Monday, July 17, 2023

Are the Left and the Right converging on Economics?

The left-leaning Economist thinks so:

Both sides agree that the old order that prized expertise, free markets and free trade—“neoliberalism”, usually invoked as a pejorative—was a rotten deal for America. Corporations were too immoral; elites too feckless; globalisation too costly; inequality too unchecked; the invisible hand too prone to error.
  • ... Both find competition with China to be a justification for industrial policy; 
  • but the new right does not find the threat of climate change to be nearly so moving. 
  • [No desire] reform [Social Security and Medicare] before the trust funds [run out]

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