But that was a generation ago, and now the limitations of the neoliberal project have become painfully clear. At that time, most Americans approved of smaller, more hands-off government. The question now is whether they will accept the consequences.

May 21, 2012 § 1 Comment

Unfortunately, the decades-long neoliberal project had a price, which became increasingly obvious in the new millennium. The removal of trade barriers put U.S. jobs at risk, while lowering top tax rates and loosening the social safety net aggravated problems of inequality. Lighter regulation encouraged overexpansion and recklessness in the financial sector.

http://www.foreignpolicy.com/articles/2012/05/21/the_government_we_deserve?page=0,1

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§ One Response to But that was a generation ago, and now the limitations of the neoliberal project have become painfully clear. At that time, most Americans approved of smaller, more hands-off government. The question now is whether they will accept the consequences.

  • thebizoflife says:

    It is always better that government control the nation’s wealth and resources so the enlightened few can dole it out to those they deem most deserving. Individuals should not be allowed to keep their earnings. They are part of the collective, and everything they own belongs to the collective.

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You are currently reading But that was a generation ago, and now the limitations of the neoliberal project have become painfully clear. At that time, most Americans approved of smaller, more hands-off government. The question now is whether they will accept the consequences. at - Invisible Backhand -.

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