I co-produce a documentary podcast series called @UpstreamPodcast which explores a variety of themes on economics through stories and expert analysis. Check it out:http://upstreampodcast.org/
-
-
Show this threadThanks. Twitter will use this info to make your timeline better. UndoUndo
-
-
-
I wrote about this more here:https://twitter.com/huffpost/status/1063032926781222914?s=21 …
Show this threadThanks. Twitter will use this info to make your timeline better. UndoUndo
-
-
-
Honest q: why is this neoliberalism? I’d have thought Liberal/left would be = resources for all, not private-for-hire protection to the rich?
-
It's a good question, and you're not the only one to ask. The term neoliberalism has a few different facets to it, but the most relevant in this context is that it's an iteration of the economic philosophy of Liberalism, which actually has nothing to do with the US political term
-
Classical liberalism is a philosophy that goes back hundreds of years, and it’s based on the idea that goods and services should be produced and distributed according to market “forces”. That is, the market should decide how goods/services are allocated.
-
Neoliberalism is a term that refers to a specific era of this liberal philosophy, which is just another form of capitalism. Capitalism has taken many forms throughout the years. For example, the period between 1950-1970 could be referred to as Keynesian Capitalism.
-
Keynesian capitalism was marked by government intervention in the market to protect against the harmful nature of markets. This was also a period where there was a powerful labor movement that served as an balance or check on the power of capital.
-
Keynesian economics were the default during this period. Both Republican and Democratic politicians operated on Keynesian principles. Even U.S. president Richard Nixon famously said, “We are all Keynesians now.”
-
But Keynesianism was being chipped away slowly over the years, and in the 1970s, a new(ish) economic philosophy took root and was popularized by politicians like Reagan and Thatcher. It resulted in a seismic shift in economic policy-making.
-
And since then, the era of capitalism that we are in has been referred to as neoliberalism. It’s a return back to liberal economic philosophy that subjects everything to the market. So we’re seeing more and more public infrastructure become privatized, etc.
- 4 more replies
New conversation -
-
-
Y’all want rich people to save America? I agree that they should use their $$$ to help society but it’s the government’s obligation. If the gov did their job correctly, we wouldn’t have to look to wealthy individuals to help us.
-
Rich need to pay a lot more taxes so the government can do its job.
-
If the rich paid any more taxes they would more than likely move to a country with lower taxes jspic.twitter.com/pGs6FRNMw5
-
you can't just say bye to argument that doesn't agree with your point
-
no you misunderstood. if they were to move to another country (which they wouldn't), then I'm being polite and waving bye to them.
-
then you wouldn't have access to what the rich can produce. It is the rich that create innovation and create jobs for people. You can't just say bye to wealthy who help the most people
-
rich people don't create jobs, they extract wealth from the work of the living world.
- 7 more replies
New conversation -
-
-
Residents in my neighborhood (this neighborhood) stood in their backyards with garden hoses putting out spot fires trying to save their homes... this tweet is so misleading! Why don’t we focus on how to help those displaced by the fires? :)
-
didn't mean to dismiss the hard work that I'm sure many people did. my point was more regarding systemic economic inequality and why that is dangerous esp in the face of future climate-fueled disasters. I wish you and your neighborhood the absolute best.
-
I totally agree with what you said about the wealthy having the advantage in this fight which is so unfair. It’s awful that in this society some are garanteed more protection than others based on (undeserving) wealth.-
-
when you look at the bigger picture, there are a lot of disturbing trends—particularly in regards to privatized fire fighting services. certain things shouldn't be subjected to market forces. but anyways, I meant what I said, hope all goes as well as it can over there in SoCal.
-
Yes yes! The fire fight is SoCal is almost over but the one in Paradise is still raging and devastating families. The kardashians should use their privilege to hire firefighters to save the few structures left up there...
-
they should, but it's also not their responsibility. it's the responsibility of those in power to ensure a more equal distribution of wealth so that more robust essential services are available to everybody in the first place. but yea, would be nice if the kardashians pitched in
-
True, but the sad thing is those in power will always want to stay in power. They’ll prevent anything that will ensure even distribution of wealth. The best we can hope for in the moment is that those who hold privilege and wealth, will use it.
-
Are you familiar with
@ResourceGen or the work of@AnandWrites? You might find this podcast interesting:https://www.vox.com/2018/9/5/17821522/anand-giridharadas-winner-take-all-ezra-klein-podcast … - 4 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
