…this collapse of the Chicago School of Milton Friedman further implies that Zambia, our country must break free from these failed neoliberal policies and the institutions that promoted them…

May 14, 2012 § Leave a comment

Dr Chitala pointed out that the “current international financial crisis points to the collapse of laissez faire economics and discredits market fundamentalism.”

He added that this collapse of the Chicago School of Milton Friedman further implies that Zambia, our country must break free from these failed neoliberal policies and the institutions that promoted them (Post 30/04/2012), and so he argued that Zambia must define its own path of growth and development.

He proposed a need for a ‘development state’!

This preposition is serious for a country like Zambia if it has to address the rising inequalities and higher poverty levels.

The question Dr Chitala is trying to raise is what are the chances that this existing extensive poverty among Zambians could be eliminated?

Given that this poverty coincides with large and growing inequality of both income and wealth between the rural poor and urban Zambia especially that wealth is concentrated in few hands living in Lusaka and Copperbelt, and the majority poor are both in the rural and urban Zambia.

http://www.times.co.zm/?p=9380

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You are currently reading …this collapse of the Chicago School of Milton Friedman further implies that Zambia, our country must break free from these failed neoliberal policies and the institutions that promoted them… at - Invisible Backhand -.

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