People go with the information they are given. People don’t do academic research into these things before forming an opinion (myself included). Through cold war times, capitalism was advertised as a morally correct choice (and not just as one type of economic system). Even within this, the American flavour or neoliberal capitalism isn’t the only choice. There can be a more heavily regulated capitalism like in Europe with elements of strong social support. America’s economic success is taken as clear evidence that neoliberal capitalism is clearly the winning strategy and makes them the best.
These aren’t isolated economic theory concepts anymore. These are ideas linked to people’s identity, politics, social groups, morality and sense of justice/right and wrong. This is compounded by a false sense that we live in a meritocracy and just world. As if the world will give money and success to those who are right and good, so we shouldn’t stand in the way of that.
People go with the information they are given. People don’t do academic research into these things before forming an opinion (myself included). Through cold war times, capitalism was advertised as a morally correct choice (and not just as one type of economic system). Even within this, the American flavour or neoliberal capitalism isn’t the only choice. There can be a more heavily regulated capitalism like in Europe with elements of strong social support. America’s economic success is taken as clear evidence that neoliberal capitalism is clearly the winning strategy and makes them the best.
These aren’t isolated economic theory concepts anymore. These are ideas linked to people’s identity, politics, social groups, morality and sense of justice/right and wrong. This is compounded by a false sense that we live in a meritocracy and just world. As if the world will give money and success to those who are right and good, so we shouldn’t stand in the way of that.