Here’s a contrast between a neoliberal and a Marxist analysis of our current situation.
Neoliberal: “Inflation is caused by Joe Biden who’s an incompetent, bad person.”
Neoliberalism tells us that everything happens on the level of individuals. If something goes wrong, it’s the fault of some individual who mismanaged things.
Now, a Marxist analysis would be: “Inflation is caused by the massive transfer of capital to the oligarchy.”
Biden is still bad and incompetent. But the problem is a lot bigger than his personal qualities. As we all remember, it was Trump who started the stimulus payments, put Fauci in charge of COVID policy, and did absolutely nothing to stop the “free testing/ free vaccines” scam. Both Biden and Trump benefited their social class at the expense of mine and yours.