Who Benefits From Market Fundamentalism?
September 5, 2019 8:28 AM Subscribe
“The grand neoliberal experiment of the past 40 years has demonstrated that markets in fact do not regulate themselves. Managed markets turn out to be more equitable and more efficient. Yet the theory and practical influence of neoliberalism marches splendidly on, because it is so useful to society’s most powerful people—as a scholarly veneer to what would otherwise be a raw power grab.” Neoliberalism: Political Success, Economic Failure (Prospect) “To anyone who lived through the Clinton years — or merely remembers the Obama era — the discrediting of neoliberal ideas that were once sacrosanct among Democrats is nothing short of astonishing.” The Sunset Of Neoliberalism (Jacobin)
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