Feline [she/her, they/them]@hexbear.nettoUS News@lemmygrad.ml•Bezos has divested $12.5 billion worth of Amazon shares, while Warren Buffett has disposed of his Apple stock investments and is now sitting on a staggering $325 billion in cash reserves.English
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2 days agoThat’s actually a good example of why he’s not a neolib. Neoliberals see trade imbalances as a neutral or even a good thing.
That’s not what neoliberalism is. Neoliberalism is the ideology that promotes free markets and globalization. Trade deficits are an inherent part of the neoliberal order. The dollar flows out of the US, while the wealth and resources of the global south flow into the US. That’s the trade defecit, and neoliberals have no problem with it. Neoliberals are the ones who did NAFTA and the other free trade agreements that more or less necessitate a trade deficit