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Beware Economists Bearing Policy Paradigms
Tuesday, May 25th, 2021
The ideas dominant since the 1980s – variously called the Washington Consensus, market fundamentalism, or neoliberalism – originally gained traction because of the perceived failures of Keynesianism and excessive government regulation. But they took on a life of their own and produced highly financialized, unequal, and unstable economies that were unequipped to cope with today’s most significant challenges: climate change, social inclusion, and disruptive new technologies.
Tags: economy, featured, ideology, poverty, privatization, standard of living, tax
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