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The Failure of Neoliberalism
The Failure of Neoliberalism Backing Up Macro Alf, & Showcasing Ravel, in 11 plots and two averages The macro commentator Alfonso Peccatiello, who writes as @MacroAlf on Twitter/X and publishes the Macro Compass newsletter, recently posted an excellent thread on private debt that cited my work: Let me show you one of the most underrated and yet crucial […]
Noam Chomsky: “We’re on the Road to a Form of Neofascism”
Noam Chomsky: “We’re on the Road to a Form of Neofascism” The ground is well prepared for neofascism to fill the void left by class war wrought by neoliberalism, says Chomsky. Trump supporters near the U.S. Capitol on January 6, 2021, in Washington, D.C.SHAY HORSE / NURPHOTO VIA GETTY IMAGES Neoliberalism has reigned supreme as […]
The world on the brink of the abyss. Looking at the real danger
The world on the brink of the abyss. Looking at the real danger The neoliberal ideology of unrestrained markets has led to a global crisis. Humanity now faces an existential threat as the result of global dominance by corporations, whose ultimate goal is at odds with human flourishing Back in 1947, as the world was […]
The Neoliberal War on Dissent in the West
The Neoliberal War on Dissent in the West Those who most flamboyantly proclaim that they are fighting fascists continue to embrace and wield the defining weapons of despotism. Police in Canada deployed to dislodge the final truckers and protesters from downtown Ottawa, aimed at bringing an end to three weeks of demonstrations over Covid-19 health […]
‘The Big Stall’ details how neoliberal think tanks blocked action on climate change
‘The Big Stall’ details how neoliberal think tanks blocked action on climate change Donald Gutstein’s well-researched new book is a deep dive into the strategies that Canadian oil companies and their friends have implemented to prevent political action and reverse catastrophe. The Bill Stall: How Big Oil and Think Tanks are Blocking Action on Climate […]
Hogwash
Hogwash In the early 1980s, to Margaret Thatcher’s annoyance, union reps and managers at the steelworks in Port Talbot agreed a strategy to save the plant. As a result, Port Talbot was spared the post-industrial blight visited upon most of Britain’s ex-industrial towns. Now in private hands, and despite periodic crises, the steelworks employs some […]
Why the Global Economy Is Unraveling
Why the Global Economy Is Unraveling Global supply chain logjams and global credit/financial crises aren’t bugs, they’re intrinsic features of Neoliberalism’s fully financialized global economy. To understand why the global economy is unraveling, we have to look past the headlines to the primary dynamic of globalization: Neoliberalism, the ideological orthodoxy which holds that introducing market […]
Has the IMF become a Fascist Organization?
Has the IMF become a Fascist Organization? The entire world of economics has been abandoned without actually admitting it has failed. Even the International Monetary Fund (IMF) is throwing in the towel without actually admitting its policies have totally failed. The IMF was the bastion of Keynesianism, supporting economic Neoliberalism. Of course, the head of […]
The Coal Curse – A Review
The Coal Curse – A Review Governments are abrogating their first responsibility, which is to safeguard the people and their future well-being. The first part of historian Judith Brett’s Quarterly Essay, The Coal Curse – Resources, Climate and Australia’s Future, is a masterly dissection of Australian economic history since WW2. Credit – Unsplash It brings […]
Democracy and the Illusion of Choice
Democracy and the Illusion of Choice Drawing by Nathaniel St. Clair The neoliberal logic of everything for the rich is now so deeply embedded in American political economy that its base assumptions appear untouchable, except in rare and extraordinary circumstances. With the Covid pandemic exacerbating the current crisis of capitalism, political and economic defense mechanisms […]
Coronavirus Spells the End of the Neoliberal Era. What’s Next?
Coronavirus Spells the End of the Neoliberal Era. What’s Next? Coronavirus is a political crucible, melting down and reshaping current norms. Will the new era be a “Fortress Earth” or a harbinger of a transformed society based on a new set of values? Think Bigger Whatever you might be thinking about the long-term impacts of the […]
Over 1 Million Chileans Take to the Streets to Demand Political Reforms, Change to Country’s Neoliberal Economic System
Over 1 Million Chileans Take to the Streets to Demand Political Reforms, Change to Country’s Neoliberal Economic System “Chile is not the same as it was yesterday.” Chilean President Sebastián Piñera on Saturday said he would reshuffle his cabinet after over 1 million Chileans poured into city streets across the country Friday to demand structural reforms to the […]
Elites “Going Rogue” Suggests The Global Neoliberal Architecture Is Collapsing
Elites “Going Rogue” Suggests The Global Neoliberal Architecture Is Collapsing Listen carefully. That is the sound of going rogue – and bond yields further through the floor. Yesterday UK PM Boris Johnson announced he is going to prorogue–or close–Parliament, meaning that when MPs come back to sit next week they will only do so briefly, […]
