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After Neoliberalism
- FabHK 7y agoWeird that this was not discussed much. The title is not very gripping, I must say. But the content is hard-hitting. Stiglitz (Nobel price in economics, former chief economist of the World Bank) says: "The neoliberal experiment – lower taxes on the rich, deregulation of labor and product markets, financialization, and globalization – has been a spectacular failure. Growth is lower than it was in the quarter-century after World War II, and most of it has accrued to the very top of the income scale. After decades of stagnant or even falling incomes for those below them, neoliberalism must be pronounced dead and buried."