by This is a really good article on how neoliberalism brought about the complete opposite of what they said it would. They said that there maybe a bit more inequality, but overall, most people would become better off as companies would be become more innovative and therefore more profitable. The second was also a sense that if the government took shackles off of business, they would innovate and grow our way out of social problems. Relaxation of antitrust enforcement would lead to more competition and innovation, as was told. Unions would no longer get in the way of businesses. An unleashed financial sector would fund and lead the entire enterprise. The idea of market power, or concentration, was seen as laughable concepts stacked against the disciplining power of markets themselves. We
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The second was also a sense that if the government took shackles off of business, they would innovate and grow our way out of social problems. Relaxation of antitrust enforcement would lead to more competition and innovation, as was told. Unions would no longer get in the way of businesses. An unleashed financial sector would fund and lead the entire enterprise. The idea of market power, or concentration, was seen as laughable concepts stacked against the disciplining power of markets themselves.
Mike Konczal is a Fellow with the Roosevelt Institute, where he works on financial reform, unemployment, inequality, and a progressive vision of the economy.
Roosevelt Institute
Mike Konczal - The Failures of Neoliberalism Are Bigger Than Politics