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
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.
Meth is a product that was found, and then developed and improved in order to be better at what it does. The expertise demonstrated in the creation of Meth shouldn’t be compared to Facebook, which is just the first product to come out of a market. Facebook hasn’t developed further as a social media platform, it has developed further as a money making device.
You could say Alcohol is the Facebook of drugs. Drugs have developed over a very long time unlike social media, so the history is much greater for this case, but the point is that alcohol, despite not being the best in all categories, is the most popular drug simply because it’s not as harmful as others (such as meth) and has been around for longer than the new, less risky alternatives (such as weed). I’m not considering coffee as a drug for this metaphor. Alcohol is making the most money not because it is good, but because the rest is mostly illegal, and/or less ingrained in social norms and traditions.
Point is, I kind of lost myself along the way and started rambling, comparing Facebook to Meth is not fair because Meth is not socially accepted while Facebook is, maybe compare Reddit to Meth, idk
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.
sir, this is a Wendies meme. In the end it boils down to the capitalist goverments bayling out those who don’t need it (billionaires and millionaires) and giving credit for virtually nothing. Ofc it’s a simplification since this is a meme, not a chart for econ class
But that’s how capitalism works. You invest your money into something instead of using it on yourself.
And in exchange for the risk taking, because each investment is a huge risk, you become (in case of stocks) a shareholder. And a as a shareholder and risk taker, you get compensated for your risk taking with dividends.
Why invest your own cash into something and take a risk without getting something in exchange? That would be considered stupid.
I invested into Wirecard back then and guess where the money went… Investments are bound to risk. And taking a risk must be rewarded.
I believe that’s how it works, but I just don’t understand how that makes any sense. They’re just playing with numbers in the air, making a line diagraph go up and down… I just don’t get it.
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…
I am just reminded of that old pic that someone was taped to celling with their equipment and everything right now, they were playing some counter strike i think.
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