I can’t tell if this article is meant to be positive or negative lmao
RandomMangaFan on
if my grandmother had wheels, she’d be a bike
Herecomesthewooooo on
Could have fooled the hell out of me
mbe8819 on
that’s not real ~~capitalism~~ ~~socialism~~ ~~communism~~
omnipotentsandwich on
He’s a socialist who agrees with some liberal policies. That’d be like saying that the Kshama Sawant is a liberal because she hates the tariffs.
Ok-Box-8047 on
Mamdani is at least savy enough to pivot towards neoliberal stances in his effort to win office. Which is good considering pretty much everyone (and I mean EVERYONE) is falling over themselves to paint him as a die-hard communist. Feels very similar to AOC.
Useful-Structure-987 on
Pretty flawed logic in the article when it starts talking about aggregate demand, but understandably probably shared on this sub for humor.
Btw: 🇨🇳🇨🇳🇨🇳🌐🌐🌐!!
Old-School8916 on
democratic soc neolibs… what will be next? communazis?
BelmontIncident on
Is this The Onion?
RageQuitRedux on
Jesus this is bad.
> It is in the interest of each business to get the highest price for its goods or services while paying its workers as little as possible. But if every business does this, then aggregate demand will collapse, because most workers will be paid too little to buy the goods or services that businesses are selling.
No mention of labor market competition, which is the actual thing that is keep wages above minimum.
Edit: Also, highest price? In a land where demand is perfectly inelastic, I suppose? That’s not the land most business live in
> Unfortunately, a new system has emerged in Western democracies over the last half-century, brought about by neoliberal leaders from Ronald Reagan to Tony Blair. The high-wage/low-welfare system, resting on the power of organised labour, has been replaced by a low-wage/high-welfare system in which the power of workers to demand higher pay has been weakened. Under neoliberalism, the government allows employers to pay poverty wages and volunteers to “top up” the inadequate private wage with a “social wage”, so that the combined sum prevents hunger and homelessness.
Dumb for a couple of reasons:
1. Inflation-adjusted wages are higher than ever
2. Welfare systems actually reduce labor supply, which increases wages.
This is as far as I got
P.S. This piece is ism-brained, which is part of what makes it dumb. But with that said, not everything is a battle between socialism and neoliberalism. Arguably, most economists (and democrats, for that matter) are better described as New Keynesians than neoliberals.
>Unfortunately, a new system has emerged in Western democracies over the last half-century, brought about by neoliberal leaders from Ronald Reagan to Tony Blair. The high-wage/low-welfare system, resting on the power of organized labor, has been replaced by a low-wage/high-welfare system in which the power of workers to demand higher pay has been weakened. Under neoliberalism, the government allows employers to pay poverty wages and volunteers to “top up” the inadequate private wage with a “social wage”, so that the combined sum prevents hunger and homelessness.
Ronald Reagan, famous lover of welfare.
>Mamdani’s agenda includes a $30-an-hour minimum wage, but New York City can’t impose that without the permission of the state legislature.
Okay but he also can’t really do universal childcare or free buses without NY state’s support either. He needs state approval for any tax increase, and the MTA is controlled by the state, not the city. The one thing Mamdani can do pretty easily on his own is the rent freeze for NYC’s rent controlled apartments. Is rent control neoliberal now too? What a low-effort article.
BlackCat159 on
Mamdani would be far right in Europe.
AtticusDrench on
> Real socialism is not on the ballot in New York City, and pure free-market capitalism is impossible. The problem with capitalism is that what is logical for individual businesses is collectively destructive for the system as a whole. It is in the interest of each business to get the highest price for its goods or services while paying its workers as little as possible. But if every business does this, then aggregate demand will collapse, because most workers will be paid too little to buy the goods or services that businesses are selling.
> Modern industrial capitalist systems have dealt with the problem of underpaid workers in two ways. One is to minimise their number by compelling employers to adequately pay employees, thanks to methods including organised labour, a high minimum wage, and central bank policies which don’t mechanically punish wage increases in the name of fighting inflation. Paid adequately, workers should be able to afford housing, groceries, and transportation costs, while those out of employment are covered by universal contributory social insurance. In a high-wage/low-welfare system like that of the New Deal era, only a few unfortunates depend on public welfare to survive.
Doesn’t he describe himself as DemSoc? Or did I memory hole that.
slappythechunk on
“Neoliberalism is when they’re not socialist enough”
– Michael Lind
ldn6 on
Least absurd Unherd piece.
Entuciante on
Mandami flair when?
potatochopsticks101 on
And I am Ming Emperor Yongle
shillingbut4me on
Ladies and Gentlemen, we got him.
slothalot on
Hated by the right ✅
Hated by the far left ✅
Called a sellout for not being maximally extreme ✅
Wants to work within the system and not tear it down ✅
Understands electoral politics and cares about winning ✅
Doesn’t blame capitalism for all of the worlds problems ✅
Holy shit he just might be
KDx2511 on
Wth wrote this? How is it neoliberal when he proposes a city-owned grocery store?
madmissileer on
> Open the matryoshka doll of Zohran Mamdani, and nestled inside you won’t find Lenin, Marx, and Engels. Instead, it’s Biden, Obama, and Clinton.
Lol
Affectionate_Cat293 on
He’s definitely not neoliberal, but I would argue that he is “liberal” in the sense that he believes everyone should be able to define their own life project and pursue it in their life. He’s also secular because for him, being Muslim, believing in God, etc, is just one option among many in society, and you can choose your own belief or even make up your own.
This is why he is the product of the modern West instead of the Global South.
ditalinidog on
This piece is bad but I get the author’s point at its core, he wants policies that further labor rights and increase wages rather than being solely focused on redistribution. But ascribing this to “neoliberals” and unironically lumping Reagan in is completely ridiculous. Most leftist supporters are 100% cheering on these types of policies louder than anyone else, yes many of them advocate for more labor protections too but this stuff is also their bread and butter. And they aren’t really mutually exclusive in the meantime.
Edit: also, he seems to be implying that the average person’s tax dollars are funding these programs. The intention of them is to be redistributed from taxes paid by top earners which is a part of Mamdani’s campaign tbf. Whether you force companies to pay higher wages through the minimum wage or just tax them more and make up the difference through social programs, it is more so the end amenities you have than the final income that matters.
Resident_Island3797 on
Leftist purity check speedrun any%
anbroid on
I’m losing track on where on the whole “this is neoliberalism” thing is going since so much slop is written like this piece.
Azrikeeler on
socialism is actually defined as “when lose every election”, so this checks out.
Albatross-Helpful on
>It is in the interest of each business to get the highest price for its goods or services while paying its workers as little as possible. But if every business does this, then aggregate demand will collapse, because most workers will be paid too little to buy the goods or services that businesses are selling.
This is why you think capitalism will fail? I don’t think this sentiment is even marxist. Companies want to make as much money as possible, but customers want to pay as little as possible, and so we have markets where people make choices. The same is true for the labor market.
>One is to minimise their number by compelling employers to adequately pay employees, thanks to methods including organised labour, a high minimum wage, and central bank policies which don’t mechanically punish wage increases in the name of fighting inflation.
It seems to me that this fails to explain how anyone non-union is paid above minimum wage.
Also “labour” instead of “labor” lol, go back home and keep complaining about Thatcher.
39 Comments
https://preview.redd.it/mp3rsnp76wwf1.jpeg?width=555&format=pjpg&auto=webp&s=f1adc3cda5ac9d93011985dc1ad5cc1849723005
And I’m the Earl of Sandwhich.
Is he among us?!
lol
I can’t tell if this article is meant to be positive or negative lmao
if my grandmother had wheels, she’d be a bike
Could have fooled the hell out of me
that’s not real ~~capitalism~~ ~~socialism~~ ~~communism~~
He’s a socialist who agrees with some liberal policies. That’d be like saying that the Kshama Sawant is a liberal because she hates the tariffs.
Mamdani is at least savy enough to pivot towards neoliberal stances in his effort to win office. Which is good considering pretty much everyone (and I mean EVERYONE) is falling over themselves to paint him as a die-hard communist. Feels very similar to AOC.
Pretty flawed logic in the article when it starts talking about aggregate demand, but understandably probably shared on this sub for humor.
Btw: 🇨🇳🇨🇳🇨🇳🌐🌐🌐!!
democratic soc neolibs… what will be next? communazis?
Is this The Onion?
Jesus this is bad.
> It is in the interest of each business to get the highest price for its goods or services while paying its workers as little as possible. But if every business does this, then aggregate demand will collapse, because most workers will be paid too little to buy the goods or services that businesses are selling.
No mention of labor market competition, which is the actual thing that is keep wages above minimum.
Edit: Also, highest price? In a land where demand is perfectly inelastic, I suppose? That’s not the land most business live in
> Unfortunately, a new system has emerged in Western democracies over the last half-century, brought about by neoliberal leaders from Ronald Reagan to Tony Blair. The high-wage/low-welfare system, resting on the power of organised labour, has been replaced by a low-wage/high-welfare system in which the power of workers to demand higher pay has been weakened. Under neoliberalism, the government allows employers to pay poverty wages and volunteers to “top up” the inadequate private wage with a “social wage”, so that the combined sum prevents hunger and homelessness.
Dumb for a couple of reasons:
1. Inflation-adjusted wages are higher than ever
2. Welfare systems actually reduce labor supply, which increases wages.
This is as far as I got
P.S. This piece is ism-brained, which is part of what makes it dumb. But with that said, not everything is a battle between socialism and neoliberalism. Arguably, most economists (and democrats, for that matter) are better described as New Keynesians than neoliberals.
https://preview.redd.it/0n5zi6lr7wwf1.jpeg?width=308&format=pjpg&auto=webp&s=76937bd66742a1d11c17d20b90b6d2ac27992d51
LMAOLMAOLMAOLMAOLMAO
>Unfortunately, a new system has emerged in Western democracies over the last half-century, brought about by neoliberal leaders from Ronald Reagan to Tony Blair. The high-wage/low-welfare system, resting on the power of organized labor, has been replaced by a low-wage/high-welfare system in which the power of workers to demand higher pay has been weakened. Under neoliberalism, the government allows employers to pay poverty wages and volunteers to “top up” the inadequate private wage with a “social wage”, so that the combined sum prevents hunger and homelessness.
Ronald Reagan, famous lover of welfare.
>Mamdani’s agenda includes a $30-an-hour minimum wage, but New York City can’t impose that without the permission of the state legislature.
Okay but he also can’t really do universal childcare or free buses without NY state’s support either. He needs state approval for any tax increase, and the MTA is controlled by the state, not the city. The one thing Mamdani can do pretty easily on his own is the rent freeze for NYC’s rent controlled apartments. Is rent control neoliberal now too? What a low-effort article.
Mamdani would be far right in Europe.
> Real socialism is not on the ballot in New York City, and pure free-market capitalism is impossible. The problem with capitalism is that what is logical for individual businesses is collectively destructive for the system as a whole. It is in the interest of each business to get the highest price for its goods or services while paying its workers as little as possible. But if every business does this, then aggregate demand will collapse, because most workers will be paid too little to buy the goods or services that businesses are selling.
> Modern industrial capitalist systems have dealt with the problem of underpaid workers in two ways. One is to minimise their number by compelling employers to adequately pay employees, thanks to methods including organised labour, a high minimum wage, and central bank policies which don’t mechanically punish wage increases in the name of fighting inflation. Paid adequately, workers should be able to afford housing, groceries, and transportation costs, while those out of employment are covered by universal contributory social insurance. In a high-wage/low-welfare system like that of the New Deal era, only a few unfortunates depend on public welfare to survive.
🚨 Post-Keynesian detected! 🚨
Lefties be like “you mean we might win 😡🔫”
Zohran, welcome to the resistance.
Libkanda forever.
The big tent just got 10 feet bigger.
https://preview.redd.it/slnzz42c9wwf1.jpeg?width=1600&format=pjpg&auto=webp&s=e045fc12e5c7a9dbc0d1eac337a564ca4dd570c2
Doesn’t he describe himself as DemSoc? Or did I memory hole that.
“Neoliberalism is when they’re not socialist enough”
– Michael Lind
Least absurd Unherd piece.
Mandami flair when?
And I am Ming Emperor Yongle
Ladies and Gentlemen, we got him.
Hated by the right ✅
Hated by the far left ✅
Called a sellout for not being maximally extreme ✅
Wants to work within the system and not tear it down ✅
Understands electoral politics and cares about winning ✅
Doesn’t blame capitalism for all of the worlds problems ✅
Holy shit he just might be
Wth wrote this? How is it neoliberal when he proposes a city-owned grocery store?
> Open the matryoshka doll of Zohran Mamdani, and nestled inside you won’t find Lenin, Marx, and Engels. Instead, it’s Biden, Obama, and Clinton.
Lol
He’s definitely not neoliberal, but I would argue that he is “liberal” in the sense that he believes everyone should be able to define their own life project and pursue it in their life. He’s also secular because for him, being Muslim, believing in God, etc, is just one option among many in society, and you can choose your own belief or even make up your own.
This is why he is the product of the modern West instead of the Global South.
This piece is bad but I get the author’s point at its core, he wants policies that further labor rights and increase wages rather than being solely focused on redistribution. But ascribing this to “neoliberals” and unironically lumping Reagan in is completely ridiculous. Most leftist supporters are 100% cheering on these types of policies louder than anyone else, yes many of them advocate for more labor protections too but this stuff is also their bread and butter. And they aren’t really mutually exclusive in the meantime.
Edit: also, he seems to be implying that the average person’s tax dollars are funding these programs. The intention of them is to be redistributed from taxes paid by top earners which is a part of Mamdani’s campaign tbf. Whether you force companies to pay higher wages through the minimum wage or just tax them more and make up the difference through social programs, it is more so the end amenities you have than the final income that matters.
Leftist purity check speedrun any%
I’m losing track on where on the whole “this is neoliberalism” thing is going since so much slop is written like this piece.
socialism is actually defined as “when lose every election”, so this checks out.
>It is in the interest of each business to get the highest price for its goods or services while paying its workers as little as possible. But if every business does this, then aggregate demand will collapse, because most workers will be paid too little to buy the goods or services that businesses are selling.
This is why you think capitalism will fail? I don’t think this sentiment is even marxist. Companies want to make as much money as possible, but customers want to pay as little as possible, and so we have markets where people make choices. The same is true for the labor market.
>One is to minimise their number by compelling employers to adequately pay employees, thanks to methods including organised labour, a high minimum wage, and central bank policies which don’t mechanically punish wage increases in the name of fighting inflation.
It seems to me that this fails to explain how anyone non-union is paid above minimum wage.
Also “labour” instead of “labor” lol, go back home and keep complaining about Thatcher.
Tent just got ten feet larger