Fascinating little window
- Almost 60% of respondents wrongly believe that the country is in a recession (it hasn’t been since 2020)
- 55% believe the economy is shrinking (it is growing)
- 49% say unemployment is at a 50-year high (it’s close to a 50-year low)
- 58% said the reason the economy is worsening is due to Biden’s mismanagement
Things were mismanaged for a long time yes, but blaming neoliberalism for late stage capitalism is a bit too much.
I disagree. Neoliberalism turbo-charged all of the problems with capitalism, by encouraging the “everyone out for themselves, dog eat dog world” mentality.
Wait. Neoliberalism is literally a set of fiscal practices that that online folks refer to as late-stage capitalism. They’re practically identical in meaning. Without neoliberal policy, the phrase “late-stage capitalism” likely never gets coined.