Like the Terminator, they'll be back! after all, the US S&L crisis didn't end Reaganism. Nor did the 2000-2001 "dot com" melt-down...
On Sat, Sep 20, 2008 at 3:29 AM, Trevor Evans <[EMAIL PROTECTED]> wrote: > 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 > -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
