Todd Lewis (quoting Investopedia, 0:53): “NeoLiberalism is a policy model bringing politics, social studies and economics that seeks to transfer control of economic factors to the private sector from the public sector.
It tends toward free market capitalism and away from government spending regulation and public ownership.
Some of the policies that it tends to advocate: NeoLiberalism supports fiscal austerity, de-regulation, free trade, privatization and greatly reduces government spending” - Investopedia
A certain Mises article, entitles ‘Was Mises a NeoLiberal?”, cites a definition from David Harvey which states, an economy based on just-in-time production, the internationalization of capital, the de-regulation of industry, insecure labor and the entrepreneurial self.
In the years since, these trends have only accelerated due to the improvement in and spread of information technologies, but few call this post hoardism any longer, they mostly call it NeoLiberalism.” - David Harvey
[...]
Keith Preston (10:40): And that’s really where things stand now; that’s still the paradigm we’re in now, is neo-liberalism.
Todd Lewis (10:47): Some of the objections that I have with NeoLiberalism:
We’ll start with just-in-time production.
Just-in-time production as defined by Investopedia is an investment strategy that aligns raw material orders from suppliers directly with production schedules.
“Companies employ the inventory strategy to increase efficiency and decrease waste, while receiving goods only as they need them for the production process, which reduces inventory cost. This method requires producers to project consumer demands accurately.” - Investopedia
Todd Lewis: So, the obvious problem with just in time production is that it is nether robust nor anti-fragile.
A system is robust if it can survive shocks to the system.
A system is anti-fragile if it grows proportionately to the shocks.
Shocks to the system would bring a just-in-time production change with needs.
Which then leads to the externality of The U.S. empire, because we need to make sure that all the production chains don’t break-down, and we have to make sure that they all work; so if one part of the world is destabilized or run by a rogue state that pulls-out of the global economy then we run the risk of pulling the string out of the production chains, which then leads to the whole system unraveling.
Unfortunately, Keith Preston continues to reconstruct [staying inside the box of] the Jewish deployment of the terms left and right, which, of course, is bum steer for White people.
Posted by Problems with Liberalism: Neo-Liberalsm on Mon, 23 Sep 2019 03:53 | #
Unfortunately, Keith Preston continues to reconstruct [staying inside the box of] the Jewish deployment of the terms left and right, which, of course, is bum steer for White people.