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Six Graphs Showing Just How Much Government Has Grown
Posted on: November 2, 2019 at 08:35:51 CT
ummmm MU
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Click the link at the bottom to see the graphs. Here's the intro paragraph:
By Ryan McMaken:
Federal spending and federal taxation in the United States set new records in 2019. And the federal budget deficit swelled to more than a trillion dollars. Europe is in the middle of an enormous spending binge. But apparently hard-core laissez-faire libertarian purists have taken over the world's governments.
At least, that's the case in the minds of many leftists and conservatives who have convinced themselves that "market fundamentalists" have conquered the world's institutions, and have enacted a global regime of near-zero taxation, free trade, and almost totally unregulated markets.
We hear this over an over again when everyone from The Pope to Bernie Sanders claims "neoliberalism" — a term used to "denote... a radical, far-reaching application of free-market economics unprecedented in speed, scope, or ambition" — has forged the world into a paradise for radical libertarians.
As one writer at The Guardian assures us, the UK must end the nation's "generation-long experiment in market fundamentalism." Meanwhile, Tucker Carlson insists that American policymakers "worship" markets and have a near-religious devotion to capitalism.
The neoliberal takeover is so complete, in fact, that we're told neoliberals are the ones really running the Labour Party. Meanwhile, sociologist Lawrence Busch informs us of a "neoliberal takeover" of higher education. "Free-market fundamentalists," Busch contends, have transformed America's colleges and universities into swamps of capitalist obeisance.
https://mises.org/wire/six-graphs-showing-just-how-much-government-has-grown
By Ryan McMaken:
Federal spending and federal taxation in the United States set new records in 2019. And the federal budget deficit swelled to more than a trillion dollars. Europe is in the middle of an enormous spending binge. But apparently hard-core laissez-faire libertarian purists have taken over the world's governments.
At least, that's the case in the minds of many leftists and conservatives who have convinced themselves that "market fundamentalists" have conquered the world's institutions, and have enacted a global regime of near-zero taxation, free trade, and almost totally unregulated markets.
We hear this over an over again when everyone from The Pope to Bernie Sanders claims "neoliberalism" — a term used to "denote... a radical, far-reaching application of free-market economics unprecedented in speed, scope, or ambition" — has forged the world into a paradise for radical libertarians.
As one writer at The Guardian assures us, the UK must end the nation's "generation-long experiment in market fundamentalism." Meanwhile, Tucker Carlson insists that American policymakers "worship" markets and have a near-religious devotion to capitalism.
The neoliberal takeover is so complete, in fact, that we're told neoliberals are the ones really running the Labour Party. Meanwhile, sociologist Lawrence Busch informs us of a "neoliberal takeover" of higher education. "Free-market fundamentalists," Busch contends, have transformed America's colleges and universities into swamps of capitalist obeisance.
https://mises.org/wire/six-graphs-showing-just-how-much-government-has-grown
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Six Graphs Showing Just How Much Government Has Grown - ummmm MU - 11/2 08:35:51