this post was submitted on 28 Jun 2025
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Like I say, children think of capitalism as a system. The right wing believes this too. Children arguing with children.
Capitalism can co-exist with socialism in the same economic system. Happens in many countries. Just Americans can't make that work.
"I am not going to actually explain what I think people are getting wrong. I'm just going to pretend I know more than everyone else to give myself a false sense of superiority."
Economics is a whole field of study. You expect me to teach a University class in a web forum thread?
You're choosing narratives over listening to experts. I'm not an expert on economics, but I've learned enough to know that best case leftists are grifters, and worst case they are true believers that might actually try to implement economic policy without consulting with experts.
I guess we'll need to wait and see on Mamdani.
Finance != Economics. Financial dumbassery can impact economics and economics will improve finances, there's a relationship but they aren't the same thing.
People learned the long lesson from the energy crisis in the 1970s, choosing "supply side" economics, which is putting the financial sector in charge of economics, and that's resulted in an upside down economy. People learned the wrong lesson from the energy crisis, should've learned to end our dependence on oil, but people got bamboozled into thinking Reagan good and Carter bad. Now we're in a situation where we can't make the economy function properly because half the electorate is convinced the anything other than supply side economics is literally communism, and a significant portion of other half of the electorate is becoming convinced that they should support other failed economic policies in opposition to the failed supply side policies.
Many of the economic problems we're facing have happened before, and instead of considering those policies (trust-busting, Keynesian economics, taxes on the wealthy) you're presented with a choice between different paths to economic failure.