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/

demandside's picture
demandside
Joined:
Jul. 31, 2007 4:01 pm

Are We Going To Have A Shutdown?

The more things change - the more they stay the same.

Just under 100 days into the Trump era, our government is once again lurching towards shutdown, and it's all because Donald Trump wants American taxpayers - not Mexico - to pay for his precious border wall.

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