Neoliberalism is dying.... [View all]

[Bigmack]

I was reading this thread on DU.. titled
"Neoliberalism Will Soon Force Americans to Leave the United States"
http://www.democraticunderground.com/10027929368

Later, I was reading this piece in the Guardian. Maybe we don't have to leave..maybe neoliberalism is on its way out.

"....it is the very technocrats in charge of the system who are slowly, reluctantly admitting that it is bust.

You hear it when the Bank of England’s Mark Carney sounds the alarm about “a low-growth, low-inflation, low-interest-rate equilibrium”. Or when the Bank of International Settlements, the central bank’s central bank, warns that “the global economy seems unable to return to sustainable and balanced growth”. And you saw it most clearly last Thursday from the IMF.
What makes the fund’s intervention so remarkable is not what is being said – but who is saying it and just how bluntly. In the IMF’s flagship publication, three of its top economists have written an essay titled “Neoliberalism: Oversold?”.
The very headline delivers a jolt. For so long mainstream economists and policymakers have denied the very existence of such a thing as neoliberalism, dismissing it as an insult invented by gap-toothed malcontents who understand neither economics nor capitalism. Now here comes the IMF, describing how a “neoliberal agenda” has spread across the globe in the past 30 years. What they mean is that more and more states have remade their social and political institutions into pale copies of the market."

http://www.theguardian.com/commentisfree/2016/may/31/witnessing-death-neoliberalism-imf-economists