Comment by orwin

I think i disagree? Socdems are mostly weird keynesians, and think of the economy from the demand side. For them, inequality is fundamentally bad because it reduce aggregate demand. You know the legend about Ford paying its employee more so they could afford cars (it was not, competent auto/metallurgy workers were rare and took time to train, he paid them more because he had to to keep them working for him)? That's basically a socdem wet dream (that's why some socdems accepted trickle-down economics like neolibs (i.e without any shred of evidence), because it conform with the theory).

But that's true that a lot of socdems don't really understand economic theory and so some criticism seems empty, because they repeat a criticism they did not understood. And that's ok, because macroeconomics is the less scientific of all social science field (for good reason), and who would want to bother with it (unless you're an idiot who took that in college because it seemed to pair well with math :/)