this post was submitted on 29 Jun 2025
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Late Stage Capitalism

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[–] LadyMeow@lemmy.blahaj.zone 14 points 2 days ago (19 children)

Wait do people actually claim that?

Like I guess it does, for the rich assholes. But it sure seems to make a lot more for the other people

[–] Transform2942@lemmy.ml 21 points 2 days ago (14 children)

Libertarians and neoliberals unironically believe that "a rising tide lifts all boats"

[–] Soup@lemmy.world 39 points 2 days ago (2 children)

A rising tide does lift all boats. Giving all your money to a couple uber rich people is not a rising tide, though.

[–] Transform2942@lemmy.ml 1 points 1 day ago (1 children)

I agree that a literal rising tide does lift all the boats at port but that trite little saying is used to justify trickle-down economics and neoliberalism at every turn

[–] Soup@lemmy.world 1 points 1 day ago (1 children)

Literally it isn’t and you, and maybe the handful of liars using it for that purpose, just flat-out do not understand the saying.

A rising tide lifting all boats is specifically about how helping the bottom helps everyone. It is so astronomically far from the concept of trickle-down economics.

[–] Transform2942@lemmy.ml 2 points 22 hours ago (1 children)

This is kinda a weird argument we're having but I've literally heard this argument "from the pulpit" in multiple college econ classes, perhaps your experience is different.

I think if we were assessing whether this analogy is fit for purpose then you would have to say that it only makes sense if all the 'boats' are always at the same level which is the case for real boats on a real tide

[–] Soup@lemmy.world 1 points 22 hours ago (1 children)

The boats, no matter the size, will all be raised by a rising tide.

[–] Transform2942@lemmy.ml 2 points 22 hours ago

That is a true statement about boats (that are still floating)

[–] moriquende@lemmy.world 1 points 1 day ago

More like a geyser that lifts just a couple of boats

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