Chris Dillow — The Neoliberal Constraint

About framing in addition to cultural mindset. Important instantly that MMT is gaining traction in addition to neoliberalism is beingness challenged past times social democracy. This is an resultant that Bill Mitchell alongside MMT economists has been peculiarly devoted to, although they are all concerned with it equally a affair of strategy instantly that MMT is ascendent.

My betoken hither is a disquieting one. It is the instance that many neoliberal ideas are obviously wrong; neoliberalism, for example, powerfulness good accept retarded productivity growth. It is not, however, sufficient to betoken this out. Neoliberal ideology – whether correct or incorrect – tin dismiss practise its ain reality. Insofar equally this is the case, it is a constraint upon what social democratic governments tin dismiss achieve.

The betoken is far broader than neoliberalism or economics. H5N1 cultural mindset is determinative. Cultures with clashing cultural mindset, such equally liberalism in addition to traditionalism, exhibit social in addition to political divisiveness. Neoliberalism is a detail interpretation of liberalism.

Who controls the narrative controls the culture's perception of reality.

Stumbling in addition to Mumbling
The neoliberal constraint
Chris Dillow | Investors Chronicle