It’s not “liberal economics”.
It’s pervasive libertarianism.
You are on your own.
Nobody is coming to save you.
The sooner each of us accepts this, the better.
Smaller government
Weaker government
Accept the risk that your “lifestyle” might take a hit.
But, for future generations, undertake the task of strangling Leviathan.
I do support the full economic default of the US system. Cancel all the debts. Let the heavens fall. We cannot keep going on this way. The Founding Fathers were willing to pay the price, but we are paralyzed with the fear that we might not be able to afford a new Jet-ski if the dollar crashes.
This is a mind-bender, coming from the ultra-liberal Guardian.
Liberal economics ignores one basic economic principle….there is no free lunch. Somebody sooner or later has to pay for all the spending. In Biden’s case the chickens have come home to roost
The author seems to be blaming capitalism. Britain is not socialist enough, I guess.
Jane is looking to the government to be her father and protector. Jane should grow up to become a strong independent woman.
“We were mislead.”
Well, the stupidest among us were mislead - the rest of us were just betrayed.
Anyone with any common sense knows that printing trillions of $$, backed by nothing, in order to fund a bloated, job-killing regulatory bureaucracy would lead to this.
It ain’t rocket science.
Surprise! Communists lie and stupid, useful idiots believe them.
A weaker government is a good government.
The 1913 generation was told they needed the federal Reserve to issue and manage our currency to eliminate boom/ bust cycles ( we saw/see how THAT worked out, it didn’t ) with a debt based fiat currency what fed res notes were borrowed into a distance and disappear wheen repaid.
If you eliminate the debt on our economy you litteraly eliminate all the Fed resnote ‘ dollars’.
To payoff the debt is to extinguish the dollar.
It was an unworkable con job then and remains one to this day that most have no idea of.
Hi folks, I have a great idea you’ll really like.
Give me control of all your assets and finances and I’ll provide everything you need for life (and death).
All you have to do is work from age 16 to 65.
Any takers?
Well, if you won’t trust me to take care of you, why would you trust the government?
The government is not a faceless entity. It’s full of people with all the failings of humanity and they’ll be getting paid along w/lavish benefits like “cadillac healthplans”.
What makes you think there’s any money left for YOU?
Because now we have a system that combines the worst aspects of both liberal capitalism and a command economy. Capital is free to move around the globe seeking the lowest wages. Production in advanced countries is now increasingly following a command economy: nothing can be produced except what follows thousands of rules and regulations. Take cars for example: nothing can be produced that does not meet stringent safety, environmental and fuel economy standards. Several years ago NHTSA ruled that all new cars must have a minimum number of inches between the hood and the engine, supposedly to curtail pedestrian fatalities. That required a redesign of basically ever car sold in the US, costing billions. Look at the engines: many models have variable timing and fuel injection systems that were once only seen on Formula 1 cars.
So as wages decline, the regulatory stranglehold commands fewer and fewer goods be produced at ever increasing costs.
The working class in both Europe and the US is being whipsawed between global capital and Soviet style regulation of the economy.
In hindsight now, and in adulthood and parenthood, having experienced both in the new world, I can see that gilded cages come in many forms. Political freedoms are precious metal, but when they come with economic restraints, they are a shiny enclosure.
Concluding paragraph.
I could think of better ways to say it.
Aint Socialism fun?
When The Guardian speaks of “liberal economics” they mean capitalism - and are blaming Margaret Thatcher for throttling their beloved ollectivist agenda in the 80’s.
How old is Jane? Your first years of working aren’t exactly retirement.