No matter who gets elected government just gets bigger, and it’s a global phenomenon. From Ryan McMaken at mises.org:
Federal spending and federal taxation in the United States set new records in 2019. And the federal budget deficit swelled to more than a trillion dollars. Europe is in the middle of an enormous spending binge. But apparently hard-core laissez-faire libertarian purists have taken over the world’s governments.
At least, that’s the case in the minds of many leftists and conservatives who have convinced themselves that “market fundamentalists” have conquered the world’s institutions, and have enacted a global regime of near-zero taxation, free trade, and almost totally unregulated markets.
We hear this over an over again when everyone from The Pope to Bernie Sanders claims “neoliberalism” — a term used to “denote… a radical, far-reaching application of free-market economics unprecedented in speed, scope, or ambition” — has forged the world into a paradise for radical libertarians.
