this post was submitted on 13 Jul 2023
17 points (87.0% liked)

Memes

45595 readers
1200 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
17
Liberal Economics be like (lemmy.dbzer0.com)
submitted 1 year ago by alsaaas@lemmy.dbzer0.com to c/memes@lemmy.ml
59 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] SMTRodent@sopuli.xyz 1 points 1 year ago

Liberal in economics and Liberal in US politics mean two very distinct and different things. It's like the way a 'runner' in a race is different to a 'runner' in a restaurant. They're not the same things at all.

Economic liberalism means free trade and deregulation. If it makes money, it's good. Neoliberalism is also referred to as 'hypercapitalism'.

'Liberal' in US politics means 'left of the GOP' and is its own unique thing. It bears no relation to economic liberalism at all. The two may coincide but they're independent of one another.