
Neoliberalism As Water Balloon
2 years ago
With simple materials found around the house, you too can conduct an experiment to see what has happened to the economy.
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Tim
Chandra
Loved the lab coat!
John
Maybe a more elastic net-like thingy can be used, and as credit is pumped, the bottom section would expand more than the middle, which would visualize how producing debt makes folks poorer?
In a class you can get students to explore the limits of the metaphor by researching stats on how class structure is actually changing in specific countries due to neoliberalism.
In defense of the physics of balloons, I suppose one could argue that those now trapped in the social safety net have less access to credit that those in the "middle class" which seems to expand if one looks at consumption, although it's really only hot air. But I'm not sure I'd go to the wall on that though.
How are high unemployment rates and high inflation rates demonstrative of success? The lesson of the 70s was that Keynesian economics are far too short-sighted, and will bankrupt you in the long run.
If you had taken the time to look at the story from an economic point of view, you'd see that the late 1980s through the 1990s was an enormously productive and prosperous period for people throughout the world--hundreds of millions of people in China for the first time were lifted out of poverty thanks to free-market economic reforms, the ludicrously unnecessary burden of communism was lifted off East Europe, and neo-liberalism flourished in the West. An uncommonly long era of peace, vast improvements in the standard of living worldwide, advances in civil freedom--hardly a record that can be written off by a man doing a cheap stunt involving water balloons, no matter how satisfying it may be to his indulgent leftism.