Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Neoliberalism: A Soviet nightmare | Dr Abby Innes | LSE Associate Professor in Political Economy" video.

  1. I disagree. Capitalism and democracy can reinforce each other, but tensions arise when economic power overshadows political equality. The balance depends on regulations, civic engagement, and institutional safeguards. But capitalism does not need democracy to exist, and vice versa. Democracy existed for over a thousand years before Capitalism. We see this in authoritarian regimes. And the UK is a democratic society, but it's democracy is undeveloped in practice, which is not abnormal. It literally is the longest running political experiment on our history. And that is the same for every society that claims to be democratic. The model is being refined across history. Show me a perfect democracy, and you will have found heaven on earth. But you can't as it is a work in progress. It's another evolution in human societal organisation, and its the best scheme, when allowed to be fully developed. But it exists of course in a state of tension, because it is less dynamic and responsive than it should be. But our democracy can be reformed to perform better, but it needs to be protected from those who would wish to undermine it. Including those, who for their own reasons, are sceptical about democracy. Too much water can drown us, but we need water to drink and quench our thirst. We have to find an optimal balance. That we try means we can improve if we promote democratic values. The alternatives are not healthy.
    1
  2. Neoliberalism is an economic failure, because it is inefficient, because it's theories ignored the dark triad traits in some human beings. Socialism in the British, and not the slogan-like American sense, seeks to balance the two, to be pragmatic. Neoliberalism is neither balanced or pragmatic. It was bringing the incentives that drove colonisation and economic imperialism home to the West. Thus, income and wealth inequality was inevitable under neoliberalism. And technoneoliberalism is worse, because it seeks only to optimise and protect the wealth extraction of a few, whilst impoverishing the rest using AI and other technologies.
    1