Comments by "MarcosElMalo2" (@MarcosElMalo2) on "What Exactly Is Neo-liberalism? (how you lost your future)" video.
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Neoliberalism was an appropriate response to the economic conditions of the 70s. It’s continuation was “too much of a good thing”.
I think of capitalism as a tool, not merely as a structure. It’s a set of social technologies that act as a motor. As with any motor, it is used to “do work”, and should be adjusted to do that work accordingly. It must be tuned, adjusted, and regulated to do that work effectively.
The idea of “pure capitalism” is a motor that doesn’t do any real work. It’s like a model of a motor, almost an abstraction. There is no “Pure Capitalism” outside of the world of ideas. It’s never existed in the real world.
If you think I’m moving toward a car analogy, you’re correct. If capitalism is a motor, its purpose is moving society forward. Society is the vehicle. In a representational democratic society, the members of that society determine who drives. More importantly, they decide on the goals and the route to reach those goals.
There’s a lot of good comparisons with this car analogy. To determine how you tune and tweak the engine, you must decide on the purpose of the vehicle. Should it be a bus or a sports car? What safety features are included so people don’t fall off or are injured in a crash? What level of maintenance is necessary to keep the vehicle running?
Also, you don’t want a crazy or incompetent driver who will drive off a cliff. 😅
Capitalism-as-ideology turns the marketplace into a religion. (Perhaps this is a tendency of any ideology.) Capitalism-as-ideology cannot adjust to changing road conditions. When the road curves, it forces the vehicle to drive off the road (perhaps off that aforementioned cliff).
Capitalism-as-engine and society-as-vehicle are pretty good analogies, but they’re not perfect. Like any tool, capitalism can be weaponized. The analogy doesn’t address social hierarchies in a meaningful way. It doesn’t account for the imperfections of democracy or how democracies can be perverted by hierarchy. It doesn’t address other forms of societal organization outside of economic organization. But it’s a useful way to think about capitalism.
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