A liberal approach to market regulation here would have led to disaster a long time ago, for the reasons you described at the beginning of your comment. The market "works" because of, not inspite of regulation. And negative prices are a good thing for consumers, not market failure.

Regulation of a market by the government is liberal politics. A laize faire approach is conservative lol.

[–] Fried_out_Kombi@lemmy.world 2 points 7 months ago (1 children)

Somehow internet populists have become convinced that liberalism = the government never does anything. Ask literally any economist and they will tell you government intervention and regulation are needed in many things.

For example, read this study on the policy views of practicing economists: https://econfaculty.gmu.edu/klein/PdfPapers/KS_PublCh06.pdf

You will find that most economists strongly support things like environmental, food and drug safety, and occupational safety regulations.

Convincing people liberalism is an evil capitalist ploy to deregulate at all costs is a conservative psyop, and judging from comments like the one to which you're responding, it's working.

[–] KillingTimeItself@lemmy.dbzer0.com 1 points 7 months ago

Somehow internet populists have become convinced that liberalism = the government never does anything. Ask literally any economist and they will tell you government intervention and regulation are needed in many things.

ah yes, the classic laissez faire interpretation of libertarian.

[–] LadyAutumn@lemmy.blahaj.zone -1 points 7 months ago (1 children)

Neo liberalism is the core ideology of modern conservatism. For example, both the republican and democrat parties in the United States adhere to Neo Liberal ideology. They are both conservative.

Neo liberalism is the ideology of deregulated capitalism. Neo liberalism holds that everything should be marketable without government interference, including healthcare, real estate, power generation, water, etc. Pioneered by Margaret Thatcher and Ronald Reagan, it is the dominant political ideology across Western democracies. Liberals and Conservatives are both adherents of Neo Liberal capitalist ideology. Leftists are those who support regulation, they are definitionally anti-capitalist. When people refer to the democrat party as socialist or democrats as Leftists, they're just misusing those terms. Democrats are Neo liberal conservatives who, by and large, support deregulated capitalism.

[–] DogWater@lemmy.world 3 points 7 months ago (1 children)

Okay, and?? None of that goes against what I said. In the scope of us politics, Deregulation of markets in the US is Republican platform. Regulation of markets is Democrat platform. Democrats in the US are more liberal than Republicans even though, as you said, they are far from real leftists.

[–] LadyAutumn@lemmy.blahaj.zone -1 points 7 months ago

Their platform at times advocates regulation, but they don't do much in the way of it. They are largely still in favor less regulation. We have had Democrat presidents since Reagan, quite a few actually and despite that unilaterally regulation had decreased pretty constantly over that time period.