Tag Archives: government capture

That idea, that the market ensures that only the most efficient prosper, is a central message of neoliberal ideology, and it has held UK and US governments under its sway since the time of Thatcher and Reagan. But that ideology contains a large and deep internal contradiction, which applies particularly to large firms like Carillion. To see what that contraction is, we need to talk about ordoliberalism and Ronald Coase.Ordoliberalism is widely known as the German version of neoliberalism....

Backgrounder. Using government capture to favor special interests ("capital").TruthoutOut of Control: A Brief History of Neoliberal Deregulation in the USA T.J. Coles, Clairview Books | Book Excerpt