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Forum Post: Neoliberalism: The Impossible Ideal

Posted 1 year ago on Nov. 16, 2016, 12:32 p.m. EST by agkaiser (2174) from Fredericksburg, TX
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Von Hayek begat von Mises. Von Mises begat Milton Friedman. Milton Friedman begat Margaret Thatcher and Ronald Reagan with Ayn Rand. Von Hayek proclaimed that the economic rents, accruing to the rich ruling elite class at the exponential rate of compound interest, were beneficial to the human race and must not be taxed, regulated or inhibited in any way. The neoliberals so begotten, including the Clintons and the recreant Obama, have inferred since their ideological rebirths that trade agreements must support property right monopolization rents. Workers' right to survival must not impede the concentration of wealth.

The only recourse most of us have is to create our own money making enterprise and gather hundreds or thousands of times more than average for ourselves. When everyone has become rich no one will have to dirty their hands growing crops, digging ores, manufacturing goods or even doing material or useful services. We can all invest our inherited or created money and live by the work of our servants. Everyone will have the share they deserve.

A George Monbiot article at The Guardian traces some of the history that brought us to the place in which we live.

"... The book was 'The Constitution of Liberty' by Frederick Hayek. Its publication, in 1960, marked the transition from an honest, if extreme, philosophy to an outright racket. The philosophy was called neoliberalism. It saw competition as the defining characteristic of human relations. The market would discover a natural hierarchy of winners and losers, creating a more efficient system than could ever be devised through planning or by design. Anything that impeded this process, such as significant tax, regulation, trade union activity or state provision, was counter-productive. Unrestricted entrepreneurs would create the wealth that would trickle down to everyone...."

excerpted from: "Neoliberalism: the deep story that lies beneath Donald Trump's triumph" by George Monbiot


Thanks for the tip, ImNotMe!



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[-] 1 points by agkaiser (2174) from Fredericksburg, TX 1 year ago

It's like the Lake Wobegon miracle. "... where all the children are above average."

[-] 1 points by ImNotMe (1488) 1 year ago

''Countering Trump: Let's Build a People-Powered Democracy and Economy'', by Geof Gilbert: