it’s always based on laws that describe what happens (or more accurately what USED TO happen) and not why they happen. This lack of a scientific economic approach has led to the impotency of liberal economic “science”. This is why the libs, even the ones that consider themselves “economists”, are so frequently wrong: they’re entire fucking ideology has been rendered completely null by the ongoing changes in society, which are propelled by its own contradictions. They predicted that China would collapse 30 years ago; China’s stronger than ever. They sanctioned Russia; ruining their own economy in the process while not even hurting the RF. They can’t even figure out why wages haven’t risen with economic output…Liberalism is just copium expressed in complex economic jargon.
Very good thoughts.
Imo it’s sometimes difficult to distinguish between incompetence and malice in economic leadership, especially when American Democrats and the like are in charge. Because they claim one set of goals (vague gestures toward improving economic conditions for regular ppl) and never deliver, it may seem as though they’re ineffective, but once it’s understood their economic ideologies are antithetical to things that would jeopardize the rate of profit (e.g. increasing labor power, full employment, social programs, non commodity housing, healthcare, etc), it becomes clear that the liberal technocrats are really malign hypocrites. Materially, American conservatives are not better, but they’re historically a bit more open about not caring about regular people.