this post was submitted on 29 Jun 2025
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Late Stage Capitalism

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[–] LadyMeow@lemmy.blahaj.zone 14 points 3 days ago (19 children)

Wait do people actually claim that?

Like I guess it does, for the rich assholes. But it sure seems to make a lot more for the other people

[–] Transform2942@lemmy.ml 21 points 3 days ago (14 children)

Libertarians and neoliberals unironically believe that "a rising tide lifts all boats"

[–] Viking_Hippie@lemmy.dbzer0.com 12 points 2 days ago (4 children)

Libertarians don't, and it's one of the few things Neoliberals are actually right about.

"A rising tide lifts all boats" refers to the fact that giving money to the people on the bottom of the financial pyramid who needs it the most will benefit everybody. Unlike just shoveling it at the already rich, which is what capitalism is designed for.

Infuriatingly, almost none of the Dem leadership actually follow through on this mantra with actual policy, beholden to the rich capitalists as they are.

[–] BestBouclettes@jlai.lu 3 points 2 days ago (1 children)

Neo liberals believe in trickle down economics though.

Yeah, that's why I pointed out that they SAY "a rising tide" but very rarely actually act on it when it comes to legislation.

"Centrist" (read: right wing to far right by the standards of democracies in general) politicians are nothing if not hypocrites and lying demagogues 🤷

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