Posted at Hartmann Report on Apr. 12, 2022
Putin, Trump, and Le Pen are Cashing In on the Collapse of Neoliberalism
Neoliberalism has failed - The question is whether we’ll return to sane & humane economic policies & ban big money from politics or if we’ll embrace the authoritarian policies of Putin, Trump & Le Pen
A bit over 40 years ago the UK and the United States — followed within a few years by most of the rest of western Europe — embarked on a radical experiment in governance and economics.
“Neoliberalism” was the word invented by a small group of utopian economists at a 1938 meeting in France, and it was turned into a movement at a 1947 meeting in Mont Pelerin, Switzerland. At that time the world had been shaken by the rise of Communism in the Soviet Union (and China) and the disaster Fascism brought to Germany and then all of Europe.
The hope of neoliberalism’s founders was that it would prevent the rise of both communism and fascism in the developed democracies of the world: a sort of magic formula for governance that would keep the world safe and free forever.