806
'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
(www.abc.net.au)
this post was submitted on 12 Aug 2024
806 points (96.8% liked)
World News
39096 readers
2866 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Capitalism was nice when it first popped up. Because it was an improvement over feudalism.
Actually, it wasn't that nice when it first popped up, considering the first capitalist ventures were colonialism (including the conquest of the Aztec and Incan empires and the east Indian tea company that was worse for India than Hitler was for Europe).
But it was relatively nice because before capitalism, most development needed to be done by the king, who had limited funds. Bankers had been building wealth and capitalism allowed them to become new sub kings with their own empires. More empires meant more development, which also means a lot of employment, so it did increase the quality of life for many people as they got paid to improve things around them and new products popped up.
But we've since outgrown the whole kings thing for control of a geographic or political region while corporations are still run like dictatorships (with the executive team acting as sub kings for the board, which acts as sub kings for the shareholders, where institutional investors dominate, which just makes the whole thing less transparent because those institutions also have similar command structures).
So while there is some truth to capitalism having had a positive impact, the overall story is more complicated than that (the plunder from colonialism made it look a lot better at a high price in the colonies, and it was a relative improvement to "only the lord of the land can develop it and benefit from that improvement") and society has generally since rejected that model for running political regions but the economic model has yet to catch up.
The capitalists are resisting that change similarly to how the kings resisted changing from monarchies to republics and have been since around WWI and the fascist regimes of the 20s and 30s were a result of capitalists siding with them to prevent various leftist movements from gaining power.
Colonialism was pursued under the economic theory of mercantilism and capitalist thinkers explicitly separated their ideas from it (among other things by emphasis on the idea that the best kind of wealth is tools instead of gold and as a result the pursuit of wealth can be cooperative instead of zero sum game), but otherwise sure it all looks the same in the end. It's not like capitalists ever stopped and said "No, don't invade that country for its natural resources, that goes against our principles of making more money."
Fucking well put!