Saturday, April 17, 2010

Did evil neo-liberalism cause the global financial crisis?

As Michael Stutchbury points out, Robert Manne does not have a track record of getting much right when it comes to economics.

ROBERT Manne declares the end of the neo-liberal era of pro-market economics he holds responsible for the most serious global recession since the 1930s Depression.

The global financial crisis, he argues, closes the chapter on a generation of free-market fundamentalism variously known as Thatcherism in Britain, Reaganomics in the US, economic rationalism in Australia and now more broadly as neo-liberalism.

Posted via email from Garth's posterous

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