Liberal Economics be like (lemmy.dbzer0.com)

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

160 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] [email protected] 2 points 1 year ago

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.

this post was submitted on 13 Jul 2023

96 points (82.0% liked)

Memes

45179 readers

1429 users here now

Rules:

Be civil and nice.
Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago

MODERATORS

[email protected]