by Summary:
This is an excellent article describing how neoliberalism has failed, and how most people have become poorer because of it. Not only did the neoliberals encourage the mass movement of goods, services, and finance around the world, but also the mass movement of people, to lower business costs - and all done under the guise of being 'nice' liberals. Whole communities were distrupted and house prices shot up even further out of reach for ordinary people. The left got the blame, so now right-wing populism is on the rise. Everything is crumbling. Thomas Fricke says the science is good now so they can identify which government projects will produce excellent returns. The market is simply not interested in investing in these long term goals. For more than a quarter of a century there
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This is an excellent article describing how neoliberalism has failed, and how most people have become poorer because of it.This is an excellent article describing how neoliberalism has failed, and how most people have become poorer because of it. Not only did the neoliberals encourage the mass movement of goods, services, and finance around the world, but also the mass movement of people, to lower business costs - and all done under the guise of being 'nice' liberals. Whole communities were distrupted and house prices shot up even further out of reach for ordinary people. The left got the blame, so now right-wing populism is on the rise. Everything is crumbling. Thomas Fricke says the science is good now so they can identify which government projects will produce excellent returns. The market is simply not interested in investing in these long term goals. For more than a quarter of a century there
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Not only did the neoliberals encourage the mass movement of goods, services, and finance around the world, but also the mass movement of people, to lower business costs - and all done under the guise of being 'nice' liberals. Whole communities were distrupted and house prices shot up even further out of reach for ordinary people. The left got the blame, so now right-wing populism is on the rise. Everything is crumbling.
Thomas Fricke says the science is good now so they can identify which government projects will produce excellent returns. The market is simply not interested in investing in these long term goals.
For more than a quarter of a century there was no doubt about what is right: The market trumps the state [no pun intended]. What to do with State-owned enterprises? Privatize them. Your pension? Self-provision through the free market. Unemployment benefits? Curtailments. Opening borders for Eastern Europeans? Certainly. And the next free trade round? Of course. And so forth. In the end, even Social Democrats contributed to lowering top tax rates and making hedge funds happy.
In these times a lot of prosperity was generated throughout the world. The Asians were able to sell off their cheap goods everywhere. And the West benefited from cheap clothing from Vietnam and toys from China. Germany enjoyed an export miracle because everyone needed machines made in Germany.
And yet something seems to have gone awry. There is this unease. There is this resentment. There are these downsides.
Economics