this post was submitted on 17 Jul 2023
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The letter says: “We know that high inequality undermines all our social and environmental goals. It corrodes our politics, destroys trust, hamstrings our collective economic prosperity and weakens multilateralism. We also know that without a sharp reduction in inequality, the twin goals of ending poverty and preventing climate breakdown will be in clear conflict.”

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[–] [email protected] 34 points 1 year ago (26 children)

Caveat Emptor: I have not read the article. I am immediately suspicious of most economists because, at least in the US, they have a decidedly conservative bias. Generally US-based economists side with the concerns of the wealthy and promote policies friendly to them which are often at the expense of the poor and working classes.

[–] sovietcreditcard 24 points 1 year ago (4 children)

Bingo. Pretty much any non-Marxist economists will favor “the market” over workers. Neoliberalism, the predominant ideology in most western countries, is seen as an alternative to conservatism (very much so in the US), but they’re centrists at best, and conservative-lite at worst.

[–] [email protected] 18 points 1 year ago* (last edited 1 year ago) (2 children)

This is a case of "perfect is the enemy of good".

This thing was signed by a bunch of non-US economists like Thomas Picketty and people like Helen Clark, a left politician who used to run the UN Development Programme.

Economic neoliberal bias, sure, but what they are proposing is still an order of magnitude better than what we have now.

Edit: I can't see anything below this in this comment chain, not even my own comments!

Not sure if it's a kbin bug or if @hglman blocked me. (Is this the effect blocking has in the fediverse? Can you guys still see the rest of the chain?)

[–] sovietcreditcard 2 points 1 year ago (1 children)
[–] [email protected] 2 points 1 year ago

Yeah I know, not by some standards, really depends on your Overton window.

She led a majority government on centre-left policies in New Zealand so that still meant she was in charge of a Monetarist economy with all the neoliberal economics that implies, but she also presided over a massive tax revenue transfer to working class families that is still going on today.

[–] [email protected] -5 points 1 year ago (1 children)

Pointing out how it can be better is not the enemy of the good; your concern trolling is.

[–] [email protected] 10 points 1 year ago

Huh? This isn't reddit. I'm not a "concern troll". I'm just an ordinary person who happens to disagree with you about something.

I'm not a fan of economic neoliberalism either, but I would rather an international group of economists demanded anti- inequality measures than nothing.

[–] [email protected] 7 points 1 year ago (1 children)

Exactly. Neo/liberalism is just right-wing feudalism with extra steps. If you allow (let alone encourage) the unmitigated consolidation of wealth (and therefore authority) you will ALWAYS move society rightward. Hence the term “Late-stage Capitalism”.

Economies require trade and incentive to thrive, but there must be limits to how much a person or entity can accrue.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago)

Does that mean you believe society is now more right leaning then it was 40 years ago?

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