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Why has the world gone to shit?
(lemmy.world)
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this post was submitted on 24 Jan 2024
388 points (91.5% liked)
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One of the major reasons is that Milton Friedman had a thought back in the 70s that fucking everyone in the western world latched onto, and the consequences have been getting worse and worse for the average person for most of the time since then.
Of course, neoliberals don't actually believe in neoliberalism, they profit off it's failure.
If you give a rich person even more money and it never trickles down, you just gave a rich person money. If you're claim companies will regulate themselves and they don't, you just gave companies the freedom to do exploitative, dangerous things in search of bigger profits.
If neoliberalism actually delivered on any of its promises, neoliberals wouldn't support it.
It's nothing more than a book of pre-made lies that sound plausible enough for a press conference and signal to other neoliberals that their feeding trough is being filled.
Knew the what. Not the how/why we got there. Thanks for sharing.
Indeed. Knowing how we got here is the first step to fixing it.
Shareholder primacy is older than that. Check out Dodge v. Ford
Sure, but him writing that op-ed in the NYT popularized it to the degree that it became an explicit goal of pretty much all corporate leadership people from that point on.