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This is one macro-narrative on the current economic system: Neoliberalism as Creative Destruction [1]. > In this article, the author contends that neoliberali
by abdullahkhalids 8y ago
This is one macro-narrative on the current economic system: Neoliberalism as Creative Destruction [1].
> In this article, the author contends that neoliberalism is above all a project to restore class dominance to sectors that saw their fortunes threatened by the ascent of social democratic endeavors in the aftermath of the Second World War. Although neoliberalism has had limited effectiveness as an engine for economic growth, it has succeeded in channeling wealth from subordinate classes to dominant ones and from poorer to richer countries. This process has entailed the dismantling of institutions and narratives that promoted more egalitarian distributive measures in the preceding era.
[1] http://cult320sp15.onmason.com/files/2015/01/Harvey.NeoliberalismAsCreativeDestruction.pdf http://cult320sp15.onmason.com/files/2015/01/Harvey.Neoliber...