I didn't know skyrocketing debt looked like a rainbow
And no, the republicans are no better as they supported it too. whatever, your failed system will drag us all down to the pit
this post was submitted on 07 Aug 2023
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TrueNeoLiberal
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Neoliberalism refers to the resurgence of free market ideas that characterized classical liberalism in the 19th century. It is based on the idea of economic freedom and limited government involvement in economic interactions between individuals.
Neoliberalism is very similar to classical liberalism. Both ideologies believe in privatization, deregulation, globalization, free trade, and limited government. However, neoliberalism differs in two key aspects. First of all, the idea covers the belief that monetary policy should be governed by a central bank. That means the central bank can decide how much money is in circulation and at what the interest rates should be.
Second of all, the idea covers the belief that the private charity is no longer sufficient to support the poor. It is therefore believed that government welfare is necessary, although in a far more limited amount than we see present today.
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I mean, debt, taxation, etc. All of those should ideally be played with in order to levy heavier taxes during economic boom while easing them during economic strife and relying on the backuo. Republicans spit in the face of this idea, give tax breaks to the rich during economic boon, and then display their highest quality Pikachu face when economic strive gets here and the economy is thrown into disarray. Democrats, while not exactly saints, usually end up being the ones who have to reel in the mess during their terms, only for Republicans to fuck it up even more once dems are out due to disapproval.
It's really fun to watch this from afar, even if it's not really from afar since you fuckers dictate the world's economy, but seeing as we're dying in a few decades due to climate change anyway, why not have a bit of popcorn during the journey there?
I'm not American you idiot. And second, what I'm saying is that they're indebting themselves to an unbearable level that might cause a global crisis soon
Covid repurcussions shouldn't be blamed on the govt, they did a pretty good job
This is not about COVID
Cutting off the nose to spite the face.
It's pronounced Nikolaj.