Economic liberalism is an ideology that is an integral part of conservative social thought about minimal government intervention in the economy of a nation and about complete freedom for individuals in the economy. In history, countries had the highest rates of GDP growth and living standards in those times when the state intervened in the economy, supported domestic producers, subsidized them and provided them with preferential loans. Examples, Russia (period 1929-1955), China, South Korea. Data for countries around the world whose economies grew at double-digit (almost double-digit) rates for more than 20 years in the 20th century are given below: 1. 13.8% - Russia - average annual growth for 22 years (1929-1955). 2. 11.5% - Taiwan - average annual growth for 27 years (1947-1973). 3. 10.4% - China - average annual growth for 25 years (1983-2007). 4. 10.2% - South Korea - average annual growth for 23 years (1966-1988). 5. 9.7% - Japan - average annual growth for 23 years (1948-1970). 6. 9.2% - Singapore - average annual growth for 24 years (1966-1989). Thus, in the twentieth century, the world's largest national economic growth for more than 20 years was achieved in Russia in 1929-1955 (minus four war years). During this period, real wages grew 4 times, citizens’ deposits in savings banks grew 5 times, and the economy grew 14 times. And: - First place in the world in terms of the share of mechanical engineering in the total volume of industrial production. - Complete technical and economic independence of the state has been ensured. - First place in the world in terms of agricultural mechanization. - First place in Europe and second in the world in terms of absolute industry size. - First place in Europe and second in the world in terms of labor productivity in industry. - The latest industries and advanced technologies: nuclear, space, rocketry, aircraft manufacturing, instrument making, radio engineering, electronics, electrical engineering and others. And sanctions did not prevent such economic growth in Russia! The amazing vitality of the neoclassical paradigm and its popularity in big business circles, generously sponsoring the imposition of the resulting way of thinking on the public consciousness is explained by economic and political interests. Neoclassical economic theory plays the role of the scientific basis of the ideology of market fundamentalism and liberal economic policy, in the implementation of which large capital is interested, seeking to minimize state regulation of its activities. This ideology substantiates his claims to dominance in society, since it reduces social relations to the power of money. It also justifies modern forms of neocolonialism, which allow issuers of world currencies (primarily the American dollar) to exploit all the unequal exchange of unsecured banknotes for real wealth. Therefore, it is vigorously imposed by Washington through both direct political pressure and indirect methods, through international institutions (IMF, World Bank, WTO, etc.) and funding from the expert community, to national ruling elites in order to exploit the countries they rule.
@@luckyea7 You're just spewing stuff out. Clearly you're trying to actually say something, maybe akin to something like: Liberalism is bad. Or, maybe, that socialism is better or something. You can't just hide behind "WHATS IN MY COMMENT"
@@MEGAsporg12 My comment states the facts directly. As practice has shown, the highest economic growth rates were observed in those times when the state intervened in the economy.
Don't forget the dodgy statistics. You can't measure just economic growth without taking into account their starting points. Most the countries you cite began in far lower positions than already fully industrialised states.
If you have any questions, let us know in the comments below!
Economic liberalism is an ideology that is an integral part of conservative social thought about minimal government intervention in the economy of a nation and about complete freedom for individuals in the economy.
In history, countries had the highest rates of GDP growth and living standards in those times when the state intervened in the economy, supported domestic producers, subsidized them and provided them with preferential loans. Examples, Russia (period 1929-1955), China, South Korea.
Data for countries around the world whose economies grew at double-digit (almost double-digit) rates for more than 20 years in the 20th century are given below:
1. 13.8% - Russia - average annual growth for 22 years (1929-1955).
2. 11.5% - Taiwan - average annual growth for 27 years (1947-1973).
3. 10.4% - China - average annual growth for 25 years (1983-2007).
4. 10.2% - South Korea - average annual growth for 23 years (1966-1988).
5. 9.7% - Japan - average annual growth for 23 years (1948-1970).
6. 9.2% - Singapore - average annual growth for 24 years (1966-1989).
Thus, in the twentieth century, the world's largest national economic growth for more than 20 years was achieved in Russia in 1929-1955 (minus four war years). During this period, real wages grew 4 times, citizens’ deposits in savings banks grew 5 times, and the economy grew 14 times.
And:
- First place in the world in terms of the share of mechanical engineering in the total volume of industrial production.
- Complete technical and economic independence of the state has been ensured.
- First place in the world in terms of agricultural mechanization.
- First place in Europe and second in the world in terms of absolute industry size.
- First place in Europe and second in the world in terms of labor productivity in industry.
- The latest industries and advanced technologies: nuclear, space, rocketry, aircraft manufacturing, instrument making, radio engineering, electronics, electrical engineering and others.
And sanctions did not prevent such economic growth in Russia!
The amazing vitality of the neoclassical paradigm and its popularity in big business circles, generously
sponsoring the imposition of the resulting way of thinking on the public consciousness is explained by economic and political interests. Neoclassical economic theory plays the role of the scientific basis of the ideology of market fundamentalism and liberal economic policy, in the implementation of which large capital is interested, seeking to minimize state regulation of its activities. This ideology substantiates his claims to dominance in society, since it reduces social relations to the power of money. It also justifies modern forms of neocolonialism, which allow issuers of world currencies (primarily the American dollar) to exploit all the unequal exchange of unsecured banknotes for real wealth. Therefore, it is vigorously imposed by Washington through both direct political pressure and indirect methods, through international institutions (IMF, World Bank, WTO, etc.) and funding from the expert community, to national ruling elites in order to exploit the countries they rule.
What are you trying to say?
@@MEGAsporg12 what is written in my comment
@@luckyea7 You're just spewing stuff out. Clearly you're trying to actually say something, maybe akin to something like: Liberalism is bad. Or, maybe, that socialism is better or something. You can't just hide behind "WHATS IN MY COMMENT"
@@MEGAsporg12 My comment states the facts directly. As practice has shown, the highest economic growth rates were observed in those times when the state intervened in the economy.
Don't forget the dodgy statistics. You can't measure just economic growth without taking into account their starting points. Most the countries you cite began in far lower positions than already fully industrialised states.