Socialist Progressives

TBF

(34,970 posts) Fri Jun 3, 2016, 09:49 PM Jun 2016

Neoliberalism a Failure

“(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

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Highlight:

Neoliberalism a Failure (Original Post) TBF Jun 2016 OP

Sanders Democrats are saying "Truth!" Others are saying "what's neoliberalism?"... lostnfound Jun 2016 #1

... TBF Jun 2016 #2

Of the Austrian School or the Chicago school? bhikkhu Jun 2016 #5

I don't think you need page of resources to understand TBF Jun 2016 #9

other Dems say "Sanders backs IMF policies!" MisterP Jun 2016 #10

K & R. Finally... appalachiablue Jun 2016 #3

K/R Jack Rabbit Jun 2016 #4

Yup. nt OnyxCollie Jun 2016 #6

Yes, but rich people got richer, which is the most important thing in the world. nt valerief Jun 2016 #7

So Melurkyoulongtime Jun 2016 #8

lostnfound

(16,795 posts)

1. Sanders Democrats are saying "Truth!" Others are saying "what's neoliberalism?"...

Reply to TBF (Original post)

Fri Jun 3, 2016, 09:59 PM

Jun 2016

Which defines a problem.

TBF

(34,970 posts)

2. ...

Reply to lostnfound (Reply #1)

Fri Jun 3, 2016, 10:01 PM

Jun 2016

bhikkhu

(10,761 posts)

5. Of the Austrian School or the Chicago school?

Reply to lostnfound (Reply #1)

Sat Jun 4, 2016, 12:21 AM

Jun 2016

Mount Pelerin style, or Classical style, or originalist Lippman? Pre or Post 70's ideological shift?

I wouldn't blame anyone for not understanding it or recognizing it.

The Washington Consensus is one of the more succinct things to read, if you want a basic current idea avoiding a lot of confusing history: https://en.wikipedia.org/wiki/Washington_Consensus

TBF

(34,970 posts)

9. I don't think you need page of resources to understand

Reply to bhikkhu (Reply #5)

Sat Jun 4, 2016, 07:48 AM

Jun 2016

that maintaining the yachts while raising all the little boats is really not going to work. So, we have neoliberals saying "we are going to have to have smaller boats for everyone - worldwide - so everyone is equal". They completely ignore the yachts off to the side because, well, those yachts belong to themselves and their friends.

Bernie is the only one saying "what about those goddamned yachts over there?? Why are they taking all of our money?"

Still I did look through the wiki and for someone with time it's a good basic primer to start with.