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How Law Made Neoliberalism — Jedediah Britton-Purdy, Amy Kapczynski, David Singh Grewal

Summary:
If we are to emerge from this era of crisis, we need legal thinking that operates on fundamentally different presumptions.Longish but important. Neoliberalism as the basis of a socio-economic systems is grounded in law rather than economics and in a democracy, the law can be changed to suit conditions. The authors argue that it's high time to make changes in legal thinking to recognize and deal with power before the adverse consequences overwhelm society and unravel the social fabric even further.While the article doesn't mention it explicitly, the United States is becoming ungovernable.Boston ReviewHow Law Made NeoliberalismJedediah Britton-Purdy, Amy Kapczynski, David Singh GrewalAnd neoliberalism is not even based on good economics.Lars P. Syll’s BlogThe problem of reductionism in

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If we are to emerge from this era of crisis, we need legal thinking that operates on fundamentally different presumptions.

Longish but important. Neoliberalism as the basis of a socio-economic systems is grounded in law rather than economics and in a democracy, the law can be changed to suit conditions. 

The authors argue that it's high time to make changes in legal thinking to recognize and deal with power before the adverse consequences overwhelm society and unravel the social fabric even further.

While the article doesn't mention it explicitly, the United States is becoming ungovernable.

Boston Review
How Law Made Neoliberalism
Jedediah Britton-Purdy, Amy Kapczynski, David Singh Grewal

And neoliberalism is not even based on good economics.

Lars P. Syll’s Blog
The problem of reductionism in economics

The permanent income hypothesis

Lars P. Syll | Professor, Malmo University

Geoff Davies

Nor it just law. It's also narrative promoting false ideas and fake news. The narrative has to be changed to reflect reality, too.

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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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