Posted at Hartmann Report on Oct. 26, 2025
The Hidden History of Neoliberalism: How Reaganism Gutted America and How to Restore Its Greatness
The American among the Three Musketeers of neoliberalism was Milton Friedman, who taught for years at the Chicago School of Economics and has become a figure of cult worship on the economic and political right in America.
He was a speechwriter for Barry Goldwater’s 1960 campaign for president, and a formal advisor to, among others, Richard Nixon, Ronald Reagan, Margaret Thatcher and Donald Rumsfeld (who he pushed Reagan to take on as his VP instead of GHW Bush in 1980).
Friedman was the functional theologian among the three; he absolutely believed that there was a near-mystical power to unregulated markets and that virtually any sort of governmental intervention in or regulation of the marketplace produced economic distortions that prevented capitalism from working its magic.
