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“Neoliberal policies, institutions have prompted preference for greater inequality, new study finds”
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“Neoliberal policies, institutions have prompted preference for greater inequality, new study finds”
91% Upvoted
level 1
Neoliberalism, which calls for free-market capitalism, regressive taxation, and the elimination of social services,
Who supports regressive taxation here?
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level 2
· 6 hr. ago
Henry George
Taxing things causes them to reduce in quantity eg: carbon tax
∴
Taxing poor people sufficiently highly will end poverty
QED
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level 2
· 7 hr. ago
YIMBY
I do.
My tax policy is simple. The poorer the are the more you pay. Not as a percentage of income, just more.
I want to disincentivize being poor to beat poverty.
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level 2
· 6 hr. ago
Friedrich Hayek
Moving to a flat tax plus UBI would be called regressive by a bunch of people, even though it's mathematically not.
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level 2
· 4 hr. ago
NATO
Classic move: define an ideology as being evil and then say why it is evil.
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level 2
· 4 hr. ago
John Rawls
This subreddit is usually not very representative of what neoliberalism means as defined by dictionaries, historians, or political scientists.
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level 2
I posted something the other day about how we can address the problem of billionaires using their stocks as assets for super low interest loans but they aren't taxed, and Neolibs either didn't care or straight up told me this isn't a problem.
Average people don't have the kind of stock portfolios that gain them access to massive, cheap capital. They used taxed income to purchase stocks if they do have a small portfolio. If they want loans, they have to use assets that were already taxed or they pay for taxes annually.
Super wealthy people get stock as compensation, which isn't taxed. Corporations are in favor of stock buybacks over dividends because they aren't taxed.
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level 2
We support carbon taxes right? That's a regressive tax in many of its current forms today.
Edit: Neoliberalism is not directly equal to Democratic policies. Neoliberalism has been the defining political doctrine guiding America since Carter. Reagan was a neoliberal (supported trickle down, which introduced a more regressive tax system), Clinton was a neoliberal (helped gut welfare), Obama was a neoliberal (established a market based healthcare system that pumps money to private healthcare companies).
Speaking more broadly, Neoliberalism was the term given to Augusto Pinochet's econ policies in Chile. The conservative economist Milton Friedman was a huge neoliberal as well. I'm just beginning to think this sub doesn't know what Neoliberalism is.
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level 2
· 7 hr. ago
NATO
This subreddit isn’t neoliberal lmao, it’s SocLib at most. “Neoliberal” was never an ideology, it’s just a term used by leftists to describe economic policies they dislike and the entire reason for this subreddit being called “neoliberal” is that it makes leftists seethe, which is perpetually funny.
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level 2
Yes, how silly of them to use the widely understood academic defintion of neoliberalism rather than the terminally online redditors' defintion. Christ.
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level 2
My understanding is that regressive taxes are good as they are less distortionary. This should be counteracted with social safety nets like negative income tax or UBI.
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level 2
Who supports regressive taxation here?
I do. Sick of low COL Republicans bitching about taxes while paying little to no income tax. It's shouldered by the middle class in blue states who struggle to pay rent
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level 2
There are actually a few. They won't pop up in a conversation like this, but whenever someone says the rich should pay more, there's a couple of people who pop up to say "Haven't you seen what percentage of the budget is made by rich people? They're paying enough as it is!"
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level 2
· 4 hr. ago
WTO
I support carbon taxes, which tend to be regressive in high income countries. I just also support pairing it with a dividend to counteract that.
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I think it’s worth distinguishing us, Reddit neoliberals claiming the label because extremists label us neoliberal, and actual Reagan/thatcher neoliberals who do support regressive taxation, and probably do favor greater inequality
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level 2
· 3 hr. ago
NATO
It’s really obvious theres more poor people so you have a larger pool to draw from - I see no flaws in this plan
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level 2
· 51 min. ago
YIMBY
I don't think a tax being regressive is immediately disqualifying. Gas taxes are regressive, and so are alcohol and cigarette taxes.
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level 2
· 35 min. ago
Adam Smith
Regressive taxes can be good. Ie gas taxes, VATS, pigovian taxes on drugs that are used by the poor etc.
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level 2
So you asking this sub what they think is more scientific than an actual study? Checkmate r/science.
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level 1
Regressing attitudes on policies and concluding that policies cause attitudes, just brilliant
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level 1
· 7 hr. ago
Esther Duflo
To determine if neoliberalism had an impact on attitudes towards inequality, the researchers analyzed data from the World Values Survey (WVS)—commonly used in tracking global attitudes. Here, respondents are asked to choose a number on a scale to indicate their level of agreement or disagreement with a series of statements—e.g., “We need larger income differences as incentives for individual effort” and “Incomes should be made more equal.”
By using both the Fraser Institute’s “Economic Freedom Index” and the WVS, the researchers could ascertain whether or not a nation’s economic system preceded a change in its peoples’ attitudes over three-to-five-year periods.
Research 100
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level 2
· 7 hr. ago
Frederick Douglass
i don’t know if i’m stupid but i genuinely don’t see what’s wrong with this, can someone please explain?
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level 2
· 7 hr. ago
Hell yes, I'm tough enough!
Neoliberalism is when bad. Research funding to the left 👈
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level 2
· 5 hr. ago
Bisexual Pride
Love how the mods delete anything criticizing the study with their “comment must assume basic competency of researchers” report.
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level 2
level 2 comments be like: The US needs socialism not free markets, my evidence is that people in the US think one day they will be millionaires.
lol wut
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level 2
arrScience: “neoliberism bad”
Bro, what the fuck happened to that subreddit. I just looked at it's front page and it's all papers about political issues.
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level 2
· 6 hr. ago
Hell yes, I'm tough enough!
I actually think apart from one or two top level comments, the comments are roasting the paper which is nice to see
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level 2
· 6 hr. ago
John Keynes
I dunno, I saw some decent takes, even some people referencing this sub in particular and talking about how we don’t conform to the definition they use in the study and all.
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level 1
/science has gotten pretty bad these days. It's mostly populist, click baity articles targeting a very specific, biased political demographic.
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level 2
· 7 hr. ago
George Soros
Is it worse than when it was dominated by tech bros who insisted gender is just biological sex?
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level 1
This research defines neoliberalism as "things I don't like" I assume
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level 2
· 6 hr. ago
r/place '22: Neoliberal Battalion
Fraser's EFI is taken to represent neoliberalism here
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level 1
· 5 hr. ago
United Nations
Them: "Neoliberals fucking love inequality!"
Us: "High capacity housing, high speed rail, and taco trucks, please."
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level 1
A lot of people think Reagan when they say neoliberal. Here, I think of Hillary or Buttigieg, which is a pretty big spread in ideologies.
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level 2
· 6 hr. ago
Václav Havel
I think, part of the problem is that a lot of the same people that envision Reagan when you say “Neoliberalism”… also envision Hillary and Pete. They make that grouping, and don’t see the obvious gulf of differences between the two groups.
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level 2
· 1 hr. ago
Milton Friedman
None of those three are NeoLiberals.
Bush Sr, Thatcher, and Clinton are the closest you’ll get politically to NeoLiberals.
Past that it’s just economists like Milton Friedman all the way down
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level 1
Neoliberalism typically supports reductions in government spending, privatization of industries, and deregulation to stimulate public consumption and economic growth.
Government spending at highest in history. Government picks winners and losers through contracts and bailouts, US is more regulated than ever(can't even see a doctor of physical therapy without getting a prescription from a Physician).
In conclusion, Neoliberalism is the cause of inequality, just ignore that we havent been doing it.
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level 1
· 5 hr. ago
Thomas Paine
This sub needs to stop getting mad at criticism aimed at an ideology we named ourselves after to be humorous lol.
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level 2
" Neoliberalism typically supports reductions in government spending, privatization of industries, and deregulation to stimulate public consumption and economic growth. "
What do you disagree with?
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level 1
· 7 hr. ago
NATO
Why do people care so much about inequality?
First we tackle poverty, then we can move to inequality
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level 2
Because Inequality prevents policy to tackle poverty.
Its a circular problem.
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level 2
[deleted]
· 5 hr. agolevel 2
· 32 min. ago
Adam Smith
I don't get it either. How much my neighbors have is irrelevant to be so long as I have enough.
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level 2
r/neoliberal laughing its ass off at yet more proof we live rent free in the heads of leftists
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level 2
Nah, popcorn just finished, my program is compiling, I got a good 5-10 minutes of populists to laugh at on r/science.
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level 1
You are all missing the most important part of this. Inequality literally does not matter in any way as long as everyones lives are improving. If billionaires double their wealth but the average person's quality of life goes up 15% in the same time period we are still on track for the continuous improvement industrialization and modern society has provided for the last 200 years.
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There are pros and drawbacks of every economic policy view. Neoliberalism is no exception.
I would like to see the correlation between the free markets, which send well paying jobs overseas for cheap labor and the wealth gap. Sending labor overseas makes the owners wealthier as they cut costs, but what of the stateside former and current employees? The employees left at the firm get the benefits of the stock increases, if they invest in the 401k or stock purchase plans. But is the better then when the labor was conducted in the US and more Americans reaped a livable wage via the labor that was once conducted in America? I see positives and negatives of both situation.
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We're not "sending jobs overseas." Foreign competition is showing that American businesses are too inefficient. Furthermore, most job losses are due to automation, not foreign competition anyway.
You've forgotten to mention the benefit of cheaper, better goods, which is one of the main benefits of trade.
Free trade increases growth, and a rising tide lifts all boats (courtesy of welfare payments).
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level 1
· 36 min. ago
Adam Smith
No shit? Inequality is the likely result in a meritocracy and we shouldn't bemoan that. Rather, it should be celebrated. The whole of neoliberalism was to push back against the dubious ethics of Marxism and the collectivist postwar consensus. This outcome is much nearer to a society that values freedom and self-ownership.
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level 1
Most of the comments crapping on this paper have very clearly not even skimmed the methods. I need to dig more into the research to decide whether I think the method is sound or not, but I do know most of the critiques I have read are totally unfounded. I honestly thought this sub was better than that.
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More posts from the neoliberal community
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Alan Turing was highly influential in the development of theoretical computer science, providing a formalisation of the concepts of algorithm and computation with the Turing machine, which can be considered a model of a general-purpose computer. He is widely considered to be the father of theoretical computer science and artificial intelligence.
Turing was prosecuted in 1952 for homosexual acts. He accepted hormone treatment with DES, a procedure commonly referred to as chemical castration, as an alternative to prison. Turing died on 7 June 1954, 16 days before his 42nd birthday, from cyanide poisoning. An inquest determined his death as a suicide.
https://en.wikipedia.org/wiki/Alan_Turing#Death
RIP
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people need to stop portraying things they dont like in the worst light possible.
it it clear they're implying chattel slavery, the worst possible form practiced. there is no reason for this to be the default form of slavery whenever the topic comes up.
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A common argument among conservatives and "libertarians" is that the federal government leaving the abortion up to the states is the ideal scenario. This is a red herring designed to make you complacent. By definition, it cannot be a state issue. If half the population believes that abortion is literally murder, they are not going to settle for permitting states to allow "murder" and will continue fighting for said "murder" to be outlawed nationwide.
Don't be tempted by the "well, at least some states will allow it" mindset. It's false hope.
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