The crisis of the economy is at once a crisis in ideology. After 30 years of worship at the shrine of the free market, Reaganomics and other branches of conservative and neo-conservative thought seem bankrupt and thoroughly discredited if not dead – and not only right-wing schools. Deregulation, privatization, intense financial speculation on debt, the scaling back if not elimination of government social spending, in a word, “neo-liberalism” has reached its extreme limit almost bursting state-monopoly capitalism’s seams and triggering a worldwide financial meltdown.
Thursday, February 19, 2009
The End of Neo-Liberalism
The End of Neo-Liberalism and Bush's Last Scam: How Racism Sparked the Financial Crisis: