Earlier this month, the Wall Street Journal wrote that Netflix was planning to raise its prices once again. The streamer implemented its last hike in January 2022,...

Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers::undefined

  • SCB@lemmy.worldEnglish
    38·
    1 year ago

    Neoliberalism (narrowly defined under economic terms) is the idea that minimizing government impact in markets is a good thing, and that government regulation should be designed to efficiently address externalities with as little market distortion as possible.

    Neoliberals, for instance, were among the first advocates for single-payer healthcare in the US, as they saw the insurance market as generally one large externality ripe with perverse incentives.

    Historically, neoliberals have ranged from Reagan/Thatcher to Bush 1/Clinton, to HRC and Obama. Republicans kind of lost the plot on neoliberalism around 1996.

    The internet started shitting on neoliberalism right about the time Hillary Clinton trounced Bernie Sanders, which they also blamed on neoliberalism. Before then, their criticisms were mostly Reagan/thatcher specific. As neoliberalism evolved, so did the internet, because leftists need something to hate and they were the loudest people online at the time.

    • TropicalDingdong@lemmy.worldEnglish
      2·
      1 year ago

      Neoliberalism is the idea that minimizing government impact in markets is a good thing, and that government regulation should be designed to efficiently address externalities with as little market distortion as possible.

      Its bigger than that. I dont know if it was clear from how I said it, but there not being a “there” there is that both the word has lost meaning, or that its meaning has broadened to mean something bigger. You should look into some of those references I dropped.

      Whatever “this” is, I think neoliberalism is a good word for it (and I do take the broad definition to include the culture behind it).

      • SCB@lemmy.worldEnglish
        47·
        1 year ago

        I am literally a neoliberal. I work with neoliberal groups, donate to neoliberal charities, support neoliberal politicians, and even own a hoodie that says “neoliberal and proud.”

        Before I got perma’d from Reddit for saying “The only good nazi is a dead nazi,” I regularly posted on /r/neoliberal.

        I am quite aware of what neoliberalism is.

        What you’re describing is more just people being bad at their jobs, and this moving you to assume malice instead of incompetence because of their job title.

        Sears was dead for almost twenty years, they just didn’t know it yet. They died when malls died, and instead of any sort of pivot, they doubled down. This was a car crash in slow motion.