50 people have the same amount of wealth as 3.5 billion people. I don't think that kind of inequality is healthy or just
I’m skeptical about why a specific year in the early 70’s is always chosen as the point of comparison here. Maybe a hyper-competitive job market in favor of workers reached an unsustainable peak at that time, then declined?
If neoliberalism is the primary cause of this specific decline, why don’t we see the lowest worker-to-CEO income disparity take place in the late 70s/early 80s when neoliberal policies took root?
I’m not saying the current income disparity is good. It’s clearly awful. I’m just saying that the causation you’re indicating is dubious.
These improvements are in spite of neoliberalism not bcuz of it. Is this guy disconnected from reality, or what? The people living better,are doing so on the backs of the increasing number of modern economic slaves.
Nope, they didnt, I checked.
Is it time for popular economics to shift toward socialism? Corporate socialism has reaped its benefits since the British Tea Co. but a public meritocracy has yet to succeed. The environmental crisis looming may lead to social unrest that requires a deeper socio-political philosophy that Neoliberal Capitalism isn't equip to handle. At the end the host mentions Uber as an example. Uber merely transfers its capital costs onto its workers i.e., burdens social services that we all pay for -- taxation without representation? Uber's recent problems with its drivers organizing a "strike" (delete uber) is an example of natural forces acting upon injustice. I speak of Socialism in benign terms, unchain political power from moneyed interests, no taxation without representation, etc. It isn't pie in the sky Utopianism, just plain common sense morality. And yes Morality! Let us be real about economics. It is not a science, it is philosophical. It is driven by people who can be manipulated, cajoled, or plainly oppressed. We should speak freely to the root of these social problems and not elevate the data as scientific facts.
Thank you, its nice to know there are others who are not blind
This is a very disappointing vid...the interview is very complacent - no hard or challenging questions asked. There is also a very naive optimism and a total confusion and blindness on the nature and reasons for resistance to globalization. Very disappointing indeed...
this interview did not age well..
Yow...this guy dropped one each mega-dose of LSD. Just the consideration of government intrusion on all things individual to corporate to national makes him and Cato into clown car thinkers.
Oh my gosh, Nick has super dry mouth.
That's what happens when you smoke Marijuana...
Calvin Smith being at events like this with Nick in the past I will say he drinks like a fish... drinking alcohol leads to dehydration.
That's what happens when you know a crack dealer in Washington DC 20 years ago.
Savings makes the world better and if government is getting worse, then there is a chance that they could squander savings through their violent interventions into the economy.
I don't agree with much of what was said. Anytime or anywhere individual liberties are thwarted we are worse, and that happens under socialist or neocon political conditions (any condition, in fact), especially if populism is involved ( and populism comes in many different forms). Currently most western societies live under authoritarian regimes covered by a façade of democracy and it has been like that for a while. I also believe there is always going to be a negative narrative is society, we humans are wired for that; it's a primitive instinct for self preservation and we're always looking to create our version of Utopia, that alone creates negativity among those who disagree with your version. It is true that first world countries have a longer life span with better quality of life, but that is due to innovation not world stability or improvement, not because of our perception of the world. What I have learned from libertarians is that innovation comes from individuals and not the state, in fact the state might only add restrictions ( no matter what conditions are surrounding them, and yes, I do recognize that good conditions do increase volume of innovative output but the lack of them does not prevent the development of innovation). Anyway, I diverted. The point is that to truly live in a world that is better we should all live under a flag of true liberty, that the definition of a better world is always changing do to our nature and not to the environment we are situated in and that it was inevitable for us to propel our standards of life. Do take this with a grain of salt, because not all societies move forward on the same pase and even though I believe that the root of their problems might be similar, the problems themselfs might be diametrically different and they might not have the tools to solve them yet.
lol
Capitalism yes (it's an necessary evil), but not neoliberalism. I think the world would be a better place if the economic policies weren't changed in the 80s. Now the world is in a constant fight, a fight the first world nations can hardly win without giving up their status as first world nations (automation, "outsourcing"). This, of course, helps the third world (when the aren't corrupt tribal socialists or feudal colonies), but it could be better for them and us.
Capitalism is necessary? Why?
Capitalism is not the market of exchange it is a dishonest method of exchange used within the market
@@bettyjones2614 the definition of capitalism is just the search for profit using private property as its mean. How much money (personal wealth) sets the limit between free market development and a big corporation? $5 million? $50 million? $100 million? Most importantly, we need to watch out for government structures which put power in the hands of politicians/bureaucrats (like expansionary monetary policies, which directly benefit failed banks).
Yes things have gotten better; for BOOMERS!
*Fascism* is a Western invention. *Communism* is an Eastern (Russian) invention. Both powers were Colonialist powers. Hungary has never been interested in either. It's utterly unfair now, to pin these labels on it. It's just a stupid game that countries with "privilege" play. However, Hungary has a right to keep its cultural integrity by letting in as many immigrants legally as they want. Illegal immigration is out of question and if you call Hungary fascist or xenophobic because of it, then be it.
Magma Karl Marx was German and Engles was English. Both are European inventions. Communism couldn’t have been an eastern invention because the east didn’t have a proletariat at the time.
@@howto7755 Sure. *I should have said, the Communism we know of in practice...* Until Eastern Europe, communism, more or less, existed only on paper. However, each country or block, interpreted communism in its own way - it had many faces. Mostly the ruling class (politicians, administrators, officials) benefited from it, not the working class. Medical care, higher education was free, but only few could take advantage of it - good connections and bribery was needed, corruption was rampant.
Magma yeah fair enough
No one thinks the world is in fire they want to own a home
Life is simple, no more xxxism.
Direct democracy in the workplace and local community then its down the the individ to create their own ism!
Firstly, the mantra of anti-Trumpism succumbs to the black or white fallacy. Put differently, a person has to be really smart to be wrong 100% of the time. Secondly, the individual is the component of society. The self-model by which people define themselves, the rational, or egoic model, was never questioned by Adam Smith or, for that matter, Friedman. Or, moreover, collectivist social theorists who drove communist or, recently, neoliberal social theories. However, what if this model is fundamentally flawed? And, if it is, what sort of social and economic impact would a corrected model bring forth? Such questions are not even broached, let alone pursued not only in the above interview but everywhere else. But these questions ought to be. And they are. If people are living out a misleadingly false self-sense, then the world they fashion will reflect that error. Luckily, growing numbers of people are stepping out of this box. Finding out what they are discovering constitutes the real, final frontier. This is not pie-in-the-sky, impractical talk-talk. The rational-materialist (empirical) self is not the final word of human development. (Organized religion, 'churchianity' and "judianity, or anything similar is not what I am talking about, either.)
“People” “people” “people” and individuals disappear in these talks
I really enjoy the content of this channel. You guys are far more optimistic then the "socialist" or whatever they want to call themselves.
Both are equally stupid.
It's true that conditions of people have vastly improved, in everywhere BESIDES the west.
Wrong. Crime rates, poverty rates etc have all gone down, even in the west.
@@User-xw6kd crime statistics like unemployment, wealth figures are used to support the autocracy of the day! And the fires of Rome and its people burnt
Reasontv
Once again you completely miss the mark.
Chicago had 70+ shootings over a weekend last month. A picnic for peace recently saw four people shot.
Nationally, homicide may be down drastically but there are pockets of the nation that are war zones.
When you have critical mass of dirt poor
shit hit the fan
This man doesn't read the same articles I read. This is ideology, not facts.
Lol that is your argument you pathetic fuck? Because you read articles from salon and buzzfeed therefore you know more than an economist? BS.
He's right though. Media deliberately only tells us news which may catch attention and cause fear. When you look at statistics it'd much better.
Compare current period to previous years. It is better.
It's not science vs religion anymore, it's science vs greed.
Pfft, I voted for Bernie, and when he lost I didn't go because I didn't want a vote for Trump on my chest. This country sucks ass, there are so many damn people living in poverty and I'm tired of the same faces in politics not solving our problems.
The minimum wage doesn't have the same damn buying power it had in the 60s because they untied it from inflation, so people can't have a baseline of living standards because of reasons, and not to mention the base CEO pay is 300 to 1 vs a median income worker, and that makes no god damn sense, because whatever company you run, you could not possibley work 300x harder than a regular office worker, it's not god damn possible. I wouldn't mind 7-8 to 1 sure, but 300????? You have to be completely ignorant to not think something isn't right.
Neoliberalism leads to corporate dictatorships. If a modern American corporation was a government, you would call it a democracy by face, but a dictatorship underneath, but somehow we let this shit slide. They're basically like the CCP in China, you tell me with a straight face that China is a true democracy.
Well... _this_ didn't age well.
How? if you actually would read hayek or friedman maybe you wouldnt jump to conclusions or even mises read him
@@hamishcounsell5579 How? There's literally 30 million people unemployed right now. LOL
@@estebansteverincon7117 That is due to government lockdown of buisnesses and social distancing how is that a fault of capitalism?
You’re comment didn’t age well
@@michaelsoland3293 HELL YEA LETS GO ANOTHER NEOLIB BROTHER
Lol cute spin
Okay, so life is better than it was in 1972? That's when we started the neoliberal project.
Oh wait no, real wages (takes everything into account inflation/cheaper goods/etc) have been stagnant since then. So spare me.
Ratio
Capitalism absolutely, but neoliberalism has brought nothing but discordance to perfectly functional society.
Capitalism was well overdue an upgrade but socialism like so many great ideas was infiltrated by scumbags
Neoliberalism is OUT-DATED. Rather, for the past four decades, it's been fiat currency for the .01% and gold standard straitjacket ideology for everyone else.
"The mainstream view is no longer valid for countries issuing their own non-convertible currencies and only has meaning for those operating under fixed exchange rate regimes,
‘The two monetary systems are very different. You cannot apply the economics of the gold standard (or USD convertibility) to the modern monetary system. Unfortunately, most commentators and professors and politicians continue to use the old logic when discussing the current policy options. It is a basic fallacy and prevents us from having a sensible discussion about what the government should be doing. All the fear-mongering about the size of the deficit and the size of the borrowings (and the logic of borrowing in the first place) are all based on the old paradigm. They are totally inapplicable to the fiat monetary system’ (Mitchell, 2009).
We might now consider the opportunity afforded by the new monetary reality, effectively modelled by MMT. A new socio-political reality is possible which throws off the shackles of the old. The government can now act as a currency issuer and pursue public purpose. Functional finance is now the order of the day. For most nations, issuing their own fiat currency under floating exchange rates the situation is different to the days of fixed exchange rates. Since the gold window closed a different core reality exists - one which, potentially at least, provides governments with significantly more scope to enact policies which benefit society.
However, the political layer, in the way it interacts with monetary reality, has a detrimental effect on the power of democratic governments to pursue public purpose. In the new monetary reality political arrangements that sprang up under the old regimes are no longer necessary or beneficial. They can largely be considered as self-imposed constraints on the system; in short the political layer contains elements which are out-of-date, ideologically biased and unnecessary. However, mainstream economists have not grasped this situation - or perhaps they cannot allow themselves to- because of the vice-like grip that their ethics and ‘traditional’ training has on them.
MMT provides the best monetary models out there and highlights the existence of additional policy space acquired by sovereign states since Nixon closed the gold window and most nations adopted floating exchange rates. We just need to encourage the use of the space to enhance the living standards of ordinary people."
Heterodox Views of Money and Modern Monetary Theory (MMT) by Phil Armstrong (York College) 2015
MMT is kicking the bigger problem down the road, that of scarcity and no amount of liberal spin wil ever hide that fact, we had if good but money printing does nothing, it takes regulation of wealth mechanisms.
Liberalism
Classical Liberalism
NeoLiberalism
Libertarianism
NAMLLA (North American of Man Liberty Love Association)
Deutchland Liber Ales
....where does it END!!!
This man is an android.
This guy is so f***ing shallow. He wouldn't survive 1 minute debating Zizek, Chomsky or Stiglitz.
Neoliberalism lol that was created at the Fabian socialist London school of economics
grand parents live expectations 30 years? 😂
we live such comfortable lives ? 😂
Unsubscribed.
Evan Eberhardt byebitch. why do people feel a need to inform everyone else they're unsubscribing? No one gives a fuck.
Okay, bye!
Hey, I have followed reason for over a decade. But 90 percent of their stuff is crap now.
Go away
LOVE ANARCHY.
This is a lie and it kills the crab.
Right fascist? Where? #BOLSONARO2018
Wow, this is just poor, I can't even imagine how terrible his book must be
This is laughably bad
Why?
LMAO! haha! ah you Whyte Neoliberal illusionists! every sentence is contradicting the next one!
What a bunch of BS!