An epitaph for neoliberalism
Neoliberal policies are a disaster. In 30 years, liberalisation has produced only €1.3 trillion, or barely twice the total U.S. and European bank bailouts. Furthermore, the public guarantees for banks amount to €6 trillion. Neoliberalism has also financialised the major economies and commodified almost all of life. Global financial assets totalled $595.3 trillion in 2007, or 11 times the world's annual output, and vast profits are made from managing money, not from using it....
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