The End of the "Golden Age" of Capitalism and the Rise of Neoliberalism

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"The central point is that the financial sphere has the potential of developing into an autonomous subsystem of the whole economy with an enormous capacity for self-expansion.. Like cancer, it has no internal control mechanism. It can only be brought under control through external interventions..

In Pinochet's Chile, deregulation, privatization, tax cuts, monetarism and social dismantling were tested in detail by the Chicago Boys before this policy mix was applied in the first industrial countries under US president Ronald Reagan and the British "iron lady" Margaret Thatcher."

to read Tomasz Konicz' article "The End of the `Golden Age' of Capitalism and the Rise of Neoliberalism" published in the German-English cyber journal Telepolis 11/24/2008, click on

http://portland.indymedia.org/en/2011/01/405441.shtml

Among the related links is Tom Tomorrow's cartoon on Goldman Sachs:

http://climateprogress.org/2010/05/04/tom-tomorrow-goldman-sachs/

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demandside
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The world we're leaving for today's teens...

Without immediate global action on climate change, today's teenagers will be forced to live with the consequences of our inaction. The World Bank has issued their third report of climate change, and it says that global temperatures could rise by as much as 4 degrees Celsius by the time today's teens hit their 80th birthday.

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