{"id":750,"date":"2007-12-28T01:27:52","date_gmt":"2007-12-28T05:27:52","guid":{"rendered":"http:\/\/nomes.malcolm-x.org\/?p=750"},"modified":"2007-12-31T01:57:39","modified_gmt":"2007-12-31T05:57:39","slug":"the-poverty-of-neoliberalism","status":"publish","type":"post","link":"http:\/\/nomes.malcolm-x.org\/?p=750","title":{"rendered":"The poverty of neoliberalism"},"content":{"rendered":"

Canada’s Minister of Finance Jim Flaherty says there are to be no cuts in income taxes<\/a>. However, there will be — and need to be — cuts in corporate taxes. The reason for this is that the heavy hand of government needs to stay out of the economy.<\/p>\n

The putrid hypocrisy of neoliberalism should be evident here: it doesn’t even conform to neoclassical economic theory. Here, at the least, individuals (or households) are seen as — for all intents and purposes — equivalents to firms (or corporations). Thus, to make the economy truly competitive — and we know that the particularly ardent free market ideologues (e.g., Austrian\/Chicago school) argue this — one must eliminate all taxes. I would say, if your excuse is economic competitiveness, you should at least look to cutting taxes proportionately. That’s probably not going to happen.<\/p>\n

The populism previously present in the Conservative platform (personal tax cuts, a little bit) is dissipating, leaving us with little more than baldfaced brown-nosing of corporations — that is, “enabling” conditions for business competitiveness. Whatever that means.<\/p>\n

Update:<\/strong> In the October mini-budget the Conservatives did schedule tax cuts in personal income — and they said this is good for the economy. It doesn’t save most people a lot of money: money that, in the aggregate, would probably be well-spent on something like, I don’t know, national childcare. The post above refers to their plans for the future.<\/p>\n

<\/span><\/span><\/span><\/span><\/p>","protected":false},"excerpt":{"rendered":"

Canada’s Minister of Finance Jim Flaherty says there are to be no cuts in income taxes. However, there will be — and need to be — cuts in corporate taxes. The reason for this is that the heavy hand of government needs to stay out of the economy. The putrid hypocrisy of neoliberalism should be […]<\/p>\n

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