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  • vga@sopuli.xyztoTechnology@lemmy.world*Permanently Deleted*
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    18 days ago

    The golden age of classical liberalism, when capitalism actually worked, the 1700-1800’s, more closely resembles what we would today call market socialism.

    I don’t think that’s a valid historical claim. 1700s and 1800s were largely influenced by Adam Smith, with a limited level of governmental intervention and high amount of private liberties.

    What western countries currently have is much more like market socialism than classical liberalism. If we take Elon Musk as an example, a large part of his success comes from governmental corruption: direct financial assistance (multiple billions of dollars), tax breaks and subsidies, and several government contracts. Even fucking Ayn Rand would call him a parasite.

    I think the proper fix would be to return to actual classical liberalism and reject or at least limit the amount of market socialism. No idea how that could be done now that the problem has become so bad. A neoliberal revolution? lol.