Last year’s annual report by the UN Conference on Trade and Development should have been an obituary for the neoliberal model developed by Hayek and Friedman and their disciples. It shows unequivocally that their policies have created the opposite outcomes to those they predicted.

January 14, 2013 § 6 Comments

If you think we’re done with neoliberalism, think again

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§ 6 Responses to Last year’s annual report by the UN Conference on Trade and Development should have been an obituary for the neoliberal model developed by Hayek and Friedman and their disciples. It shows unequivocally that their policies have created the opposite outcomes to those they predicted.

  • Your Comrade from the Future says:

    The UN?????? I can’t stop laughing…….. anyone with half a brain knows those gasbags wouldn’t recognize a fact if it hit them upside the head with a 2×4. What a surprise that an impotent world governing body would think the answer to every problem is more government and more spending. I think it is just another form of penis envy that could be cured very quickly by the US withdrawing financial support. Now on to your own psychological problems….. what is it that scares you so much about liberty and freedom that you feel compelled to sing the praises of servitude and government dependency?

  • Anonymous says:

    Economics, by it’s very nature, is a soft science. You can’t do controlled studies, you can’t isolate variables, and so it will always be a large part philosophical.

    So when I read an article like the one you linked to in the Guardian, that claims a single report is an “obituary for the neoliberal model,” I have to chuckle.

    Anyone can cherry-pick some data and draw conclusions that support their bias, but the reality is there are thousands of factors that affect the economy, in complicated and dynamic ways that no model can predict.

    • Nobody is claiming you need to know the position and energy state of every sub atomic particle in the universe before you can kick a rock with your foot.

      You’re just repeating some advertising you heard, paid for by the rich and powerful, who prefer to set economic policy without your input. Clearly they don’t think much of the ‘reality’ they sell to proles like you.

      • Anonymous says:

        Actually I just have different opinions than you. 🙂

        You seem to think everyone KNOWS the Hayek model is BS but there is some massive conspiracy by a few to fool the masses while enriching themselves.

        Reality is some of their ideas have merit, just like there is some merit in competing theories.

        And there are intellectually honest scholars on all sides… who believe their theories and aren’t just talking heads for the rich and powerful or some other puppet master behind the scenes.

        I think there is room for many different opinions and am thankful the guys at Cafe Hayek share theirs with us.

        PS: Great name for your blog!

  • Both sides don’t:

    “As it does every Sunday Fake Centrism again stalked the Sunday Mouse Circus, with inexpiable creatures like Matthew Dowd skittering around the corral insisting that, in the name of sacred compromise, “both sides” need to hold hands and take the hit for the GOP’s profoundly awful proposals.”

    http://driftglass.blogspot.com/2012/12/sunday-morning-comin-down.html

    Like I said: “You’re just repeating some advertising you heard, paid for by the rich and powerful…”

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