Re:Why inflation is not a threat
by refenestrator on Sunday March 14, 2021 @12:33PM
(#26456605)
Eh. The New Deal was a lot of things over 35 years but there was a consistent "bottom-up" theme that's been replaced by a "supply side" theme.
Neither set of ideologies explains everything, but lots of little decisions over a few decades can add up.
(Also, I realize we're being fast and loose with labels here, but after 20 years of Reagan/Bush/Clinton drug war, taking credit for legalization feels a little bold.)
Re:Why inflation is not a threat
by pessimizer on Sunday March 14, 2021 @01:24PM
(#26456979)
> negative income tax, drug legalization, prison abolition, etc.
Under what interpretation of the word "neoliberal" do any of these things fall under? Especially the last two; find me a single person claimed to be neoliberal who supports either.
This is also a red herring. The New Deal did little to actually fix structural wealth problems. And "neoliberal" politics actually included a lot of progressive politics like negative income tax, drug legalization, prison abolition, etc.
A better reading of history would be that the post-war boom in the US mostly amounted to a lucky windfall and the US has wasted a lot of policies trying to recreate an economic boom using cultural levers.