Comment by contagiousflow

6 days ago

What big leftist economics policies have been enacted in the West recently?

Massive expansionist post-Covid fiscal policy and QE that created the inflationary crisis. Mass immigration (yes immigration is an economic policy).

  • Immigration is not leftist, it degrades value of labor. It's liberal policy - in the US this is conflated with left, but elsewhere liberal stands for individualist policies, while left is more or less socialist, the exact opposite.

    • Certain kinds of leftist are anti-immigration. But anarchists and those in favor of international communism are aggressively (sometimes militantly) opposed to the concept of national borders or any meaningful restrictions on the movements of people.

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  • What nonsense is this? The St. Louis Federal Reserve documented most inflation was due to profit seeking (gouging), not QE—that’s right wing libertarian drivel.

    • Profit seeking is normal behaviour. The economic system normally keeps it in check through competition. If it's not kept in check it's because of the economic conditions.

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All those commie socialist corporate bailouts?

  • 2008 TARP for Wall Street? Corporate tax breaks that were unfunded and yielded $2 trillion in cash reserves decidedly not funneled down to working people. Sounds like socialism for institutions too big to fail, but not for people who needed it (70% of Americans with less than $1,000 in savings for emergencies).

    How long will this situation continue before the house of cards tumbles down?