What do you mean? The American public has been primed to be obsessed for decades with government spending and govt debt. Slashing the state, austerity policy, etc are very realistic policy possibilities in the US
What I mean is, I thought Shock therapy is supposed to force the American (“liberalized”) system on a socialist state., America already has this “liberalized” economic structure (a barely functioning social safety net, barely any SOE etc.), so they’re really proposing is gutting the entire state to its bones and looting what is left for the capitalist class.
I guess that’s a kind of shock therapy, a final stage of neoliberalism?
You could end social security, that’s billions of dollars removed from the economy. Even excluding military and police spending there is still much spending that could be cut which would cause a huge shock.
What I mean is, I thought Shock therapy is supposed to force the American (“liberalized”) system on a socialist state., America already has this “liberalized” economic structure (a barely functioning social safety net, barely any SOE etc.), so they’re really proposing is gutting the entire state to its bones and looting what is left for the capitalist class.
I guess that’s a kind of shock therapy, a final stage of neoliberalism?
You could end social security, that’s billions of dollars removed from the economy. Even excluding military and police spending there is still much spending that could be cut which would cause a huge shock.