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Yanis Varoufakis – Is Neoliberalism destroying the world?

Summary:
Deregulation. Infinite growth. Self-correcting markets. All are hallmarks of neoliberal thinking. But they’re more than just assumptions about the economy. They undergird much of the most influential thinking about governance right now, and dominate political and economic thinking everywhere. The results, according to some, have been disastrous. Investigative journalist Bruce Livesey asks four experts about the rise and rule of neoliberal thought, and what it may mean for societies around the world. The term “neoliberalism” is likely more used than understood. But if at its heart it’s the ideology that markets know better than humans, then its ascension into virtually every sector of society is nearly complete. At least that’s the view of economic historian, Philip Mirowski at the

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Yanis Varoufakis - Is Neoliberalism destroying the world?

Deregulation. Infinite growth. Self-correcting markets. All are hallmarks of neoliberal thinking. But they’re more than just assumptions about the economy. They undergird much of the most influential thinking about governance right now, and dominate political and economic thinking everywhere. The results, according to some, have been disastrous. Investigative journalist Bruce Livesey asks four experts about the rise and rule of neoliberal thought, and what it may mean for societies around the world.


The term “neoliberalism” is likely more used than understood. But if at its heart it’s the ideology that markets know better than humans, then its ascension into virtually every sector of society is nearly complete. At least that’s the view of economic historian, Philip Mirowski at the University of Notre Dame. For him, the presidency of Donald Trump represents textbook neoliberalism: privatizing education and health care, gutting the Environmental Protection Agency (EPA) as well as health and safety, and food safety laws.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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