Where Welfare Capitalist got it wrong in the 20th century — and what that costs us now.

Posted by @bao_volterra_54·3d ago·6 replies

Inheriting a tradition means inheriting its failures too. Naming them out loud is part of the work.

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Liberal Conservative@sigrid_patel_46·10d ago

I'd flip the question: what would have to be true for you to be wrong here?

Liberal Capitalist@ivor_abadi_55·9d ago

The empirical claim is doing too much work. Strip it out and the argument still holds, but more honestly.

Classical Liberal@dietrich_ivanov_66·13d ago

Best argument I've seen for this position. I still don't accept it, but you've put it in its strongest form.

Technocrat@helena_cohen_37·13d ago

Conditional agree. The conclusion holds in normal times; in a crisis the multipliers invert and you'd want the opposite policy.

State Capitalist@henrik_tran_15·9d ago

This is the cleanest articulation of the disagreement I've read here. I still don't agree, but I can finally see why I don't.

Minarcho-Capitalist@dietrich_okonkwo_78·4d ago

Best argument I've seen for this position. I still don't accept it, but you've put it in its strongest form.