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Thread: Neoliberalism

  1. #46
    Global Moderator harsh.ag's Avatar
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    Quote Originally Posted by Victor Ian View Post
    so.... who or what is the pen that popped the balloon at the end?
    The x-th job loss/y-th immigrant of different civilization obvsly.
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  2. #47
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    Quote Originally Posted by Victor Ian View Post
    so.... who or what is the pen that popped the balloon at the end?
    Too much credit in the system + consumer debt = GFC

  3. #48
    Global Moderator harsh.ag's Avatar
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    ankitj, Ausage and Uppercut like this.

  4. #49
    Cricketer Of The Year Ausage's Avatar
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    Quote Originally Posted by harsh.ag View Post
    Never thought I'd see ol Harsh reposting from r/Libertarian.

    It's a good book, but doesn't quite go far enough imo.
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    Global Moderator Prince EWS's Avatar
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    Quote Originally Posted by Ausage View Post
    [...] good [...], but doesn't quite go far enough imo.
    How ironic.
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  6. #51
    Cricketer Of The Year Ausage's Avatar
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    Quote Originally Posted by Prince EWS View Post
    How ironic.
    Cmon mate. A little bit of cancer never hurt anybody.

  7. #52
    Global Moderator harsh.ag's Avatar
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    Heh. Someone forwarded it to me. Lord knows I don't need the smugness and righteousness that comes with being a regular of r/Libertarianism.

  8. #53
    Cricketer Of The Year Ausage's Avatar
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    Quote Originally Posted by harsh.ag View Post
    Heh. Someone forwarded it to me. Lord knows I don't need the smugness and righteousness that comes with being a regular of r/Libertarianism.
    It gets "brigaded" too much to be the hub of smug self-righteousness we deserve tbh.

  9. #54
    Request Your Custom Title Now! Uppercut's Avatar
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    love the pic.

    Why Nations Fail is poorly argued imo, though I do mostly agree with them and they've made their case much better elsewhere.

    Ausage's reading of it is interesting. I'd have said it's very un-libertarian (though certainly not anti-libertarian).

  10. #55
    Cricketer Of The Year Ausage's Avatar
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    Quote Originally Posted by Uppercut View Post
    love the pic.

    Why Nations Fail is poorly argued imo, though I do mostly agree with them and they've made their case much better elsewhere.

    Ausage's reading of it is interesting. I'd have said it's very un-libertarian (though certainly not anti-libertarian).
    Mmm my main takeaway was basically that broadly distributed political power + security of individual property rights = development of a free market = successful nation. I wouldn't call that un-libertarian exactly, certainly not for a small government libertarian anyway. My issues with it were the references to "good regulation" and the freedom aspect being secondary to the political systems, rather than the primary focus. Didn't think they argued against the culture hypothesis particularly well either.

  11. #56
    International Captain andruid's Avatar
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    Quote Originally Posted by Burgey View Post
    I dont know that median income is such a great measure. I always wonder why they don't use mean income. It would more accurately reflect the disparity in wealth between people.
    I imagine because in a situation where a small minority has disproportionate (maybe even immoral and reprehensible) level of control of a nations assets their income can distort the average income to a level that is not representative of how the average person in that country lives. See the likes of Equatorial Guinea and Gabon.

    Quote Originally Posted by Uppercut View Post
    Mean usually reflects inequality worse than median. Those Caribbean slave colonies that had one obscenely rich slave-owner for every 10 slaves would show a solid enough mean income but a median of almost zero.


    Neither are great for it though tbf. Maybe just go with Gini.
    Another great example

    Quote Originally Posted by Bahnz View Post
    Globalisation is about the removal of barriers to trade: the elimination of subsidies and tariffs, the establishment of common standards and rules and the movement towards increased specialisation in commerce. The sale of public assets is neither here nor there as far as the debate around globalisation is concerned. If your argument is that public asset sales rob the people of the dividends of their labour, then it makes no difference whether the public asset is sold to a local entity or a foreign one.
    One would think that globalization should be neutral, but with the amount of wealth and reach that some of the actors have in the 'globalization process' relative to others, you get a situation where said 'common standards and regulations' are 'optimized' to the benefit of the already powerful MNCs, other people be damned.



    Quote Originally Posted by NZTailender View Post
    Privatisation to create competition just opens things up for take overs and you end up with super corporations with less competition than before.
    Basically this,

    While I am here, let me drop an example of how the whole globalization can go nuts where supposedly globalized standards are abused to profit off others


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