Is neoliberalism dead yet?


	Is neoliberalism dead yet?

hayesstw

10-23-2008 12:43 PM

231 views

tags:

neoliberalism economics, economic liberalism, privatization, privatisation

hayesstw says:

The the recent nationalisation of banks in the UK and US looks like the death-knell for neoliberalism - but is it?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/30041873-ccc1-4674-8cbc-227470963cd3/FC19EA98-2386-45C9-B2D2-E15E43022118/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.counterpunch.org/cockburn09202008.html" href="http://www.counterpunch.org/cockburn09202008.html" style="font-size: 11px;">www.counterpunch.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.counterpunch.org/cockburn09202008.html"><P><FONT face="Verdana, Arial, Helvetica, sans-serif" size="-1">What exploded last week was an economic credo that has been rolling along since the early 1970s: neoliberalism.</FONT></p> <P><FONT face="Verdana, Arial, Helvetica, sans-serif" size="-1">By all rights, this last crisis has brought us to the crossroads where neoliberalism should be buried with a stake through its heart. 
We’ve had thirty years worth of deregulation – the loosening of government supervision. This has been the neoliberal  mantra preached by both major parties, the whole of the establishment press and almost every university  economics department in the country. It is central to the current disasters.  And if you want to identify symbolic figures in the legislated career of deregulation, there are  no more resplendent  culprits than the man at McCain’s elbow, Phil Gramm, and the man standing at Obama’s elbow at his press conference, Robert Rubin.</FONT></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/FC19EA98-2386-45C9-B2D2-E15E43022118/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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