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Rule 9: Submission Quality Low-quality or irrelevant submissions will be removed at mod discretion. This applies in particular to low-quality or repetitive memes.

Parts of this comment are recycled an older comment. But:

1. What would be exact definition of your neoliberalism?

The definition for “neoliberalism” is not well defined. I would say Why Nations Fail especially or anything by Francis Fukuyama are good places to start if you’re interested in reading. Abundance also aligns well with our political philosophy.

2. Where would this ideology roughly fall on the political spectrum (I’m aware the political compass is bullshit, but just for orientation)?

Center-Left for the US. Probably economically conservative for parts of the EU but very socially left on certain topics (ie immigration, LGBTQ rights)

3. How does your definition differ from the standard usage of the term outside this subreddit?

I would say I am more nuanced when it comes to deregulation; it is neither an inherently good or bad thing. Some areas are over-regulated (ie housing) or improperly regulated (US fuel emissions regulations for cars encourage giant pickup trucks). Others need more regulation.

4. What specific policies do you support (tax levels, welfare state size, regulation, trade policy, monetary policy, etc.)?

I’ll just come out and say that taxes across the board need to be increased. Income tax is very inefficient (borderline useless) to tax the uber wealthy, and the only was to tax them is by taxing their assets (ie property taxes). A Land-Value tax would help solve a lot of problems.

5. Are you closer to classical liberalism, social liberalism, ordoliberalism, third way, or something else?

I would say I am a mix of classical liberalism and social liberalism.

As for this community overall, it is an unofficial spinoff of the r/neoliberal community on reddit, which itself was a spinoff of r/badeconomics. In the 2016 election cycle, everyone got mad at us for saying Bernie Sanders’ economic policies were not gonna work, and that we favored Hillary Clinton’s instead. This resulted in basically all of reddit calling us “neoliberal shills,” which led to us taking over the (then) empty, decrepit, and abandoned r/Neoliberal.

I would say very few in that sub or this community actually run around and call themselves a neoliberal in real life. Truthfully, neoliberalism is not very well-defined, and its meaning varies so much depending on who you are talking to that it’s simply not a great label to use in real life. Indeed, some circles basically use it as a political slur lol.

That being said, it is true that many of us do like neoliberalism’s core tenets (at least for the definition that includes a large amount of freedom for markets, globalism, multilateralism, and low government interference in the economy). Given that lemmy is decidedly to the left of reddit, this community is even more niche here.

Who would have thought the that doing things that are blatantly unconstitutional might come with some big financial blowback?

I’m being a little facetious, but it is an important point. Are the companies that paid these tariffs now entitled to their money back?

I think the question now is will the tariffs still be enforced and how?

IIRC, they were enforced at the ports/other modes of entry.

Justices Thomas, Alito, and Kavanaugh all dissented.

This has massive implications for the US economy, especially once you consider that these tariffs have wrecked supply chains, inflated prices of both foreign and domestic goods, and trade agreements.

It’s sad it was ever that high to begin with, and sadder still that 38% still approve of his handling of the issue.

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It’s also really quite sad that in just 18 months Labour completely blew it. I remember there being so much optimism when they won a clear majority, and then it all just fell apart.

It’s really a testament to what happens when leadership is indecisive.

Long-story-short, Canada is leveraging a $40bn submarine contract to help diversify its economy away from the US.

Hanwah (South Korea) and TKSM (Germany & Norway) are finalists competing to buy 12 Arctic-capable diesel submarines.

Carney is also using the bidding war to extract civilian-sector investments (steel, cars, energy, mining, and technology) as part of a strategy to reduce reliance on the United States.

This shift is driven by:

• Trump’s tariffs
• Trump’s threats to renegotiate the USMCA
• Recent job losses in Canadian manufacturing

Some are describing Carney’s approach as an “art of the deal” moment.

Archive link for those who need it.

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The shutdown also shifted back the release of the January jobs report. Those numbers, previously scheduled for Friday, will now be out on Wednesday, Feb. 11.

Brace yourselves for next Wednesday!

As it is, January is normally a bad time for job numbers. With everything else going on, I’m not optimistic.

MSN Link to the same article.

For those without a NY Times Subscription (which is probably quite a few) this article from CNBC covers the same topic.

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I have a feeling they might try to pull off some sort of half-measure—say he doesn’t have the power to do this, but then leave the tariffs he enacted in place.

They seemed pretty skeptical in November, but then tariffs seem to be one of the only beliefs Trump has consistently held onto over the decades.

For anyone wondering why the stock market is such a mess this morning, this would be why.