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"The root problem is that neoliberalism has effectively eliminated the left wing of the political spectrum, meaning that the only apparent challenge to the system as it stands comes from the right. In other words, the political problem under neoliberalism is political, not narrowly economic."

(Original title: Why this keeps happening: On neoliberalism and the right-wing reaction)

https://itself.blog/2024/07/08/why-we-keep-ratcheting-right-or-its-the-neoliberalism-stupid/