The view that the neoliberal era has ended is shared by a number of commentators:
'Remember Friday March 14 2008: it was the day the dream of global free-market capitalism died. For three decades we have moved towards market-driven financial systems. By its decision to rescue Bear Stearns, the Federal Reserve, the institution responsible for monetary policy in the US, chief protagonist of free-market capitalism, declared this era over . Deregulation has reached its limits.' Martin Wolf, Financial Times, 26 March 2008 And in today's FT, Chrystia Freeland, writes: 'On September 15 2008 the Reagan era officially came to an end. The sunny confidence in the superiority of the American way has been undermined now not only Guantanomo and Abu Ghraib but also by the fact that this financial crisis has its epicdentre on Wall Street, not Moscaow, Mexico or Mumbai. ... The focus no will be on making governmetn better and probably bigger.' Trevor Evans Berlin. -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Chris Burford Sent: 20 September 2008 11:34 To: Progressive Economics Subject: [Pen-l] end of an era Last night, on BBC2's Newsnight programme, Paul Krugman, if I heard him right, said that the era of Reagan and Thatcher had just ended. It was a televisison soundbite, in a quick moving conversation. But presumably he believes this in a serious way. Chris Burford London _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
