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[-] RedWizard@hexbear.net 38 points 2 months ago* (last edited 2 months ago)

In reality neoliberalism has depended on huge levels of government support for its entire existence. The global neoliberal economic order could easily have collapsed into a 1930s-level Great Depression multiple times over in the absence of massive government interventions. Especially central to its survival have been government bailouts, including emergency government spending injections financed by borrowing—that is, deficit spending—as well as central bank actions to prop up financial institutions and markets teetering on the verge of ruin.

Bailouts have therefore not only repeatedly rescued neoliberal capitalism during periods of crisis, but they have also, as a result, reinforced neoliberalism’s most malignant tendencies.

https://www.bostonreview.net/articles/neoliberalisms-bailout-problem/

The REALITY of NEOLIBERALISM is that it REQUIRES government intervention through bailouts to FUCKING SURVIVE.

If your theoretical economic system can't survive without bailouts when put into practice then bailouts ARE A FEATURE of your economic system.

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this post was submitted on 31 May 2025
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