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Is Capitalism Racist?

Intelligence Squared

Consequences of Neoliberalism and Individual Pain

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Neoliberalism encourages individualism, fosters a competitive mindset, and promotes the belief that personal gain and happiness come from outdoing others. The social media economy reflects this competitive nature as individuals vie for attention. Neoliberalism causes pain and suffering, but instead of connecting with others' pain, it leads individuals to focus solely on their own unique suffering. However, James Baldwin argues that individual pain is insignificant unless it facilitates connection with the pain of others, which is challenging for people to do.

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