NEOLIBERALISM, NOT ECONOMICS,
IS ABOUT PROFITING FROM SCARCITY
many of y’all speak of economics as if were a subset of finance and a necessity based on precarity. this is not and was not how Economics was defined well into the 1970s. the break came with Reaganism, austerity politics but even worse, the enshrining in the Federal Reserve of Randian cultist, Alan Greenspan.
it is because of Alan Greenspan and his subversion of capitalism that many of y’all equate economics with scarcity… 🧵