'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
The attacks on democracy and freedom "have never been greater in my lifetime," warns Nobel Prize-winning economist Joseph Stiglitz.
Nice, so a political economy that fuses corporate interests with the state (might call it, hmm, corporatism), crushes dissent with police violence and lawfare, commits to privatizing public goods, and overthrows democratically elected leaders, contributes to fascism? Damn that's crazy cuz that already just sounds like fascism, lol
"It is not the minimalist state advocated by libertarians, or even the highly constricted state envisioned by neoliberalism.
"Rather, the answer is something along the lines of a rejuvenated European social democracy or a new American Progressive Capitalism, a twenty-first century version of social democracy or of the Scandinavian welfare state."
80 years of cold war propaganda and we're just gonna pretend the other thing doesn't exist. "What is to be done?" 🤔
It's been 80yrs of "socialism is when the government does stuff and the more stuff it does the more socialist it is". The average western brain is now thinking "hey maybe the government doing some stuff is actually good".
rejuvenated European social democracy
What does he even mean by this??? European socialdemocracy looks more like advanced leprosy case now.
You don't say. You're telling me that heightening the contradictions of capitalism while also crushing socialism and labor-oriented solutions leads people toward the waiting embrace of reactionary politics, national chauvinism, and fascism? No way!
How did our new gilded age lead to fascism when that's what happened last time! How could anyone have seen this coming?!
Gee no shit pal. They give out the Nobel for stating the obvious now?
Not really obvious to most liberals I assume
Stiglitz didn’t get the Nobel prize for claiming that neoliberal capitalism contributes to the rise of fascism. He got it for explaining how information asymmetries destroy the fantasy of perfect markets.
I mean, even a cursory look into the history of the nobel prize should show anyone how much of a joke they've always been
Wow. I didn't know that. You are telling me now for the first time.in the background 🎵 Hold me closer, tiny dancer. Count the headlights on the highway 🎵
reminder that there's no such thing as a Nobel prize in economics, and this guy won the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel"
Land value tax fixes this
-Joseph Sitglitz
Oh yeah, well Nobel laureate Paul Krugman says "nuh-uh!". Checkmate leftists!
Give this man free parking at UC Berlekey.
ya don't say
Nobel laureate
is it a real Nobel or that shit-ass fake economics one
EDIT: it's the shit-ass fake one
No shit!
i mean duh
Well they're not all idiots lol.
Stiglitz regularly contributes to CEPR, which is half decent.
They are liberal but one if the few honest and humanistic ones.
Nobel laureate Barack Obama says "actually no, it hasn't, and I was always coconutpilled".
Is this the war criminal type of Nobel Laureate?