the failure of “neoliberal” approaches to economic policy and global governance.
Instead of quoting from Brad’s posts, I’ll try to summarize his case. Basically, he argues that leaving everything to the market after 1970 resulted in a number of crises:
Leaving energy to the market resulted in global warming
The late 1970’s marked a break in the post-war compact between labor and capital , the tacit arrangement following World War II where businesses compromised with labor unions in exchange for stability and economic growth. In 1980, we saw the overwhelmingly popular elections of Ronald Reagan in the US and Margaret Thatcher in the UK. At home, Paul... See more