#neoliberalism

#neoliberalism

We should not let the follies of Trump's tariffs overshadow the follies of the gung-ho globalization that preceded them. So said the award-winning economist James K. Boyce in a recent interview. In 2022, the most recent year that data is available, the US trade deficit totaled $971 billion or 3.77 percent of the GDP. The last US trade surplus was in 1975.

Abundance liberalism is seen as a return to centrist pragmatism, lacking a robust political core and failing to address the foundational issues of corporate power and regulation.

"Neoliberalism’s homo economicus perpetuates the belief that individuals succeed or fail solely through their own efforts, ignoring societal influences and the communal aspects of human nature."

The emergence of social cooperatives marks a shift in social care, focusing on community-led services that rehumanize care through collaborative relationships and shared responsibilities.