Tag Archives: Washington Consensus

This was faster than even I expected (for my views on what Macri meant as soon as he was elected see this and for a more recent assessment go to this post). Let me first say that I don't think is quite like the 2001/02 crisis. It is unlikely that there will be a default anytime soon. The level of reserves is at about US$ 56 billion, and the IMF is happy to finance the very Neoliberal government of Macri (because the IMF has changed a lot, remember?).The economy with Macri has not performed...

This article is adapted from the German edition of Super-Imperialism (2017).… It's a fairly long article. Here are some highlights in summary. The U.S. response has been to extend the new Cold War into the financial sector, rewriting the rules of international finance to benefit the United States and its satellites – and to deter countries from seeking to break free from America’s financial free ride. Aiming to isolate Russia and China, the Obama Administration’s confrontational diplomacy...

Neoliberalism versus market socialism with Chinese characteristics. Which wins? Since Deng introduced market socialism, China has been kicking butt in terms of growth rate, defying neoliberal predictions, while neoliberal economies have been mired since the 2008 crisis. What's up with that? Adair Turner explains. What is overlooks, however, is the history of the US, which adopted the American System over the British system as a result of Alexander Hamilton's influence and followed...

Maintaining the core-periphery dichotomy of imperialism and colonialism under neoliberalism, Neo-imperialism, and neocolonialism. The Political Economy of DevelopmentThe ‘organised hypocrisy’ of US industrial policyNick Johnson