Comment by wolvoleo
5 hours ago
Well it's just American society that really has this so deeply ingrained that it's deemed irreversible.
Europe only turned neoliberal a few decades ago and only some countries are deeply into it like the Netherlands. Before the 90s we were much more socialist and can go back that way.
China also isn't neoliberal. They're good at playing the capitalist game but they're not afraid to pull the handbrake where needed and they are going good things for green energy.
> Europe only turned neoliberal a few decades ago and only some countries are deeply into it like the Netherlands. Before the 90s we were much more socialist and can go back that way.
We all have the same financial system. Like, if you have interest bearing loans, then some amount of growth is required to pay back the principal + interest.
I think calling it neo-liberal isn't really correct, it's fundamental to the economic system we call capitalism.