Neoliberalism has been a failure for the actual population. It's decoupled economic growth from improved quality of life. Meanwhile, social democracies in Europe are showing that other models are practical and viable.

[–] MultigrainCerealista@hexbear.net 27 points 1 year ago

Which European country isn’t pursuing neoliberal economics?

[–] brain_in_a_box@hexbear.net 24 points 1 year ago

Practical and viable so long as you have a massive base of exploited labour in Africa and Asia to prop you up.

[–] GaveUp@hexbear.net 19 points 1 year ago* (last edited 1 year ago)

GDP Annual Growth Rate in European Union averaged 1.70 percent from 1996 until 2023

https://tradingeconomics.com/european-union/gdp-annual-growth-rate

GDP Growth Rate in Euro Area averaged 0.37 percent from 1995 until 2023

Source: https://tradingeconomics.com/euro-area/gdp-growth

[–] Frank@hexbear.net 17 points 1 year ago (1 children)

Social Democracies in Europe are showing that you can keep people complacent as long as the oil and the african gold don't run out. Whoopsie.

[–] zephyreks@lemmy.ca -1 points 1 year ago (2 children)

Must be forgetting about Finland, whoopsie.

[–] ComradeChairmanKGB@lemmygrad.ml 13 points 1 year ago

You don't think Finland benefits from the victimization of the global south?

[–] Frank@hexbear.net 11 points 1 year ago

Yeah, "countries" the size of an American suburb don't matter. Euros are always like "but what about shitsteinburg, a country with a proud national tradition and a population of 37!" Nobody cares.

[–] happyandhappy@hexbear.net 10 points 1 year ago* (last edited 1 year ago) (1 children)

neoliberalism is a function of capitalism's contradiction of requiring constant exponential growth. in an infinite timeline neoliberalism will sadly completely consume any semblance of "social democracy", and you can already see even the classic european social democracies are beginning to eat away at and privatize their welfare states.

other people are also pointing out unequal exchange, which is a critical concept to factor into the equation when trying to understand where the wealth of the european social democracies come from.

https://www.youtube.com/watch?v=rjLmYCfKU7o this video is a really good short primer on the topic!

[–] PipedLinkBot@feddit.rocks 1 points 1 year ago

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