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Free trade, open borders, taco trucks on every corner. Latest discussion thread: April 2024 **We in m/Neoliberal support:** - Free trade and competitive markets

Immigration
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Carbon taxes
Internationalism and supranational governance – e.g. the EU, UN, NATO, IMF
LGBTQ+ rights
Democracy, human rights, civil liberties and due process Neoliberals can be found in many political parties and we are not dogmatic supporters of specific parties. But we tend to find ourselves agreeing more often with parties that espouse liberal values, internationalism and centrist economics, such as the Democrats in the US, Liberal Democrats in the UK, FDP in Germany, Renaissance/MoDem in France, the Liberal Party in Canada, and so on. **Further reading** - I’m a neoliberal. Maybe you are too.
The neoliberal mind
Neo-liberalism and its prospects
Neoliberalism: the genesis of a political swear word **News sources** Here are some suggested news sources that we like and tend to find reliable. Please note that posts and threads are not at all limited to these sources! - The Economist https://www.economist.com/
Financial Times https://www.ft.com/
The Guardian https://www.theguardian.com/
New York Times https://www.nytimes.com/
The Atlantic https://www.theatlantic.com/world/
The New European https://www.theneweuropean.co.uk/
Vox https://www.vox.com/

founded 1 year ago

Gambling on Development review (brettongoods.substack.com)

submitted 1 year ago by cyd to c/[email protected]

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Economic development is dependent on the deal between elites of a country. In most poor countries, elites choose to extract resources from the economy because the policies that lead to development can endanger their political position.

When elites decide to have pro-growth policies, they’re taking a risk that it will work out and benefit them personally. Most elites do not want to take this risk, and would rather enjoy the spoils of corruption instead.

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[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

This is a lengthy review with a lot to unpack.

There is a lot of emphasis on “the elite” as being the primary driver for economic development. I wonder, do they have a specific definition for who “the elite” are (aside from being exceptionally wealthy?) I suppose that might vary from country to country.

Usually, elites take a dim view of economic growth. They might be fans of the idea that they control a more powerful country, but they usually don't like the means it takes to get there. The problem from the elites' perspective is that the policies which are required for development are damaging to their interests.

I would assume their interests here are self-preservation. Greater economic development is usually correlated with an expanded middle class which has more money influence.