HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Activism » Socialist Progressives (Group) » Neoliberalism a Failure

Fri Jun 3, 2016, 10:49 PM

Neoliberalism a Failure [View all]

“(P)lanned misery,” as Naomi Klein’s Shock Doctrine vividly demonstrates, was the neoliberal agenda the IMF has pushed for decades.

After Empowering the 1% and Impoverishing Millions, IMF Admits Neoliberalism a Failure
by Benjamin Dangl ~ June 1, 2016

Last week a research wing of the International Monetary Fund came out with a report admitting that neoliberalism has been a failure. The report, entitled, “Neoliberalism: Oversold?” is hopefully a sign of the ideology’s death. They were only about 40 years late. As Naomi Klein tweeted about the report, “So all the billionaires it created are going to give back their money, right?”

Many of the report’s findings which strike to the core of the ideology echo what critics and victims of neoliberalism have been saying for decades.

“Instead of delivering growth,” the report explains that neoliberal policies of austerity and lowered regulation for capital movement have in fact “increased inequality.” This inequality “might itself undercut growth…” As a result, the report states that “policymakers should be more open to redistribution than they are.” ...

More here: http://www.counterpunch.org/2016/06/01/after-empowering-the-1-and-impoverishing-millions-imf-admits-neoliberalism-a-failure/

10 replies, 3240 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 10 replies Author Time Post
Reply Neoliberalism a Failure [View all]
TBF Jun 2016 OP
lostnfound Jun 2016 #1
TBF Jun 2016 #2
bhikkhu Jun 2016 #5
TBF Jun 2016 #9
MisterP Jun 2016 #10
appalachiablue Jun 2016 #3
Jack Rabbit Jun 2016 #4
OnyxCollie Jun 2016 #6
valerief Jun 2016 #7
Melurkyoulongtime Jun 2016 #8