Democratic Communist Federation wrote:Saiwania wrote:I'm skeptical about neo-liberalism being a complete failure. Freer markets have undeniably raised global living standards and has lifted tons of people out of poverty. In economics, self sufficiency is inefficiency. It doesn't make sense to produce a good that can be gotten for cheaper overseas. Lower prices for goods enable Americans to be able to purchase more things from other industries besides groceries or basic goods like clothing. People claim that they want to "buy American" but when given opportunities to do so- they continually choose to buy foreign goods because the allure of "spending less to get more" is too good to pass up.
Free markets have created the illusion of wealth. It is also known as consumerism or conspicuous consumption. Seizing the means of production and collectivizing them is, IMO, the only legitimate alternative to neoliberalism.
consumerism (n.) - a fancy term a communist uses when it's apparent communism can't produce the capitalist standard of living; high standard of life, population's needs met.