On this forum, no one, but there's not many right-wingers here. I'm tempted to say apokrisis, but not sure if it's best to identify him as right-wing. He sounds like neither. — Agustino
Left~right doesn’t really apply as I take a natural systems view of politics/economics. So what is to be encouraged is the balance of competitive and cooperative behaviours. You have to have both working together in a feedback fashion which is then in turn intelligently responsive to its environment.
Neoliberalism gone wrong is the muddle headed promotion of competitive behaviour - market freedom. If you check your history books, the 1938 Paris meeting where the term neoliberalism was coined was in fact the attempt to fix laissz faire liberalism by given the state a stronger hand in market creation.
Neoliberalism as theory has plenty of natural logic to recommend it. As much as possible, barriers to individual creative striving ought to be removed and collective norms allowed to self organise. That is just democracy.
But for collective norms to become established and then function as social constraints - market regulation - requires strong institutional memory. Somehow the right ways of behaving must be captured as social capital.
So it is pretty easy to spell out the right theory.
In practice, neoliberalism became just an excuse for Thatcher and others to flog off state institutions for cash. It was a straight transfer of public wealth into private hands. It was oligarchy, although not as crude as what was going to come with the eastern bloc later.
Good social/economic theory has just been applied corruptly all along.
The financialised economy had a rational basis. Derivatives were meant to be financial instruments for taming risk. But packaged risk could easily be mis-sold in a market where the watchdogs had been muzzled by elite interests.
Financialisation was meant to be the democratisation of capital. Anyone could be an entrepreneur as the capital to enter into speculative ventures could be freely pulled out of thin air by the banks. But all that capital got invested into the speculative bubbles the banks then created - tech stocks, housing, etc. All the democratisation of capital achieved was interest paying serfdom on asset classes. Very little real productive uplift was created. Ordinary people were turned into speculating mopes to allow a transfer of their wealth into the hands of those able now to create money.
So yes, right wing philosophy - the competition championing, de-institutionalising, philosophy - has become the modern orthodoxy. But let’s not pretend the theory itself was ever properly applied. The practice has been utterly corrupt. The new self-organising social institutions promised have not really emerged. Unless we are talking Goldman Sachs or Davros.
Neo-liberalism could still be done right with another crucial shift - if it is founded in a clear understanding of the limits to growth.
In the business world already - not in the US perhaps, but elsewhere - there are new models like social enterprise that are a rational response. Alternative economic thinking does exist. Business can consciously pursue social and environmental outcomes.
Who needs Trump, his generals, and the fascist regime in waiting? Augustino, is this the future you are supporting? Are you aching for the strongman junta that steps in to restore public order as the GFC proper kicks in?
You seem so caught up in a meaningless triviality - the non-difference of whether the Clintons or some Republican stooge of big business is nominally in charge of protecting the corruption of the elite. Look up, lift your head and see just what dark force you are backing.
Do you think Trump and his generals are going to be able to act against the now off-shore elite in the same way they will be able to do what they want with all the little men?