freediver wrote on Aug 12
th, 2022 at 7:42pm:
John Smith wrote on Aug 12
th, 2022 at 3:47pm:
freediver wrote on Aug 12
th, 2022 at 3:11pm:
Ah. Communism is always the answer to everything eh?
well capitalism has failed so why not try something different
How has it failed?
Once again you are hiding behind conflation of terms; capitalisn
per se is not the problem, it worked well in thepost-war period up to the 70's. with increasing living standards for all, under
Keynesian "welfare state" policies.
The problem is
neoliberal market policies adopted since then, which have seen stagnating wages at the bottom end, and soaring inequality.
Not to mention democracies becoming increasingly dysfunctional and hyperpartisan: the EU's 3rd biggest economy doesn't have a government ...with the populist Right looking like it has a chance, after a decade of economic stagnation in Italy. And Macron paralyzed because the working class can't cope with the cost of living.
Brazil's GDP has slumped by half since the GFC, so that Brazil's
GDP per capita is now less than China's.
....repeated in many countries.
In Oz it will be interesting to see how long neoliberal Albo's 'honeymoon' can remain positive, given current cost of living pressures.
The US still in turmoil due to half the population living payckeck to payckeck, resulting in hyperpartisanship and the ongoing effects of a still disputed election result.